Economics & Economy

U.S. food company Kraft Heinz offered $143 billion for the British-Dutch consumer goods conglomerate Unilever. Unilever rejected the proposal, but Kraft Heinz said it looks forward to reaching an agreement on the terms of a transaction. If the deal does eventually go ahead, it would be one of the largest acquisitions on record. It's just a year since Heinz and Kraft Foods merged, but these big-time mergers are nothing new for the industry.

Sam Beard

In Europe, Brexit has put Grexit in the shade. The British vote to leave the European Union has dominated the economic headlines since last summer’s referendum and overshadowed the fear that Greece — the EU’s most vulnerable and debt-laden country — would crash out of the Eurozone. But could Grexit be poised for a comeback? We may get the answer on Monday. Euro finance ministers meet to consider whether the Greeks should get the next installment of their bailout money, money they must have before July if they are to avoid defaulting on some of their loans.

Sam Harnett

CEO Bill Phelps says his thoughts on minimum wage have evolved. In 1994, Phelps co-founded the fast food chain Wetzel’s Pretzels, which has almost a hundred outlets in California.

“Like most business people,” Phelps said, “I was concerned about it a couple of years ago when California started raising the minimum wage."

Eliza Mills

Dalton State College in Dalton, Georgia, attracts students from all over Georgia and all over the world, but the manufacturing city it calls home still has a strong influence on the small campus. Dalton is where most of the carpet in the United States is produced, and many of the students here have parents who work in the carpet industry or are preparing themselves for science and tech jobs in manufacturing. 

Weekly Wrap: 8 years since Obama's stimulus package

Feb 17, 2017

Leigh Gallagher of Fortune and Sudeep Reddy of Politico join Marketplace's Kai Ryssdal to discuss the week's business and economic news. This week, they talk about the Federal Reserve: Chair Janet Yellen's trip to the Hill, Daniel Tarullo's resignation from the board of governors and how President Donald Trump will tackle forming a new Fed. Also, eight years ago today, then-President Barack Obama signed an $800 billion stimulus package. Why hasn't Trump followed through with any direct action for the economy yet? 

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