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Companies and Corporations

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Top Companies and Corporations Articles

Displaying items 67-77
  • AbbVie to buy drugmaker Shire for $55 billion

     AbbVie to buy drugmaker Shire for $55 billion
    AbbVie Inc. signed a nearly $55 billion deal to acquire drugmaker Shire PLC early Friday, a move that will allow it to substantially cut its corporate tax bill by moving its legal address to the United Kingdom. The deal, announced by both companies in a...
  • Time Warner looks at ways to counter 21st Century Fox's buyout bid

    Time Warner looks at ways to counter 21st Century Fox's buyout bid
    Rupert Murdoch's entertainment company, 21st Century Fox, pounced on its prey at an opportune moment. Over lunch in New York in early June, Murdoch's top lieutenant, Chase Carey, told Time Warner Inc. Chief Executive Jeff Bewkes that Fox wanted to buy...
  • Inversion loophole puts U.S. tax policy in a jackpot

    A merger between America's top slot-machine manufacturer and Europe's biggest gaming operator will create a gambling giant that manages lotteries and slots networks worldwide — and adds to the urgency for a political crackdown on U.S. companies...
  • Closing Notes Of Ovation Plant: Memories And Music

    Closing Notes Of Ovation Plant: Memories And Music
    NEW HARTFORD — The last guitar was long gone by late-morning Friday at the Ovation Instruments plant. Just about everyone had said farewell a few weeks earlier, when production stopped. Back on that glum day, six or eight guys had climbed up...
  • Most of Allergan's 1,500 job cuts will be in Southern California

    Most of Allergan's 1,500 job cuts will be in Southern California
    Most of the 1,500 job cuts that Botox maker Allergan Inc. announced Monday morning will be made in Southern California, the company’s chief executive said. Allergan plans to eliminate 650 research and development jobs, the bulk of them at its...
  • Time Warner adopts provision that makes hostile takeover tougher

    In a move designed to ward off a potential hostile takeover, Time Warner Inc. approved a provision that would make it difficult for dissident shareholders to force a vote on a sale or attempt a change in the board of directors. The change in the company...
  • Accretive Health's new CEO says top job is financial restatement

    Accretive Health's new CEO says top job is financial restatement
    On his first day on the job as CEO at hospital billings company Accretive Health Inc., Dr. Emad Rizk said Monday his first priority is to finish a massive restatement of the company’s finances dating back to the second quarter of 2010. Rizk, in an...
  • 'Mancow' sues over $50,000

     'Mancow' sues over $50,000
    Erich "Mancow" Muller, a longtime Chicago radio personality known for his storied and often controversial career, filed a lawsuit in Cook County Circuit Court last week claiming a North Carolina man defrauded him out of $50,000 that was to be used to...
  • McDonald's profit misses expectations in 2Q on flat sales

    McDonald's profit misses expectations in 2Q on flat sales
    McDonald’s Corp.’s CEO once again said the world’s largest restaurant company needs more time to show improvements, after missing Wall Street’s quarterly sales and profit expectations for the second consecutive quarter as it...
  • Comcast's 2Q Net Income Soars Nearly 15% On Sale of Web Services

    Comcast said second-quarter net income rose about 15% as more of its cable customers opted to take a higher degree of service to get high-speed connections to the Internet as well as other business-related products. The boost to the company's bottom...
  • Allergan to slash workforce by 1,500

    Allergan to slash workforce by 1,500
    Botox maker Allergan Inc. said Monday that it will cut 1,500 employees, most of them in Southern California, in a cost-cutting effort the Irvine company hopes will help it fight off a hostile takeover bid by a Canadian rival. Stung by criticism that it'...