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Johnson & Johnson said Tuesday that it plans to cut up to 7% of its roughly 117,000-person workforce, or about 8,200 jobs, in an effort to save between $1.4 billion and $1.7 billion a year in costs.
Tony Daltorio, Investment U Research
Pharmaceutical companies have launched themselves into the fall season with a vengeance, gobbling up acquisitions like dots on a Pac-Man board.
The most notable recent buyout was a deal that sees Abbott Laboratories (NYSE: ABT) expand both its product range and its presence in notable emerging nations with [...]
A flurry of mergers-and-acquisition deals in the pharmaceutical and technology industries Monday sparked a sharp market rally, snapping a three-day losing streak and giving stocks to their biggest gains in five weeks.
The pickup in merger activity bolstered arguments that mergers and acquisitions (M&A) are rebounding from the biggest slump in six ...
Xerox (XRX) is buying Affiliated Computer Services (ACS) for $6.4 billion or $63.11 per share, equaling $18.60 in cash plus 4.935 Xerox shares for each ACS share owned.
Johnson & Johnson (JNJ) said they have purchased 18.1% of Crucell (CRXL) for $440 million, a 30% premium to Friday’s close.
Kraft Foods (KFT) is likely ...
Major market ETFs, including the SPY, DIA, UYG and others, are mostly firmer, getting a boost from the broader market on mergers and acquisitions news. Stocks are so far setting up for early gains, after Xerox (XRX) says it will buy Affiliated Computer Services (ACS) in a $6.4 billion deal and a handful of healthcare companies made some smaller purchases.[More...]
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Johnson and Johnson and Crucell Announce Strategic Collaboration to Develop Innovative Products, Including Therapies for Influenza Prevention and Treatment Archive for CRXL