Synovus to buy Cabela’s financial unit: source

Synovus Financial Corp. will buy the financial unit of outdoor goods retailer Cabela’s Inc., a source familiar with the matter told Reuters. Synovus will keep the deposits held by the unit and resell its credit-card portfolio to Capital One Financial Corp., the...

Hopes for an infrastructure spending spree in California lift Vulcan Materials shares

Shares of Vulcan Materials rose 3 percent Wednesday on expectations for increased highway and repair spending in California. Vulcan, one of the nation’s largest producers of construction aggregates, could benefit from California roadwork funding, according to a...

Robots will be the next big utility, like electricity, expert Martin Ford says

Robots and artificial intelligence are going to pose a major threat to jobs in the coming years, Martin Ford, author of “Rise of the Robots: Technology & the Jobless Future,” told CNBC on Wednesday. “Machines are encroaching on the fundamental...

General calls Iran ‘destabilizing’ force, suggests US ‘disrupt’ regime by military means

The nation’s top military official in the Middle East on Wednesday said Iran is one of the greatest threats to the U.S. today and has increased its “destabilizing role” in the region. “I believe that Iran is operating in what I call a gray...

FDA rejects Mylan’s generic version of GSK’s Advair

Mylan said on Wednesday its application to market a generic copy of GlaxoSmithKline’s blockbuster inhaled lung drug Advair was rejected by the U.S. Food and Drug Administration. Mylan’s shares fell nearly 2 percent to $40.90 in afternoon trading. The FDA...