Business News

Workforce not back to Full Force yet

According to the Department of Labor, the United States currently has 5.4m job openings, but the number of people getting hired has yet to fully recover from the recession.  The average job is vacant for 27 days before being filled, almost double the length of time in 2009.  The length of the average interview process has also increased dramatically to over three weeks.  (WSJ)

Martha Stewart is nearing a deal to sell her business to Sequential Brands, a retail-licensing company.  Martha Stewart Living had a market capitalization of $370m on Friday, after shares surged on word of a potential deal.  (WSJ)

Greek Prime Minister Alexis Tsipras made a new offer on a reforms package to foreign creditors on Sunday, signaling eleventh-hour concessions to break a deadlock that has pushed Greece to the brink of bankruptcy.   The offer keeps alive some hopes that a last-minute deal may yet be wrangled before Athens runs out of cash.  (CNBC)

It's looking like consolidation in the energy infrastructure space may have begun.  Energy Transfer made an unsolicited $48bn bid for Williams late Sunday.  The bid represented a 25% premium over the current price, valuing the operator of 33,000 miles of natural gas pipelines at almost $50bn.  Williams quickly rejected the offer, but it could be the start of an interesting summer.  (FT)

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