Marketplace Morning Report for Thursday, February 14, 2013
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On this Valentine's Day, American Airlines and US Airways are making a wedding announcement as the boards of both carriers have approved a merger. Bob Crandall, the former CEO of American Airlines, joins us to discuss what's ahead for what will be the world's largest airline. Is a new global recession on the way? And, despite advice to the contrary, work colleagues frequently date each other. That can give HR a headache and lead to corporate policies barring office romance.
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A merger between American Airlines and US Airways, Warren Buffet to enter the ketchup business, the creative and risky financing being used by public school districts around the country, and the most common business passwords.
Posted In: Warren Buffett, Heinz ketchup
Legendary investor Warren Buffet announced Thursday morning that his company, Berkshire Hathaway, will team up with a Brazilian-backed investment firm to buy H. J. Heinz, the ketchup maker. The price tag? Just over $23 billion.
Posted In: American Airlines, Warren Buffett, Heinz ketchup, Mergers and Acquisitions
Investors are digesting a mega airlines merger and major ketchup acquisition this morning. Is the activity a coincidence or part of a larger trend?
Posted In: American Airlines, US Airways
American Airlines and US Airways have officially announced their long-suspected merger. Together the companies will become the largest airline in the world, but the consolidation process won’t be without its challenges.
Posted In: california, bonds, Education, construction
Many school districts around the country are making use of capital appreciation bonds, long-term bonds that can put them into debt for far more than they initially borrowed.