A $20.1 billion merger of beer conglomerates is now delayed, after the U.S. Justice Department filed suit Thursday. The deal would put Corona, Bud Light, Stella Artois, and other popular beers under one corporate umbrella, which Justice officials say will mean higher prices.
Some Republicans have already seized the moment, saying this decision was part of the "failed Obama record." The Obama administration said it was already moving forward with some of the council's recommendations.
Facebook says its mobile advertising business nearly doubled from the third to fourth quarter of 2012. As a whole, the company's ad business grew at its fastest rate since it went public last May. Some analysts felt the social network had initially been too slow to get into the mobile market.
The government is set to make additional cuts to spending, including defense, this spring, unless lawmakers agree on an alternative plan to address the deficit. So far, there's little agreement in Washington about the optimum size or shape of government spending.
BlackBerry has unveiled a new smarthphone that it hopes will woo back the many customers it lost in the past few years. Among its strategies, the company appointed singer Alicia Keys as its global creative director. But in the last few days Keys was found to be tweeting from an iPhone, one of BlackBerry's big rivals.
The economy shrank a bit in the fourth quarter and analysts are trying to figure out why. It's clear that declines in business inventories and government spending played a role, but was the real problem the narrowly averted fiscal cliff?
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