Effects Of Automatic Spending Cuts Become Clearer
The clock is ticking on the sequester. That's the Washington term for the across the board spending cuts that will take effect March 1st unless Congress acts to put them off.
Business
Brazil's Richest Man Involved In Heinz Acquisition
Warren Buffett is one of the investors in a $23 billion bid to buy HJ Heinz Company. Lesser known is one of Buffet's partners in the acquisition. Jorge Paulo Lemann is Brazil's richest man, according to Bloomberg.
How Will Proposed Merger Affect Airline Passengers?
Conventional wisdom says fewer airlines mean higher fares and fewer flights. But experts say the American Airlines-U.S. Airways proposed merger is a mixed bag. Past mergers haven't led to significantly higher fares, but will this time be different?
Will 'Made In Haiti' Factories Improve Life In Haiti?
International aid agencies are pouring millions of dollars into a large industrial park on Haiti's north coast. The Caracol Industrial Park is intended to create 60,000 jobs and encourage people to move out of the overcrowded capital Port-au-Prince.
When It Comes To Fashion, Shouldn't There Be An App For That?
In fashion's first hackathon, developers had just 24 hours to build an app for the industry — the finalists will be presented on the runway at New York's Fashion Week. "Right now the industry could really use some innovation," says Decoded Fashion founder Liz Bacelar.
Mavericks, Hot Documents And Beer
How antitrust regulators decide whether to block a merger.
Lew Expected To Be Confirmed As Treasury Secretary
President Obama's nominee for Treasury Secretary Jack went before the Senate Finance Committee Wednesday. Lew appears headed toward confirmation by the full Senate. But he did get some pointed questions from Republicans about his stint as an executive at Citigroup.
Obama Tries To Move Spotlight Off Deficit Reduction
Preschool is just one example of the ways in which President Obama says government can play a constructive role in the economy. He's trying to reorient the debate in Washington from deficit reduction alone to wise investment.
Buffett's Berkshire Hathaway To Buy Heinz
Warren Buffett is teaming up with another big investor in the $28 billion deal. Berkshire Hathaway has been looking for places to invest, with other recent deals involving consumer icons Coca-Cola and Mars.
Taxpayers Steaming Over Florida Nuclear Plant's Shuttering
The Crystal River nuclear plant was a driver of commercial life in rural Citrus County, Fla. The power company's decision to close the troubled plant will leave taxpayers and ratepayers on the hook for up to several billion dollars and has residents worried about their region's future.