Jan 19 Kraft and Cadbury Reach Merger Deal After several months of often contentious talks, Cadbury has accepted Kraft's takeover offer, creating the world's biggest confectioner in a deal valued around $19.4 billion. Cadbury had strongly resisted any such deal for months; at one point in… Continue reading
Jan 19 Richard Freeman on Changing Wall Street By Business Desk Paul Solman: A few months ago, Harvard economist Richard Freeman took us on a recession walking tour of the Boston area. Among the many hats Freeman wears is working at the National Bureau of Economic Research, which declares… Continue reading
Jan 15 Paul Krugman on Values and Economics By Business Desk Paul Solman: To follow up our conversation with Paul Krugman yesterday on how to tackle financial reform, we go ‘up close and personal’ with the Nobel-winning economist today, kicking off with this question I pose to him: Don’t… Continue reading
Jan 14 Paul Krugman on Financial Reform By Business Desk Paul Solman: At January's annual economics meeting in Atlanta, we sat down one-on-one with a variety of intriguing economists, none of whom I've known longer than Paul Krugman. I first interviewed him in the early 1980s, back when… Continue reading
Jan 14 Obama Proposes Tax on Biggest Banks to Recoup Bailout Funds UPDATE - 2:05 P.M.: In his remarks this morning announcing the proposed tax on the nation's biggest banks, President Obama said he wants to "recover every single dime the American people are owed." He went on: "We're already hearing a… Continue reading
Jan 14 Watch Big Banks Brace for Major Tax Hike President Obama announced Thursday plans to tax the nation's biggest banks to recoup TARP costs. But not everyone thinks this is such a great idea. Continue watching
Jan 13 How Job Numbers Stack Up Across Patchwork Nation By Hari Sreenivasan // In his latest visit to the Rundown, Patchwork Nation's Dante Chinni discussed how unemployment rates in some U.S. communities have fared over the last year, how income disparities break down across the country and how it all may… Continue reading
Jan 13 What I’d Ask the Banking Chiefs Paul Solman: As the Financial Crisis Inquiry Commission gets under way this morning and the heads of biggest U.S. banks answer questions about what caused the financial crisis – and what to do to avoid a similar crisis in the… Continue reading
Jan 13 Watch Congress Presses Bankers for Answers About Meltdown Bankers from the nation's top financial institutions faced tough questions Wednesday from Congress, which has been investigating what led to the financial collapse and what role banks played. Kwame Holman reports. Continue watching
Jan 13 Watch Google’s Threats to Leave China Renew Censorship Concerns Internet giant Google said Wednesday that censorship efforts contributed to the company's threat to pull its business out of China. Jeffrey Brown talks to journalists for more. Continue watching