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 12:42 PM
Filed under: Divesting and Restructuring | Middle market | People
Tagged: Chapter 11 , FTI Capital Advisors , Halcyon Holding , Joss Whedon , Sony Pictures , Terminator

The auction isn't slated to happen until later this month (reportedly), but the multimillion dollar "Terminator" movie franchise has its first formal bidder ... sort of. It's not a major film studio such as Sony Pictures or an investment fund; it's filmmaker and writer Joseph Hill "Joss" Whedon. He made...  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 4:14 PM
Filed under: Acquisitions | Case Studies | Deal International | Growth Strategy | People
Tagged: Cisco Systems , Ernst & Young , Ned Hooper , Tandberg

Following weeks of speculation about how Cisco Systems Inc. (NASDAQ:CSCO) might react to Tandberg ASA shareholders who are carping about the networking giant's $3 billion offer for the company, Cisco's strategy chief Ned Hooper came out with a blog post Monday with a bit more detail as to why...  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 28, 2009 at 10:24 AM
Filed under: Careers | Divesting and Restructuring | Law | People
Tagged: Anheuser-Busch InBev , Francine Katz , John E. Jacob

The former most powerful woman at Anheuser-Busch InBev SA (NYSE:BUD) has a beef with the brewing giant. Francine Katz, former vice president of communications and consumer affairs, is suing Anheuser, claiming it promotes a "locker room" and "frat-party" atmosphere, and pays women less in salaries and bonuses than men for...  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 14, 2009 at 2:50 PM
Filed under: Careers | Corporate Strategy | Divesting and Restructuring | Integration | Movers & Shakers | People
Tagged: Anheuser-Busch , PepsiCo

It's true. PepsiCo Inc. (NYSE:PEP) and Anheuser-Busch InBev SA (NYSE:BUD) will purchase goods and services together -- "effectively managing costs that can be reinvested back into areas that will grow their businesses." Many corporate giants have restructured their businesses to cut costs and invest in growth areas, but this...  Continue reading

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Posted on October 14, 2009 at 10:12 AM
Filed under: Careers | Movers & Shakers | People | Slides
Tagged: Edward Swallow , Northrop Grumman Corp. , Tasc

Northrop Grumman Corp. (NYSE:NOC) has named Edward Swallow as vice president of business development for the defense contractor's civil systems division. Swallow (pictured) previously was VP of business acquisition process and proposal operations for the information systems sector, which Northrop is downsizing in response to concerns of conflicts of interest. Los...  Continue reading

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