Nissan and Honda to attempt a merger that would create the world's No. 3 automaker TOKYO (AP) — Japanese automakers Nissan and Honda have announced plans to work toward a merger that would catapult them to a top position in an industry in the midst of tectonic shifts as it transitions away from its reliance on fossil fuels. The two companies said they signed an agreement on integrating their businesses on Monday. Smaller Nissan alliance member Mitsubishi Motors agreed to join the talks. News of a possible merger surfaced earlier this month. Japanese automakers face a strong challenge from their Chinese rivals and Tesla as they make inroads into markets at home and abroad. What a merger between Nissan and Honda means for the automakers and the industry BANGKOK (AP) — Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had agreed to join the talks on integrating their businesses. Honda will initially lead the new management, retaining the principles and brands of each company. Following is a quick look at what a combined Honda and Nissan would mean for the companies, and for the auto industry. Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion deal Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock, representing a 42% premium on the company’s stock as of March 18. Nordstrom’s board of directors unanimously approved the the proposed transaction, while Erik and Pete Nordstrom — part of the Nordstrom family taking over the company — recused themselves from voting. Following the close of the transaction, the Nordstrom Family will have a majority ownership stake in the company. An analyst looks ahead to how the US economy might fare under Trump WASHINGTON (AP) — President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally. In some ways, his victory marked a repudiation of President Joe Biden’s economic stewardship and a protest against inflation. It came despite low unemployment and steady growth under the Biden administration. What lies ahead for the economy under Trump? Paul Ashworth of Capital Economics spoke recently to The Associated Press. The interview has been edited for length and clarity. American consumers feeling less confident in December, Conference Board says American consumers are feeling less confident in December, a business research group says. The Conference Board said Monday that its consumer confidence index fell back in December to 104.7 from 112.8 in November. Consumers had been feeling increasingly confident in recent months. The consumer confidence index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. The measure of Americans’ short-term expectations for income, business and the job market tumbled more than a dozen points to 81.1. The Conference Board says a reading under 80 can signal a potential recession in the near future. Stock market today: Wall Street rises at the start of a holiday-shortened week Stocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 1%. Honda's U.S.-listed shares rose sharply after the company said it was in talks about a combination with Nissan in a deal that could also include Mitsubishi Motors. Eli Lilly rose after announcing that regulators approved Zepbound as the first prescription medicine for adults with sleep apnea. Treasury yields rose in the bond market. The internet is rife with fake reviews. Will AI make it worse? Researchers and watchdog groups say the emergence of generative artificial intelligence tools that allow people to efficiently produce detailed and novel online reviews has put merchants, service providers and consumers in uncharted territory. Phony reviews have long plagued many popular consumer websites, such as Amazon and Yelp. But AI-infused text generation tools enable fraudsters to produce reviews faster and in greater volume, according to tech industry experts. The deceptive practice is illegal in the U.S. and becomes a bigger problem for consumers during the holiday shopping season, when many people rely on reviews to buy gifts. A tech company and watchdog group that uses software to detect fake reviews says AI-generated reviews have multiplied. Romanian lawmakers narrowly approve new pro-European coalition during period of political turmoil BUCHAREST, Romania (AP) — Romanian lawmakers have voted narrowly in favor of a new pro-European coalition government led by incumbent Prime Minister Marcel Ciolacu. The move on Monday could usher in an end to a protracted political crisis in the European Union country following the annulment of a presidential election. Parliament approved the new administration in a 240-143 vote in the 466-seat legislature. The new coalition is made up of the leftist Social Democratic Party, the center-right National Liberal Party, the small ethnic Hungarian UDMR party and national minorities. President Klaus Iohannis swore in the new government on Monday night. Government regulators close investigation into Ford Focus recalls Government safety regulators are closing an investigation into two previous recalls of the Ford Focus after determining that Ford Motor Co. has satisfied its concerns. Ford recalled around 1.5 million Ford Focus sedans from the 2012-2018 model years in 2018 because they could lose power. The issue was a malfunctioning canister purge valve and software that didn’t adequately detect when it was stuck open. Ford fixed the software in two separate recalls, but after cars continued to stall, the government opened an inquiry last year. Earlier this fall, Ford offered to replace the canister purge valve on all of the vehicles, satisfying regulators' concerns. AI will eavesdrop on world's wildest places to track and help protect endangered wildlife PUERTO JIMÉNEZ, Costa Rica (AP) — A biologist hid 350 audio monitors across Costa Rica’s tropical rainforests to spy on endangered spider monkeys in order to help protect them. But she had to go back to collect the data and feed those sounds into artificial intelligence systems that can recognize monkey calls. Now tech giant Microsoft's philanthropic arm is hoping to supercharge AI-assisted wildlife research with new solar-powered devices that can capture sounds, images and other wilderness data for a year or more without human intervention. Researchers say more AI wildlife surveillance is urgently needed to monitor the health of species at risk of extinction.
