Students celebrate at the commencement of the 2014 New York University graduation ceremony at Yankee Stadium on May 21, 2014 in the Bronx borough of New York City. Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, received an honorary doctorate and was the 2014 commencement speaker. 
 Students celebrate at the commencement of the 2014 New York University graduation ceremony at Yankee Stadium on May 21, 2014 in the Bronx borough of New York City. Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, received an honorary doctorate and was the 2014 commencement speaker.  - 
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Kraft and Heinz announced today they are merging. It's a $40 billion plus deal that unites some of the biggest names in processed foods. There's even a Brazilian angle here. More on that. And a hedge fund called American General has increased its bid for what remains of bankrupt Radio Shack, up $20 million to $165 million according to Reuters. We talk about how the store seemed to have become less about electronics and more about bugging you to buy batteries and extended warranties. And It is the season for colleges and universities to announce what they're charging for the coming academic year. In the face of this, students and parents around the country want to know that all this money will lead to a job sometime. This is the argument to make higher ed more vocational, and tailor the courses to jobs. But where does this leave liberal arts education? 

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Follow David Brancaccio at @DavidBrancaccio