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, […]
Posted on July 24th, 2008 by
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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 […]
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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 […]
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From Silicon Alley Insider, July 23, 2008:
The head of Microsoft’s Platforms and Services Business (which includes the online business), Kevin Johnson, is
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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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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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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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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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