Markets open steady then slip as gains fade
Stocks extended a pullback from record highs with the S&P 500 down 0.4 percent after turning from a 0.9 percent early rise. The Dow fell 184.82 points while the Nasdaq rose 62.17. Small caps gained marginally as traders weighed vaccine progress against fiscal aid stalemate and EU trade talks.
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Huntington and TCF Financial agree on all-stock merger
Huntington Bancshares Inc and TCF Financial Corp announce an all-stock merger valued around 22 billion to create a top 10 regional bank. The combined company would be led by Huntington under the Huntington name with dual headquarters in Columbus and Detroit and assets estimated near 168 billion.
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Cyber espionage threat prompts federal network shutdowns
U S government agencies and private firms raced to secure networks after a long running cyber espionage intrusion believed by experts to be carried out by a foreign state, with Russia suspected but not confirmed. The incident prompted DHS to order removal of compromised management software and spurred widespread action by thousands of companies. The breach targeted email and internal files at Treasury and Commerce and potentially more. DETROIT A UAW monitoring agreement with the Justice Department follows a federal probe into corruption reaching upper ranks of the union, paving the way for future leadership elections. The independent monitor will oversee finances and operations for six years unless extended or ended by all sides, awaiting court approval.
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