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.
Future of the Palestinians as Trump welcomes Abbas President Trump says there's "no reason there can't be peace" between Israel and the Palestinians… but the first step will have to be unity between the West Bank and Gaza. Are the Palestinian Authority and Hamas any closer to speaking with one voice?
Free speech and the ideological fight for college campuses Conservatives claim that American colleges and universities are bastions of liberal orthodoxy, shielding students from alternative ways of thinking. What better place for a protest than UC Berkeley? What better agent of controversy than Ann Coulter?