M&T Bank to Acquire Troubled Wilmington Trust

Wilmington Trust shares plummeted 44% in morning trading Monday as the struggling East coast institution announced M&T Bank would acquire the company in a stock transaction valued at $351 million.
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To Topple Toyota, Volkswagen Must Accelerate in the U.S.

VW has set a hefty goal for itself: to displace Toyota as the world’s No. 1 car company. The German automaker is actually within reach, thanks mainly to its huge lead in China. To overtake Toyota, however, VW will need to reall…