Marketplace for Thursday May 29, 2014
The latest figures show a 1% contraction in the first quarter of this year- the economy's worst performance in three years. But should people despair over a poor GDP figure? Why do we place such importance on the GDP? When it comes to assessing the nation's well-being, can you pretty much choose your indicator? Also, Google release a diversity profile of its work force, showing how male-dominated the company is, with few women and even less blacks and Hispanics. How does this revelation matter for the U.S.'s innovation center? Plus, it suddenly seems that everyone wants a piece of Hillshire Brands, the maker of Jimmy Dean sausages and Ballpark hot dogs. Tyson Foods is out with a $6.1 billion bid, a couple days after Pilgrim's Pride made a $5.5 billion offer. We look at why Hillshire has become a hot property.