Marketplace AM for July 4, 2007
Posted In: Travel, Wall Street
The Blackstone Group is planning an extended stay in the hotel biz. It announced last night that it's buying Hilton Hotels for $26 billion, the latest and certainly greatest evidence of private equity's rising interest in hospitality.
Posted In: Canada, Entertainment, Mexico
Back in the late '90s, tequila made such a big splash in U.S. pop culture that it drove up the price of agave, the spiky plant used to make Mexico's national liquor. The events that followed tell an age-old story in agriculture. Dan Grech explains.
Posted In: Crime, Entertainment
Keg thieves are tapping into the beer industry's collective bottom line, siphoning off over $40 million a year, into scrap metal mostly. The Beer Institute's Jeff Becker tells us how they're making off with so many empty kegs, and what's being done about it.
Posted In: Canada, Entertainment, Retail
Fireworks are as American as apple pie and the Fourth of July, except that almost all of them are made in China. So how do we know if they're safe? The industry acted to defuse that issue nearly 20 years ago, but it's not failsafe, John Dimsdale reports.