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Business: Exxon-Mobil Merger / Boeing Layoffs / Rosensweig Interview #421496

CNN Evening News for Tuesday, Dec 01, 1998
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(Studio: Judy Woodruff) The merger of oil companies Exxon and Mobil to create the world's largest company featured; details given of the pros and cons of the deal, which will have to be approved by government regulators. [Exxon's CEO Lucio NOTO - says the key is profit, not size.] The reasons for the recent slump in oil prices noted.

(Studio: Judy Woodruff) Announcement by Boeing of job layoffs due to the Asian economic crisis reported.

(Studio: Judy Woodruff) Interview held with Emory University's Jeffrey Rosensweig. [ROSENSWEIG - says the oil merger will not hurt the consumer because of the glut of oil, but many will lose their jobs in a cost-cutting operation; suggests the government's role is in retraining.]

(Studio: Judy Woodruff) CNN News special coverage of the oil merger announced.

Woodruff, Judy

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