January 2007

Pfizer Under The Gun

Tuesday, January 23, 2007

Well, Pfizer made its big news official yesterday. The company plans to cut 10,000 jobs—about 10% of the company—by the end of 2008 and close some facilities, including three research sites in the United States. The job cuts and site closings are expected to save $2 billion a year.

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Covance Rings Closing Bell at NYSE

Friday, January 12, 2007

Chairman and chief executive officer Joe Herring of the Princeton, New Jersey-based CRO Covance ran the closing bell at the New York Stock Exchange (NYSE) on Thursday. The event was to honor Covance’s tenth year as a publicly traded company. On the company 1st day of opening trading in 1997, Covance’s stock was worth $19.25 per share. Ten years later, the stock is worth more than $60 per share; closing Friday at $63.36.

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