The Federal Reserve says a worst-case scenario for the U.S. economy ravaged by the coronavirus pandemic would cause the nation’s 34 largest banks to collectively lose roughly $700 billion.

Stocks are shaking off an early loss and moving slightly higher in midday trading on Wall Street.

H.J. Heinz Co. is buying Kraft Foods Group Inc., creating what the companies say will be the third-largest food and beverage company in North America.

International Game Technology announced today at a special shareholder meeting in Las Vegas that shareholders have approved its merger with Italian company GTECH.