FROM David Welch
Tobacco Rivals in Talks to Merge America’s tobacco industry may be re-shaped by a merger of Reynolds-American and Lorillard, this country’s second- and third-largest makers of cigarettes. It’s all about a decline in the US market for traditional cigarettes, and the expected growth of e-cigarettes as a replacement. David Welch reports for Bloomberg News.
Snack Lovers Prepare: Kraft Is Becoming Mondelez Kraft Foods, Incorporated sells $31 billion worth of snack foods around the world. After testing with focus groups in 28 languages, the maker of macaroni and cheese, Oreo cookies and Ritz crackers, Kraft has adopted a new name. When Bell Atlantic merged with GTE, brand-namers combined the Latin word "veritas" with the English "horizon" to come up with the now-familiar "Verizon." " Mondelez " is also a composite, invented to evoke the idea that Kraft Foods products are part of a "delicious world."
Ahead of IPO, GM Posts Largest Quarterly Profit in 11 Years After bankruptcy and a federal bailout, General Motors has made its largest quarterly profit in 11 years. What's good for General Motors may be good politically for Barack Obama. David Welch writes for Bloomberg BusinessWeek .
General Motors on a Collision Course with Bankruptcy General Motors is closer than ever to bankruptcy. It needed 90% of its investors to exchange debt for shares in the company in order to qualify for fed money. GM announced today that it had failed to meet that threshold. David Welch is Detroit Bureau Chief for BusinessWeek magazine.
What is Trump's plan for Middle East peace? On his first foreign tour, President Trump has promised "peace" between Israel and the Palestinians. Are there any details for re-starting talks that have been stalled for the past three years?
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?
The longest US war: Will Trump send more troops to Afghanistan? The Trump White House is divided over the Pentagon's request for more troops in Afghanistan—where the US has been fighting for the past 16 years. Is there a formula -- either for "victory" or a political settlement? Is there an end in sight for America's longest war?
Replacing Obamacare: Now you see it… now you don’t As the Senate deliberates replacing Obmacare, health coverage for millions of people is at stake. There've been no public hearings, and a draft measure won't be made public. Is the House version so unpopular that that Senate is hiding a version that looks much the same?