In Boston, a billionaire entrepreneur is buying the Boston Globe. John Henry is currently the owner of the Red Sox baseball team. He says he isn't interest in trying to influence the news — including the baseball coverage.
A series of threats and abusive messages aimed at prominent women in the U.K. have placed Twitter in an awkward spot. As the company gears up to go public and expand its brand around the world, it is increasingly running into cultural and legal hurdles that challenge Twitter's free speech ethos.
The Justice Department has filed a civil lawsuit against Bank of America, alleging that the company lied to investors about the relative riskiness of the mortgage loans backing the residential mortgage-backed securities, made false statements after intentionally not performing proper due diligence and filled the securitization with a disproportionate amount of risky mortgages.
The news that billionaire Jeff Bezos has purchased The Washington Post came shortly after Red Sox owner John Henry agreed to buy The Boston Globe. That's left many scratching their heads as to why a successful businessperson would take on a paper when revenues are plummeting.
"We're a business that has been disrupted," says Washington Post executive editor Martin Baron. "I think it'll be nice to have somebody who knows how to disrupt other people and other businesses." Jeff Bezos, Baron tells Here & Now, could be that person.
Despite filing for bankruptcy, Detroit is still on track to get a $450 million hockey arena - partially funded with public money. Host Michel Martin speaks with sportswriter Dave Zirin, who calls the move 'shameless,' and David Muller, a business reporter for the MLive Media Group in Michigan.
The Justice Department, along with several state attorneys general, dealt American Airlines and US Airways an unexpected blow by seeking to block their proposed merger. The airlines say their union would increase competition, but critics fear higher prices and reduced service. Diane and her guests discuss the impact of airline consolidation on consumers and local economies.
The purchase of The Washington Post by Amazon.com founder Jeff Bezos has renewed speculation that the Times might also soon go on the auction block. Could New York City Mayor Michael Bloomberg be a potential buyer?
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