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Business Day

Sunday, May 2, 2010 Last Update: 10:11 PM ET

United and Continental Said to Agree to Merge

The airlines agreed to a $3 billion merger that creates the world’s biggest airline, people familiar with the talks said.

Kiosks for Continental Airlines next to a United Airlines check-in area at O’Hare International Airport. An all-stock merger transaction is expected to be announced on Monday.
Nam Y. Huh/Associated Press

Kiosks for Continental Airlines next to a United Airlines check-in area at O’Hare International Airport. An all-stock merger transaction is expected to be announced on Monday.

Greece Takes Its Bailout, but Doubts for the Region Persist

The bailout by the International Monetary Fund and Greece’s European partners calls for as much as $160 billion in loans over the next three years.

News Analysis

Deflation Could Stall Efforts to Revive Greece in Debt Crisis

There are serious questions about whether the harsh austerity measures Greece committed to are sustainable.

Rethinking Generic Drugs vs. the Brands

After a wide recall of children’s drugs, many parents are questioning the value, and sense of security, when buying a name brand over cheaper generic medicines.

Audiences, and Hollywood, Flock to Smartphones

The mobile-video audience is tiny, but TV and film companies foresee an increasingly wireless world — and don’t want to be left out of the picture.

Big Paydays for the Chiefs In the Media

Top executives at media companies continued to reel in multimillion-dollar pay packages in 2009, a year of widespread cost-cutting for the industry.

In New York, a Tech Incubator Becomes a Hub of Collaboration

Betaworks has fostered some big hits, like TweetDeck and Bit.ly, but it is trying to grow carefully, with a symbiotic group of companies.

Facebook Accounts for Sale, Both Fake and Stolen

Thefts in which pilfered and bogus Facebook accounts are sold in bulk — the more the friends, the higher the price — is spreading in the United States.

Google Sees a New Role for YouTube: An Outlet for Live Sports

Google has an official channel on its subsidiary YouTube for the Indian Premier League tournament. And it’s a whole new line of business.

From the Week in Review

The Spill vs. a Need to Drill

In the furor over the Gulf disaster, a hard-to-overlook fact: America needs the oil.

It’s Complicated: Making Sense of Complexity

Complexity used to be so simple. It meant progress. We liked it. Now the most intractable issues of our age, from war to finance, are tangled in ways that inspire headaches, not awe.

In and Out of Each Other’s European Wallets

Why a bailout may be unavoidable: Greece owes Portugal, which owes Spain, which owes France and Germany. And then, there’s Italy and Ireland.

Insight & Analysis

The Media Equation

A Lost iPhone Shows Apple’s Churlish Side

Apple is exhibiting a spectacular amount of tone-deafness in its handling of the case of the lost iPhone prototype.

Link By Link

In a State’s Search for Sales Tax, Amazon Raises Privacy Concerns

In a legal complaint, Amazon said that an audit meant to investigate loss of sales tax in North Carolina violated First Amendment and privacy rights.

Advertising

Maker of Pregnancy Test Finds Opportunity in Personal Stories

The First Response brand is responsible for the idea for a show, which will appear on TLC.com, about women trying to conceive.

Fair Game

Repaying Taxpayers With Their Own Cash

Senator Charles E. Grassley of Iowa says General Motors’ repayment of its federal bailout loan “appears to be nothing more than an elaborate TARP money shuffle.”

Corner Office

The C.E.O. With the Portable Desk

By picking up his computer and sitting at various places in the company, Omar Hamoui, chief executive of AdMob, says he can better communicate with employees.

Economic View

Much to Love, and Hate, in a VAT

Liberals and conservatives are again debating the efficacy and fairness of using a value-added tax to help solve the nation’s economic problems.

Preoccupations

Yes, I’m 26. And Yes, I Do the Hiring.

As a young manager, Jamie Pritscher has had to earn her employees’ respect.

Metrics

Driving Shifts Into Reverse

The latest recession has caused some big changes in American driving habits.

DealBook

Live From the Berkshire Meeting

DealBook is providing live updates from the 2010 Berkshire Hathaway shareholder meeting.

DealBook

Buffett Defends Goldman at Berkshire Meeting

The billionaire defended the investment bank at Berkshire Hathaway's annual shareholder meeting, saying he felt little sympathy for firms he thought didn't do enough of their own diligence in investing in a complex debt instrument.

Weekend Business

This week: Jeff Sommer with Gretchen Morgenson on the spin of a bailout repayment, Tim O’Brien, Julie Creswell and Nelson Schwartz on profiting from bankruptcy, and Natasha Singer on privacy and behavioral tracking.

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Off the Shelf

Microcredit? To Him, It’s Only a Start

In “Building Social Business,” Muhammad Yunus calls for an economy of businesses helping the underprivileged. But it’s difficult to see how the model can be self-sustaining.

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