Business News

Pfizer offered Wyeth a 15% premium for its shares in this deal worth $68 Billion. That’s billion, with a “B.” Pfizer has to borrow $22.5B from a huge clump of banks in order to finance the deal. This comes after Pfizer announced a 90% drop in quarterly net profit. They claim [...]

After 70 years of tearing up the world with efficiency, sensibility, and the Toyota Production System, Toyota for the first time ever has forecast an operating loss. Sounds bleak, but don’t forget they sold 7 million cars worldwide in the first 9 months of the year.
Toyota has a “zero layoffs” policy, which they embrace [...]