Marketplace Morning Report for Friday, February 14, 2014
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“Operational efficiencies” is often just another way of saying job cuts. So how many of those are we looking at with this merger? Later, President Obama makes his first visit to the Central Valley of California, to talk about the state’s drought emergency. What a president can do about making it rain. And finally, It’s that time again - Valentine’s Day… Whether you’re single, married or wooing, chocolate is a must on this day. But brace yourself before you hit the stores for that last-minute chocolaty gift...the sweet stuff is a little richer this year. The price of chocolates has been rising and doesn’t look like it’s going down anytime soon. Finally, African American buying power may be rising – but do rosy projections of buying power translate into growing economic, social or political power?
Posted In: Comcast, Time Warner Cable
Comcast says a merger with Time Warner Cable will create about $1.5 billion in "operating efficiencies." Translation: layoffs are coming.