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Search resuls for: "Colin Kellaher"


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☆ AbbVie to Buy Cancer Biotech ImmunoGen for More Than $10 Billion
  + stars: | 2023-11-30 | by ( Jared S. Hopkins | Colin Kellaher | ) www.wsj.com   time to read: 1 min
If the deal goes through, AbbVie would acquire ImmunoGen’s flagship cancer therapy Elahere. Photo: Brian L. Frank for The Wall Street JournalDrug company AbbVie has agreed to buy biotech ImmunoGen for $10.1 billion in a new bet on one of the most promising novel drug technologies for attacking cancer. ImmunoGen develops cancer drugs called antibody-drug conjugates, or ADCs, which work like guided missiles delivering a toxic agent directly to tumors. The technology is among the hottest areas in the pharmaceutical industry. Recent advancements have spread its use to common kinds of cancer such as breast, spawning other multibillion-dollar deals.
Persons: AbbVie, Brian L, Frank, ImmunoGen Organizations: The Wall Street Journal
☆ Cisco Systems to Buy Splunk in $28 Billion Deal
  + stars: | 2023-09-21 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/telecom/cisco-systems-to-buy-splunk-in-28-billion-deal-bb9350a5
Persons: Dow Jones Organizations: cisco
☆ Roku Cutting 10% of Staff to Rein In Rising Expenses
  + stars: | 2023-09-06 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/media/roku-cutting-10-of-staff-to-rein-in-rising-expenses-487be0cf
Persons: Dow Jones
☆ PayPal Names Intuit Executive Alex Chriss as Its Next CEO
  + stars: | 2023-08-14 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/paypal-names-intuit-executive-alex-chriss-as-its-next-ceo-ea439210
Persons: Dow Jones, ea439210 Organizations: paypal, intuit
☆ Kraft Heinz Names Carlos Abrams-Rivera as Next CEO
  + stars: | 2023-08-14 | by ( Jesse Newman | Colin Kellaher | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/kraft-heinz-names-carlos-abrams-rivera-as-next-ceo-ec02d5e7
Persons: Dow Jones, abrams, rivera, ec02d5e7 Organizations: kraft, heinz
☆ Biogen to Buy Reata Pharmaceuticals in $7.3 Billion Deal
  + stars: | 2023-07-28 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/biogen-to-buy-reata-pharmaceuticals-in-7-3-billion-deal-512adde2
Persons: Dow Jones
☆ Biogen Buying Rare-Disease Drugmaker in $7.3 Billion Deal
  + stars: | 2023-07-28 | by ( Joseph Walker | Colin Kellaher | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/biogen-to-buy-reata-pharmaceuticals-in-7-3-billion-deal-512adde2
Persons: Dow Jones
☆ New Jenny Craig Owner Plans to Bring It Back
  + stars: | 2023-07-05 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/new-jenny-craig-owner-plans-to-bring-it-back-1d422e01
Persons: Dow Jones, craig
☆ Chevron to Buy PDC Energy in $6.3 Billion Stock Swap
  + stars: | 2023-05-22 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/chevron-to-buy-pdc-energy-in-6-3-billion-stock-swap-d8835eee
☆ Chevron Doubles Down on Shale With $6.3 Billion Deal
  + stars: | 2023-05-22 | by ( Collin Eaton | Colin Kellaher | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/chevron-to-buy-pdc-energy-in-6-3-billion-stock-swap-d8835eee
☆ Legendary Real-Estate Investor Sam Zell Dies
  + stars: | 2023-05-18 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/legendary-real-estate-investor-sam-zell-dies-bbc5bde9
☆ Baxter Selling Biopharma-Solutions Arm for $4.25 Billion
  + stars: | 2023-05-08 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
Baxter expects net after-tax proceeds of about $3.4 billion from the sale. Photo: Kristoffer Tripplaar/Sipa USA/Associated PressBaxter International on Monday said it agreed to sell its biopharma-solutions unit for $4.25 billion, as the medical-products maker continues to streamline its focus. The Deerfield, Ill.-based company is selling the unit to private-equity firms Advent International and Warburg Pincus .
☆ Groupon Brings in New Finance Chief From Top Shareholder Pale Fire
  + stars: | 2023-04-13 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/groupon-brings-in-new-finance-chief-from-top-shareholder-pale-fire-e2fc8d66
☆ Trucking Giant Knight-Swift Transportation to Buy U.S. Xpress
  + stars: | 2023-03-21 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
The addition of U.S. Xpress’s 7,200 tractors and 14,400 trailers would boost Knight-Swift’s truckload fleet to roughly 25,000 tractors and 93,000 trailers. Knight-Swift Transportation Holdings Inc. is buying rival trucker U.S. Xpress Enterprises Inc. in a deal valued at about $808 million that will bolster the scale of one of the country’s largest trucking operators. Phoenix-based Knight-Swift said Tuesday it would pay $6.15 a share in cash for U.S. Xpress, more than four times Monday’s closing price of $1.50 for the Chattanooga, Tenn.-based carrier and 13% above the stock’s 52-week high of $5.44 reached last April.
☆ Some Gerber Baby Formula Recalled Due to Possible Contamination
  + stars: | 2023-03-20 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
No distributed Gerber brand baby formula has tested positive for the presence of the bacteria, says Perrigo. Perrigo Co. is recalling several batches of Gerber brand baby formula because of the possible presence of a common bacteria. The Dublin-based company said the recall involves certain lots of Gerber Good Start SoothePro powdered formula that were made in January at its plant in Eau Claire, Wis.
