Bloomberg BusinessWeek
Staff writer and former Detroit Bureau Chief for Bloomberg BusinessWeek
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David Welch
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FROM David Welch
To the Point
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.
To the Point
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.
To the Point
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 .
To the Point
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.
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The Mixer
The march toward a teachers strike sounds familiar Higher salaries, larger class sizes, more counselors, librarians and nurses. Those are just some of the demands that members of United Teachers, Los Angeles - the union that represents teachers' at LAUSD - are asking for.
KCRW Features
Who are the political players in the LA teachers strike? Thousands of LA public school teachers are going to be back out on the picket lines for a second day. They walked off the job Monday after failing to reach a contract agreement with the LA Unified School District, despite months of negotiations.