Comcast, the nation's largest cable provider, is set to become even bigger. The Philadelphia-based company has reached an agreement to acquire Time Warner Cable, the nation's second-largest cable provider, in an all-stock deal valued at roughly $45 billion. Consumer groups oppose the deal on the grounds that it will hurt competition and raise prices. But the companies claim competition won't be harmed at all.
The Chronicle of Philanthropy this week released its list of the 50 most generous donors of 2013. Alongside names like Mark Zuckerberg and George Soros is a relative unknown named Millicent Atkins, who left some $37 million to three institutions. Melissa talks with Jane Godfrey, Director of Trusts and Estates at the University of Minnesota Foundation, the recipient of a surprise bequest from Atkins. We also talk with Stacy Palmer, editor of the Chronicle, about other low-profile philanthropists who year after year surprise institutions with their generosity.
Comcast's proposed $45 billion merger with Time Warner might strengthen provisions intended to make sure Internet providers are treating all online traffic equally by extending so-called net neutrality to millions more users. But public-interest advocates worry the deal will hurt competition.
The celebrity cook and restaurant owner lost her Food Network gig and many endorsements last year when her past use of a racial slur was revealed. She has apologized many times. Now, a private equity company has come forward with millions of dollars to restart her business empire.
Indianapolis based Republic Airways has a problem: It can't find enough pilots to fly its planes. And so it plans to take more than two dozen of its jets out of service. Six months ago, the FAA boosted the number of hours it takes to qualify as a commercial pilot, and that has made it difficult for small, regional carriers to get the pilots they need.
The new head of the Federal Reserve made her debut this week in a marathon hearing at the House Financial Services Committee. Steve Inskeep talks to David Wessel, director of the Hutchins Center at the Brookings Institution about Janet Yellin's first days as chair of the Fed, and what message she sent to Congress in six hours of testimony.
ASCAP — the American Society of Composers, Authors and Publishers — was founded on Feb. 13, 1914, to protect its members' copyrights by monitoring public performances of their music. It hasn't been an easy century; in fact, just about every victory has come as the result of litigation.
Two Americans open Fortune Cookie, a restaurant that serves Chinese-American food in Shanghai. The owners believe there is a market among expats nostalgic for their hometown takeout. A Chinese customer says Westernized Chinese food lacks the subtly of the original cuisine.