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Business
Nissan, Honda Eye Potential Merger Nissan, Honda Eye Potential Merger
Nissan, Honda Eye Potential Merger Two of the world's biggest automakers may soon become one. Nissan Motor Co., Ltd. and Honda Motor Co., Ltd. have signed a memorandum of understanding (MOU) to discuss a potential merger aimed at revolutionizing the future of mobility and electrification.  Announced on Monday, Dec. 23, the goal is to establish a joint holding company that could significantly impact the automotive landscape, and potentially make the combined corporation the world's third-largest auto manufacturer. The merger aims to accelerate initiatives for carbon neutrality and zero traffic fatalities by pooling reso…

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by Joe Lombardi
Business
Goldman Sachs To Fire Over 1,300 Workers, Report Says Goldman Sachs To Fire Over 1,300 Workers, Report Says
Goldman Sachs To Fire Over 1,300 Workers, Report Says New York City-based multinational investment bank and financial services company Goldman Sachs plans to lay off over 1,300 employees, according to a report by The Wall Street Journal. The move is part of an annual review process that culls low performers, the report said, noting the numbers of those getting fired may wind up being as high as 1,800 out of the company's global workforce of around 45,000. The layoffs have already started and will continue through the fall, according to the report. Click here to read the complete Wall Street Journal report.

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by Joe Lombardi
Police & Fire
$1.5M Embezzlement Case: Fairfield Woman Who Served As CFO Sentenced $1.5M Embezzlement Case: Fairfield Woman Who Served As CFO Sentenced
$1.5M Embezzlement Case: Fairfield Woman Who Served As CFO Sentenced The former chief executive officer for a Fairfield County company will serve the next two years in prison after pleading guilty to embezzling $1.5 million, federal authorities said. She used the money on vacations, luxury cars, jewelry, and a time-share condominium, the prosecutor said.  Carolina Guerreno, age 50, of the Town of Fairfield, pleaded guilty to one count of wire fraud last year and has agreed to reimburse her former company, the US Attorney General for Connecticut said. She has repaid $400,000 so far, officials said.  Guerreno worked at a financial services company in…

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by Josh Lanier