Word: saporito
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...from Wonder bread to Ben & Jerry's has gotten more expensive. Some economists predict that food price inflation, which has averaged a moderate 2.4 percent increase for the last few years, will surge as high as 7 percent by the end of the year. TIME's business editor Bill Saporito reports that while food prices are going up, their overall effect on inflation will be balanced out by lower energy prices. "You'll see the biggest price increases in foods consisting mostly of the commodities that are in short supply," says Saporito. "For example, ice cream prices are rising because...
...Bill Saporito. Reported by Jane Van Tassel/New York
...skyrocketing and wages are stagnating. The issue came to the forefront in January, when AT&T laid off 40,000 workers, and promptly saw its stock price rise. Just this week, ConAgra's stock rose nearly 18 percent the day after announcing 6,500 layoffs. TIME Business Editor Bill Saporito reports that companies will keep downsizing as long as they see their profit margins rise. "As Clinton hands out awards, the same old stuff keeps happening," Saporito says. "You're not going to put an end to restructuring as long as companies continue to be in the mode to redeploy...
...Bill Saporito. Reported by Michael Brunton/London
...care. Last November, Aetna announced that it was selling its property-casualty operations for $4 billion to Travelers Group in order to focus more on health care. Aetna's purchase of U.S. Healthcare is part of a larger shift in the industry toward vertical integration, says TIME's Bill Saporito, and the deal probably will be scrutinized closely by federal regulators. By merging with a leader in managed health care, Aetna will gain leverage over other players in the industry, such as physicians and pharmaceutical companies, says Saporito. Aetna will pay $34.20 in cash and .2246 of a share...