Big Mergers Announced By General Electric, CenturyLink

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Two new mergers have been announced in the last couple of days: General Electric and Baker Hughes are moving to combine their oil and gas businesses, and CenturyLink says it will buy Level 3 Communications to create a bigger telecommunications internet-service provider.

These are just the latest moves in a string of high-profile deals announced recently. The Associated Press says U.S. companies are cutting merger deals at a record pace.

Here & Now‘s Robin Young talks with Jill Schlesinger, CBS News business analyst and host of “Jill on Money,” about the deals, and what the increase in mergers and acquisitions tells us about the economy.

Guest

Jill Schlesinger, CBS News business analyst and host of “Jill on Money.” She tweets @jillonmoney.

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