Pfizer to buy Wyeth in 68 billion deal reshaping future
Pfizer plans to acquire Wyeth for 68 billion dollars to diversify away from a shrinking drug pipeline. The move promises higher revenue and profit and a rapid shift in strategy, even as Pfizer faces a 90 percent income drop a large charge and immediate job cuts.
MENTIONED IN THIS ARTICLE
Trenton
N.J
Pfizer Inc
No. 12
Wyeth
Pfizer
U S Mint Unveils Washington DC Quarter Honoring Ellington
The U S Mint released a new Washington DC quarter featuring Duke Ellington at his piano. The coin includes the city's motto Justice for All and honors the Wash ington native and jazz great.
MENTIONED IN THIS ARTICLE
Washington, D.C
U.S
Washington
Duke Ellington
Impeachment Trial Opens Without Blagojevich
Illinois Governor Rod Blagojevich skips the proceedings spending the day in New York on morning TV. Chief Justice Thomas Fitzgerald presides as if Blagojevich pleads not guilty. Blagojevich accuses Illinois lawmakers of fixed rules and denies wrongdoing.
MENTIONED IN THIS ARTICLE
Springfield
Ill
Rod Blagojevich
New York
Illinois Supreme Court
Thomas Fitzgerald
Blagojevich
Fitzgerald
Senate
ABC
Sprint Nextel to Cut 8 000 Jobs Amid Cost Push
Sprint Nextel plans an 8000 job reduction representing about 14 percent of its workforce as it aims to trim annual costs by 1.2 billion dollars. Voluntary separations account for roughly 850 positions and a first quarter charge of over 300 million dollars for severance and related costs.
MENTIONED IN THIS ARTICLE
Kansas City
Sprint Nextel Corp
Dan Hesse
Sprint
Medvedev and Obama vow to improve U S relations
Russian President Dmitry Medvedev and U S President Barack Obama spoke by phone to improve strained Moscow Washington ties. Both leaders pledged to apply all efforts to restraining the potential of Russian American relations and take a constructive approach to resolve disputes. Icelandic Prime Minister Geir Haarde addressed journalists in Reykjavik.
MENTIONED IN THIS ARTICLE
Moscow
Dmitry Medvedev
U.S
Barack Obama
Washington
Kremlin
Medvedev
Obama
Iceland collapses coalition over finances and protests
In Reykjavik on Monday the coalition government fell after broad public dissent. Prime Minister Geir Haarde resigned and disbanded the government he led since 2006, amid pressure from the Social Democratic Alliance party during the financial crisis fallout.
MENTIONED IN THIS ARTICLE
Reykjavik
Iceland
Geir Haarde
Haarde
Social Democratic Alliance Party
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