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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Nov 24, 2015
Page
11
October saw fewer Americans buying homes with a median price of 219600, up 5.8 percent. Purchases fell in the West 8.7 percent and South 3.2 percent, while the Midwest was down 0.8 percent and the Northeast held steady.
Tyson Foods closed up 10.2 percent at 48.09 dollars after reporting quarterly revenue of 1.5 billion dollars, beating estimates by nearly 3 percent. However adjusted quarterly profit of 83 cents a share fell short of expectations by about 6 percent.
Pfizer CEO Ian Read, a Scotland born executive, leads a record 160 billion merger with Allergan to form the world’s most valuable drug company. The plan shifts HQ to Ireland to leverage lower taxes while expanding a portfolio from Botox to Lipitor and Advil, aiming to outpace European rivals and fund growth.
Pfizer’s $160 billion Allergan deal tops a list of the largest drug company mergers and acquisitions by announced value. The piece notes tax considerations, executive perspectives, and Pfizer CEO Ian Read’s background, board roles, and compensation while comparing to Sanofi, GlaxoSmithKline, and older mega-deals.
Starboard Value urged Yahoo to spin off Alibaba stake but now favors selling other assets to avoid tax. Market valued Yahoo minus Alibaba far below cash, signaling little value in non Alibaba holdings. Analysts note Yahoo trails in search and mobile ads with modest sales growth, boosting calls to pursue tax-efficient spin or hold.
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