GE’s inorganic growth

General Electric has bulked up on its health binge, moving to buy medical device maker Vital Signs for $860 million. Vital Signs shareholders are to get $74.50 per share in cash, a 28.4 percent premium to Wednesday’s closing price, and above the shares’ 52-week high of $61.20, reached on May 9. GE said the deal, […]

Turning the Glaxo supertanker

Diversification is the buzz word in pharmaceuticals as the feared 2010-2012 patent “cliff” looms nearer, when many of world’s top medicines lose patent protection.
New Glaxo CEO Andrew Witty, 43, is embracing the concept wholeheartedly via a bold deal with South Africa’s Aspen that takes the world’s second biggest drugmaker into generics in emerging markets and a strategy to broaden […]

Lehman’s fortune-tellers

Yesterday, UBS put out a research note saying Lehman was likely to make a sizeable asset sale, which may include the disposition of its investment management unit Neuberger Berman.
Today, Morgan Stanley said in a research note that although the bank may make a “meaningful” asset disposition, it was unlikely to sell Neuberger.
This apparent contradiction isn’t […]

Another Blow To Microsoft’s Online Ambitions: Umpteenth Reorg and Kevin Johnson To Juniper

From Silicon Alley Insider, July 23, 2008:
The head of Microsoft’s Platforms and Services Business (which includes the online business), Kevin Johnson, is

Amazon Q2: Revenue In Line, EPS Boosted By One-Time Gain (AMZN)*

From Silicon Alley Insider, July 23, 2008:
Release out: Solid quarter in a weak economy. Revenue in line, EPS through roof once including a $53 million one time non-cash gain from the sale of a European DVD business. …

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Bouncing Banks: How $11B of Losses Is ‘Good News’ on Wall St.

Financial stocks were taking a breather Wednesday, which is to be expected after the group’s ferocious rally. Heading into today, the Financial SPDR (XLF) had risen 31% in a five-day advance, culminating (perhaps) on Tuesday when huge losses were greeted

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Housing Bill: Better Than Nothing, But No Cure for Still-Ailing Market

For months, America’s politicians fiddled over housing legislation as the real estate market burned. This week, after a full-court press from Treasury Secretary Paulson and others, Congress is expected to pass related legislation.Key points of the bill, w

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Jobs’ Health Not Private: CEO Had Surgery but No Recurrence of Cancer, says NYT

Despite Apple’s claims to the contrary, Steve Jobs’ health is not a “private matter.”That fact has been on display again this week as rumors about Jobs’ health continued to circulate. In the wake of those rumors and various reports in other news

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