ImClone is working towards what could be a dramatic climax to the battle over who will win its favors. The company has let it be known that it has a mystery suitor that could pay more than $6 billion to acquire …
Archive for September, 2008
Retailers get set for a frugal holiday shopping season
by Alexandra Biesada, September 29, 2008, 7:00 amThe National Retail Federation released its annual holiday forecast on Tuesday and the news was not good. The NRF projected sales gains of just over 2% for November and …
Alitalia and the United States of European Airlines
by David Woodruff, September 26, 2008, 7:00 amBarring a last-minute rescue of bankrupt Alitalia, Italy could be without a major international airline to call its own. Alitalia is suffering from some of the same trouble as the rest of …
Observations on executive pay and other financial failings
by Patrice Sarath, September 25, 2008, 7:00 amWhat if CEOs of public companies only got paid in stock? And when they retire, they can cash it all in. Sure would be an incentive to run a company responsibly, right? And if there’s stock manipulation and mismanagement a la …
Is “Drill, Baby, Drill” the answer to high gas prices?
by Stuart Hampton, September 24, 2008, 7:00 amAt the 2008 Republican National Convention, former Maryland Lt. Gov. Michael Steele started the chant at the end of his keynote address, and former New York City mayor Rudy Guiliani picked up on it. Drill, Baby, Drill. It went down big …
Hostility stalks the semiconductor industry
by Jeff Dorsch, September 23, 2008, 7:00 amHostile takeovers have never been common in the high-tech industry, but they’ve become more frequent since Oracle was able to roll up PeopleSoft in 2005.
The semiconductor business now is witnessing two hostile takeover bids. You may have seen that Samsung Electronics is targeting …
FDA takes aim at generic drug imports — and Ranbaxy
by Anne Law, September 19, 2008, 6:30 amThe FDA, seeking to build up its reputation for protecting the public, is asserting greater authority over drug imports, and the target this time is Indian pharmaceutical firm Ranbaxy.
India’s top …
A Longs shot for Walgreen and CVS
by Alexandra Biesada, September 18, 2008, 6:30 amThe rivalry between the nation’s two leading drugstore chains –- Walgreen and CVS –- is heating up as they battle for one of the last big prizes …
Has Bank of America bitten off more than it can chew?
by Patrice Sarath, September 17, 2008, 6:00 amBank of America has barely had a chance to swallow Countrywide Financial, and now it has agreed to buy Merrill Lynch.
Is Bayer HealthCare (the maker of …
