Marketplace Morning Report for Wednesday, March 25, 2015
Airing on Wednesday, March 25, 2015: You may know that many of the beers you drink are produced by a Belgian-Brazilian conglomerate known as Anheuser-Busch InBev. There's word just now that Heinz of ketchup fame is merging with Kraft of Mac and Cheese, Jello, Oscar Meyer and Philadelphia cream cheese fame. The Brazilian angle? At the center of this estimated $40 billion deal is a Brazilian private equity fund known as 3G Capital that already controls Heinz. Plus, Apollo Group, the parent company of the University of Phoenix, reports earnings this morning. For-profit colleges have seen enrollments decline, thanks to negative publicity and an improving economy. But the biggest threat right now might be from traditional universities competing for students online. And Radioshack is bankrupt and on the auction block. We talk to Heather Landy, global news editor for Quartz, who has been digging deep into the sad demise of the Shack.
Airing on Wednesday, March 25, 2015: You may know that many of the beers you drink are produced by a Belgian-Brazilian conglomerate known as Anheuser-Busch InBev. There’s word just now that Heinz of ketchup fame is merging with Kraft of Mac and Cheese, Jello, Oscar Meyer and Philadelphia cream cheese fame. The Brazilian angle? At the center of this estimated $40 billion deal is a Brazilian private equity fund known as 3G Capital that already controls Heinz. Plus, Apollo Group, the parent company of the University of Phoenix, reports earnings this morning. For-profit colleges have seen enrollments decline, thanks to negative publicity and an improving economy. But the biggest threat right now might be from traditional universities competing for students online. And Radioshack is bankrupt and on the auction block. We talk to Heather Landy, global news editor for Quartz, who has been digging deep into the sad demise of the Shack.