☆ General Motors to Offer Voluntary Buyouts
  + stars: | 2023-03-09 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
General Motors Co. on Thursday said it would begin a voluntary separation program for eligible employees, the latest in a series of auto-industry cuts as car companies coming off a period of robust profitability prepare for an economic downturn. GM said in a securities filing that it would offer lump-sum payments and other compensation based on years of service to the eligible employees under the program, which the Detroit company said is aimed at accelerating its normal attrition process.
☆ Norfolk Southern to Add 200 Temperature Sensors After Ohio Derailment
  + stars: | 2023-03-06 | by ( Costas Paris | Colin Kellaher | ) www.wsj.com   time to read: 1 min
Norfolk Southern Corp. said it plans to add about 200 temperature detectors along its tracks in the aftermath of a derailment of a train carrying hazardous chemicals in Ohio. The railroad said it would add the hot-bearing sensors to parts of its track where existing sensors are at least 15 miles apart, starting with the track west of East Palestine, Ohio. It said temperature sensors are on average 13.9 miles apart on its network.
☆ Intel Slashes Quarterly Dividend by 66%
  + stars: | 2023-02-22 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
Photo: Jason Henry for The Wall Street JournalAn Intel lab at the company’s headquarters in Santa Clara, Calif.Intel Corp. on Wednesday said it is slashing its dividend by about two-thirds as the chip maker seeks to cut $3 billion in costs this year. The Santa Clara, Calif., company said it is lowering its quarterly payout by nearly 66%, to 12.5 cents from 36.5 cents, as the board adjusts its capital-allocation strategy amid economic uncertainty.
☆ Intel Cuts Quarterly Dividend by 66%
  + stars: | 2023-02-22 | by ( Asa Fitch | Colin Kellaher | ) www.wsj.com   time to read: 1 min
An Intel facility. The company says adjusted cash flow in the first six months of the year would fall short of expectations. Intel Corp. said it would cut its dividend to conserve cash as the chip maker tries to balance the financial impact of an aggressive expansion plan with the hit from a near-term demand slump. The payout reduction by two-thirds to 50 cents annually would help the company make investments to transform itself during the current period of economic uncertainty, Intel said. The company’s annual dividend hasn’t been that low since 2007, when it was 45 cents.
☆ Fabuloso Parent Recalls Nearly 5 Million Bottles of Cleaning Product Over Infection Risk
  + stars: | 2023-02-08 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
Colgate-Palmolive Co. is recalling nearly 5 million bottles of Fabuloso multipurpose cleaning products due to the risk of exposure to bacteria, the U.S. Consumer Product Safety Commission and the company said Wednesday. The agency said the recalled products may contain Pseudomonas species bacteria, which pose a risk of serious infection for people with weakened immune systems, external medical devices or underlying lung conditions. The same bacteria was linked to another recent recall of 8 million laundry and cleaning products from The Laundress.
☆ Goodyear to Cut 500 Jobs, Warns of Earnings Shortfall
  + stars: | 2023-01-27 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
Goodyear Tire & Rubber Co. said it would cut about 500 jobs and warned that its fourth-quarter results would miss expectations amid a challenging environment and higher costs. The Akron, Ohio-based tire maker on Friday said it is shedding roughly 5% of its salaried staff around the world, joining a raft of companies trimming their head counts and tightening their belts as concerns about a slowing economy mount.
☆ Tenet Healthcare Finance Chief to Retire at End of 2023
  + stars: | 2023-01-19 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
Tenet Healthcare Corp. on Thursday said Daniel Cancelmi, executive vice president and chief financial officer, plans to retire at the end of the year. The Dallas-based hospital operator said it has launched a national search for a successor, who would be mentored by Mr. Cancelmi as part of the transition process. Mr. Cancelmi has been Tenet’s chief financial officer since September 2012. Write to Colin Kellaher at colin.kellaher@wsj.comCopyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
☆ Party City Files for Chapter 11 Bankruptcy With Plans to Cut Debt
  + stars: | 2023-01-18 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
Party City says its international units, franchise stores and Anagram foil-balloons business aren’t part of the chapter 11 proceedings. Party City Holdco Inc. and some of its U.S. units have filed for chapter 11 bankruptcy as part of the party-favor retailer’s plan to pare its debt load. The Woodcliff Lake, N.J., company said it has struck an agreement with a group holding more than 70% of its senior secured first lien notes to support an expedited restructuring that would reduce its debt and optimize its capital structure and liquidity.
☆ Party City Files for Bankruptcy With Plans to Cut Debt
  + stars: | 2023-01-18 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
Party City says its international units, franchise stores and Anagram foil-balloons business aren’t part of the chapter 11 proceedings. Party City Holdco Inc. and some of its U.S. units have filed for chapter 11 bankruptcy as part of the party-favor retailer’s plan to pare its debt load. The Woodcliff Lake, N.J., company said it has struck an agreement with a group holding more than 70% of its senior secured first lien notes to support an expedited restructuring that would reduce its debt and optimize its capital structure and liquidity.
☆ Alcoa Appoints New CFO Amid Executive Reshuffle
  + stars: | 2023-01-11 | by ( Jennifer Williams-Alvarez | Colin Kellaher | ) www.wsj.com   time to read: +4 min
Alcoa Corp. named a new finance chief amid a wider executive reshuffle as the aluminum producer faces soaring energy costs and volatile prices. Ms. Beerman succeeds current CFO William Oplinger, who will become chief operations officer next month after about six years in the top finance role. In addition, two executive vice presidents—Chief Operations Officer John Slaven and Chief Innovation Officer Benjamin Kahrs —are leaving as part of the restructuring, Alcoa said. It will “ensure continued improvement and focus on Alcoa’s strategies to operate as a low-cost, margin-focused, sustainable producer,” Chief Executive Roy Harvey said in a statement. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team.
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