Spring Is In the Economy, British: The Americans Are Coming! and Romancing Rupert Murdoch

Spring boom…

Image courtesy of graur razvan ionut/FreeDigitalPhotos.net

Image courtesy of graur razvan ionut/FreeDigitalPhotos.net

Spring is definitely in the air at the…Bureau of Labor Statistics, anyways. It reported that a whopping 288,000 jobs were created in April, springing way past analysts estimates of 210,000. That’s the highest number in two years. Figures like that mean people are hiring other people! Which means that when people get jobs, they get money. When they get money, they spend it. Then…Well you get the picture. And this despite the irritating news that the number of people filing for unemployment grew for the third straight week. Even unemployment hit a nice 6.3% low, which hasn’t been seen in six years! The economy isn’t just stable it’s…vroom vroom vroom accelerating.  A word that is music to any stagnant economy’s metaphorical ear.

Pfreakin Pfizer…

Image courtesy of amenic181/FreeDigitalPhotos.net

Image courtesy of amenic181/FreeDigitalPhotos.net

You might think $106 billion dollars is a lot of money. Actually it’s an astronomical amount of money! But British drug company AstraZeneca (AZN) doesn’t think so. At least when its being offered to them by its New York based competition, Pfizer (PFE). In its very British way AstraZeneca said the amount was “inadequate” and then added that the terms in the proposal “substantially undervalue AstraZeneca and are not a basis on which to engage with Pfizer.” Man, that was proper. Pfizer, known for drugs like Viagra and cholesterol reducer Lipitor, wants to buy out its rival who it feels its offer is actually quite generous. Potatoes. Puhtatoes. If this takeover, hostile or otherwise, should occur, it would be the biggest foreign takeover in drug company history. Yes “drug company history” is a real thing. But the Brits are not cool with any takeover, especially of its crown jewel, AstraZeneca because they feel it would put a nasty crimp in their economy. Coincidentally, Pfizer’s chairman and CEO, Leif Johansson, is a British chap himself.

Newsie romance…

Image courtesy of dan/FreeDigitalPhotos.net

Image courtesy of dan/FreeDigitalPhotos.net

You know Harlequin Romance novels? It’s those books you’d never admit to reading. But clearly you do since Rupert Murdoch’s News Corp (NWS) saw that it was worth buying its company, Harlequin Enterprises, from Canada’s Torstar Corp. for $415 million…in cash. Harlequin Enterprises must have a huge following (and I’ll bet the farm you’re part of it) since they are published in 34 languages in over 100 international markets. With approximately 1300 authors spinning out 110 titles a month, the company pulled in $372 million in revenue last year. And that’s how you spell romance.

One response to “Spring Is In the Economy, British: The Americans Are Coming! and Romancing Rupert Murdoch

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