One day before Texas and Georgia face off in the Southeastern Conference championship game, the Longhorns earned a surprising victory over the Bulldogs on the recruiting trail. Read this article for free: Already have an account? To continue reading, please subscribe: * One day before Texas and Georgia face off in the Southeastern Conference championship game, the Longhorns earned a surprising victory over the Bulldogs on the recruiting trail. Read unlimited articles for free today: Already have an account? One day before Texas and Georgia face off in the Southeastern Conference championship game, the Longhorns earned a surprising victory over the Bulldogs on the recruiting trail. Justus Terry, a defensive lineman from Manchester, Georgia, announced Friday he would be leaving his home state to play for Texas next year. Terry, who also was considering Georgia and Auburn, had been the nation’s top remaining uncommitted 2025 prospect. The addition of Terry gives Texas the nation’s No. 1 recruiting class, according to composite rankings of recruiting sites compiled by 247Sports. “We’re super pumped about this recruiting class,” Texas coach Steve Sarkisian said Thursday, before Terry had announced his decision. “This is a very talented group of players that I think not only fit the physical characteristics of what we’re looking for by position in our program, but I think meet the character and are going to fit nicely into our culture.” Although there will be an additional signing period in February, 247Sports officials said Texas should maintain its No. 1 standing. The overwhelming majority of Power Four recruits already finalized their college plans this week. The top 11 classes as of Friday afternoon include eight Southeastern Conference schools and three Big Ten programs. Alabama is second, with Georgia third, Oregon fourth and Ohio State fifth. Auburn, LSU, Texas A&M, Michigan and Tennessee round out the top 10. Florida is 11th. The highest-rated recruiting classes outside the SEC and Big Ten are Notre Dame at No. 12 and Miami at No. 14. Terry is the nation’s No. 2 defensive lineman and No. 10 overall prospect, according to the 247Sports Composite. His decision gives Texas nine of the 247Sports Composite’s top 66 prospects. Texas’ other recruits rated 66th or better include safety Jonah Williams (No. 8), wide receivers Kaliq Lockett (No. 22) and Jamie Ffrench (No. 32), defensive lineman Lance Jackson (No. 25), all-purpose athlete Michael Terry III (No. 43), cornerbacks Kade Phillips (No. 54) and Graceson Littleton (No. 65), and linebacker Elijah Barnes (No. 66). “I think it’s a really versatile class with a variety of positions, highlighted by high-level players,” Sarkisian said. “As always, we really pride ourselves on recruiting the high school ranks. We think when we can get players in here young, then immerse them into our culture, into our off-season conditioning program, develop them as we go throughout their career, that’s when we really reap the benefits of having these guys in our program. This class is no different.” Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. With the early signing period concluding Friday, the focus on college roster construction now turns to transfers. The transfer portal window officially opens Monday, though numerous college players already went to social media this week to announce their intentions to transfer. The early signing period was moved up a few weeks this year so that high school seniors could get their decisions out of the way before the opening of the transfer portal window. This marked the first signing period since the demise of the national letters of intent that prospects had sent in the past after signing with their respective schools. Athletes now are signing their names to a financial aid agreement that can include name, image and likeness agreements along with the standard tuition and room and board details. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here. AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football Advertisement Advertisement
One day before Texas and Georgia face off in the Southeastern Conference championship game, the Longhorns earned a surprising victory over the Bulldogs on the recruiting trail. Justus Terry, a defensive lineman from Manchester, Georgia, announced Friday he would be leaving his home state to play for Texas next year. Terry, who also was considering Georgia and Auburn, had been the nation’s top remaining uncommitted 2025 prospect. The addition of Terry gives Texas the nation’s No. 1 recruiting class, according to composite rankings of recruiting sites compiled by 247Sports. “We’re super pumped about this recruiting class,” Texas coach Steve Sarkisian said Thursday, before Terry had announced his decision. “This is a very talented group of players that I think not only fit the physical characteristics of what we’re looking for by position in our program, but I think meet the character and are going to fit nicely into our culture.” Although there will be an additional signing period in February, 247Sports officials said Texas should maintain its No. 1 standing. The overwhelming majority of Power Four recruits already finalized their college plans this week. The top 11 classes as of Friday afternoon include eight Southeastern Conference schools and three Big Ten programs. Alabama is second, with Georgia third, Oregon fourth and Ohio State fifth. Auburn, LSU, Texas A&M, Michigan and Tennessee round out the top 10. Florida is 11th. The highest-rated recruiting classes outside the SEC and Big Ten are Notre Dame at No. 12 and Miami at No. 14. Terry is the nation’s No. 2 defensive lineman and No. 10 overall prospect, according to the 247Sports Composite. His decision gives Texas nine of the 247Sports Composite’s top 66 prospects. Texas’ other recruits rated 66th or better include safety Jonah Williams (No. 8), wide receivers Kaliq Lockett (No. 22) and Jamie Ffrench (No. 32), defensive lineman Lance Jackson (No. 25), all-purpose athlete Michael Terry III (No. 43), cornerbacks Kade Phillips (No. 54) and Graceson Littleton (No. 65), and linebacker Elijah Barnes (No. 66). “I think it’s a really versatile class with a variety of positions, highlighted by high-level players,” Sarkisian said. “As always, we really pride ourselves on recruiting the high school ranks. We think when we can get players in here young, then immerse them into our culture, into our off-season conditioning program, develop them as we go throughout their career, that’s when we really reap the benefits of having these guys in our program. This class is no different.” With the early signing period concluding Friday, the focus on college roster construction now turns to transfers. The transfer portal window officially opens Monday, though numerous college players already went to social media this week to announce their intentions to transfer. The early signing period was moved up a few weeks this year so that high school seniors could get their decisions out of the way before the opening of the transfer portal window. This marked the first signing period since the demise of the national letters of intent that prospects had sent in the past after signing with their respective schools. Athletes now are signing their names to a financial aid agreement that can include name, image and likeness agreements along with the standard tuition and room and board details. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballNone
