In the news: JP Morgan hacked, Nadella to visit China and more

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Thursday headlines include: JP Morgan and other banks getting hacked, Microsoft's CEO going to China, Dollar General reiterating its commitment to acquiring Family Dollar, Anti-trust regulators signing off on Tyson's purchase of Hillshire and General Motors shuffling production between the U.S. and Mexico.

JP Morgan

Financial giant JP Morgan ( JPM ) and four other banks were attacked by Russian hackers earlier this month, resulting in the loss of gigabytes worth of customer data, according to sources close to the investigation that spoke to Bloomberg. At least one of the banks believes the source of the attack was state-sponsored hackers from Russia. The FBI is reportedly looking into whether or not the attack could have been retaliation for sanctions recently imposed against Russua.

Microsoft

The CEO of Microsoft ( MSFT ), Satya Nadella is planning to visit China late next month. The visit comes as the government of China is conducting an antitrust investigation into the company. Whether or not Nadella plans to meet with government officials during his visit remains unknown.


Dollar General

Discount retailer Dollar General ( DG ) remains committed to its bid to acquire rival Family Dollar, the company said Thursday. The company also maintained its position that its offer is superior to the bid from rival Dollar Tree ( DLTR ) and also maintained its position that the deal is achievable. Family Dollar rejected Dollar Tree's offer last week citing anti-trust concerns.

Tyson Foods

Antitrust regulators in the U.S. approved Tyson Foods ( TSN ) deal to acquire Hillshire Brands (HSH) for $8.5 billion. As conditions for the approval, the companies will sell Heinold Hog Markets.

General Motors

Automaker General Motors (GM) is moving some production between the U.S. and Mexico. The company and the United Auto Workers Union announced that production of the Cadillac SRX will be moved to Tennessee from Mexico. At the same time, the company is also moving production of the Chevrolet Equinox to Mexico, from Spring Hill Tennessee when that vehicle is redesigned in 2017.


This article was originally published on MarketIntelligeneCenter.com



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Technology

Referenced Stocks: JPM , MSFT , DG , DLTR , TSN

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