Posted on November 5, 2009 at 4:12 PM
Filed under: Careers | Divesting and Restructuring | Middle market | Movers & Shakers | People | Trends
Tagged: Don Dodge , job cuts , Johnson & Johnson , layoffs , Microsoft Corp. , Nokia Siemens

Corporate layoffs are churning this earnings season, with companies trying to cut costs while growing their core businesses. We've gathered a list of pink slippers from the past couple weeks. Of course, aggressively cutting costs is only one side of recent corporate strategy. Downsizing while acquiring has been a frequent...  Continue reading

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Posted on November 4, 2009 at 5:04 PM
Filed under: Acquisitions | Careers | Integration | Movers & Shakers | People
Tagged: Merck , Schering-Plough

Merck & Co. (NYSE:MRK) closed its $41.1 billion acquisition of Schering-Plough Corp. (NYSE:SGP). The deal makes Merck the world's No. 2 drugmaker behind industry juggernaut Pfizer Inc. (NYSE:PFE), which had its own Day One on Oct. 16 after its $68 billion acquisition of Wyeth. Now that Merck and Schering-Plough...  Continue reading

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Posted on November 4, 2009 at 9:14 AM
Filed under: Movers & Shakers
Tagged: Chad Holmes , Charles River Associates

Is CRA International Inc. (NASDAQ:CRAI) ready to contribute to the consolidation underway in the business consulting sector? The firm on Tuesday reshuffled its management, including promoting an internal executive to the top corporate development job.  Stepping into the dealmaker role is Chad Holmes, who has worked in the corp dev...  Continue reading

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Posted on November 3, 2009 at 4:11 PM
Filed under: Acquisitions | Careers | Corporate Strategy | Divesting and Restructuring | Movers & Shakers | People
Tagged: earnings , job cuts , Johnson & Johnson , M&A , William Weldon

Two weeks after Johnson & Johnson (NYSE:JNJ) reported mixed earnings, which tugged stocks downward, the world's biggest healthcare company is looking to cut costs. Those cuts include 7,000 to 8,000 layoffs, mostly overseas.J&J chief executive William Weldon (pictured) said in a statement, "These types of changes are difficult under any...  Continue reading

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Posted on November 2, 2009 at 10:12 AM
Filed under: Acquisitions | Best Practices | Careers | Integration | Movers & Shakers | People | Slides
Tagged: Andrew Hindman , Jeurgen Lasowski , Onyx Pharmaceuticals Inc. , Proteolix Inc.

When Onyx Pharmaceuticals Inc. (NASDAQ:ONXX) bought Proteolix Inc. on Oct. 12, (The Deal Pipeline subscription required) it was the first-ever acquisition for the 17-year-old Emeryville, Calif. firm. And in an industry underpinned by licensing deals, Onyx has only signed two, both coming in 2008. Rather than look outside for growth,...  Continue reading

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Posted on October 29, 2009 at 8:35 AM
Filed under: Movers & Shakers
Tagged: Marvin Wheeler , Terremark Worldwide Inc.

Terremark Worldwide Inc. (NASDAQ:TMRK) has promoted Marvin Wheeler to chief strategy officer. Wheeler previously was COO and president of the U.S. commercial business. The IT infrastructure services and data center company -- which offers hosting, disaster recovery, cloud computing, security and other services to clients --  is hoping to strengthen...  Continue reading

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Posted on October 26, 2009 at 12:11 PM
Filed under: Movers & Shakers
Tagged: Healthcare Insight , Larry Schor

Healthcare Insight has hired Larry Schor as its corporate development officer. Schor will lead strategic planning and oversee growth initiatives, including M&A and alliances. HCI, a division of Verisk Healthcare Inc., provides fraud prevention claims processing software and services to insurers, health plans, managed-care organizations, Medicaid and Medicare. With waste...  Continue reading

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Posted on October 26, 2009 at 10:04 AM
Filed under: Careers | Corporate Strategy | Divesting and Restructuring | Growth Strategy | Joint Ventures and Alliances | Movers & Shakers | People
Tagged: Carl Icahn , Carol Bartz , earnings , GeoCities , Google , Jerry Yang , Microsoft , Roy Bostock , Yahoo!

Icahn has bid adieu to Yahoo!. Months after publicly battling management to sell the company to Microsoft Corp. (NASDAQ:MSFT), billionaire activist investor Carl Icahn quietly announced his resignation from Yahoo! Inc.'s (NASDAQ:YHOO) board on Friday. The Deal Pipeline (subscription required) has more details on the Microsoft-Yahoo! search deal and earnings.Yahoo!...  Continue reading

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Posted on October 21, 2009 at 4:07 PM
Filed under: Movers & Shakers
Tagged: Andrew Siegel , Yahoo! Inc.

Yahoo! Inc. (NASDAQ:YHOO) has hired former General Electric Co. (NYSE:GE) executive Andrew Siegel as vice president of corporate development. Siegel was previously a corp dev manager at GE and a senior managing director for the company's finance arm GE Capital. Siegel's focus, according to this Wall Street Journal article on...  Continue reading

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Posted on October 21, 2009 at 4:00 PM
Filed under: Acquisitions | Best Practices | Corporate Strategy | Growth Strategy | Movers & Shakers
Tagged: Diebold Inc. , earnings , GE Security , George David , Greg Hayes , Louis Chênevert , Rockwell Collins , United Technologies

Industrial conglomerate United Technologies Corp. (NYSE:UTX), schlepping through the economic downturn with a restructuring program that cost it 15,000 jobs and $800 million this year, plans to "keep a lid on costs until it sees revenues solidly returning," CFO Greg Hayes said to analysts. The Hartford, Conn., company expects a...  Continue reading

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