| Middle-aged capitalism |
| On any given day, you can expect news of major corporate mergers. Last week, we had decisions from FedEx to buy the Dutch delivery company TNT for $4.8 billion and from Royal Dutch Shell to acquire the BG Group, a British natural gas company, for $70 billion. Mergers and acquisitions have become a staple of modern capitalism. In 2014, worldwide M&A totaled $3.5 trillion, up 47 percent from the year before, reports Thomson Reuters. Read full article » |
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