Marketplace for Monday, May 27, 2013
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Memorial Day kicks off the summer travel season and while Americans may indulge in an occasional long weekend, Europeans are gearing up for several weeks of vacation. Here in the U.S., companies like Time Warner Cable and Yahoo are reportedly bidding between $600 million and $800 million for video streaming service Hulu. U.S. military applications are up as youth unemployment continues to soar, so military recruiters are fine-tuning the admissions process. And Mexico's economy is booming and now big companies targeting the U.S. market are relocating from China.
Posted In: hulu, Yahoo, hulu plus, directv, Time Warner Cable
As focus shifts to Internet video as a profit model, Yahoo has its eyes on Hulu. But it needs to get in line. DirecTV, Time Warner Cable, and at least three private equity firms also hope to acquire the subscription-based video service.
Posted In: Mexico, Tijuana, manufacturing, drones
Some companies who sell to the U.S. now prefer Mexico to China as a manufacturing base. Rising Chinese labor costs are part of the reason. Mexico's proximity to the U.S. is another.
Posted In: drought, groundwater, water
Drought conditions from last year in the U.S. are likely to continue. Commentator Robert Glennon says that spells trouble for the nation's groundwater supply.
Posted In: college graduate, Jobs, Unemployment, unemployed
Could the government solve the youth unemployment problem?
Posted In: electric cars, batteries
The company Better Place is liquidating, after a failed attempt to make electric cars with batteries to swap in and out. Problem is, e-vehicles are still expensive. And fossil fuel prices in the recent downturn have softened.