The Brazilian meat producer JBS is buying America's third-biggest processor, Swift & Co., for $225 million. If approved, the takeover will create the world's largest beef and pork processing company. Bob Moon reports.
After being turned away by the London Stock Exchange earlier this year, the NASDAQ has found a willing transatlantic partner in Stockholm's OMX exchange. And we'll probably see more consolidation ahead says economist Andrew Hilton.
Wealthy investors are running out of things to buy and that's created a market for some unusual hedge funds. They don't always make it off the ground, but the violin fund may actually be going places, says James Mackintosh.
Robert Reich got a lotta mail about his suggestion to tax private equity earnings as income. Seems folks think fund managers would just move that money offshore instead. He says if that's the case, they should follow their cash and get the heck out.
Home Depot holds its annual shareholder meeting in Atlanta this morning. Last year's was one of the most, well, we'll call it "interesting" of all time. Can the new CEO whip the meeting and the company back into shape? Ashley Milne-Tyte reports.
Alan Greenspan yesterday warned that he fears China's skyrocketing stock market is due for a dramatic correction. That sent prices down on Wall Street and in Europe, but investors in Shanghai barely seemed to notice.
To look around on Wall Street you'd think we were back in the days before anybody knew what a dot-com bust was. Commentator Ben Stein says investor enthusiasm is misplaced.
A lot of people see the Standard & Poors index as the most accurate snapshot of the market. But it's a very different index and market than the last time it reached record numbers. Alisa Roth reports.
China's decided what it wants to do with some of its $1.2 trillion in foreign reserves: Buy into the high-powered U.S. private equity firm Blackstone. Our man in Shanghai, Scott Tong, explains the deal to Kai Ryssdal.
