As Hewlett-Packard CEO, Fiorina Pushed Ahead — and Paid a Price
The University of Pennsylvania campus auditorium was half-empty when GOP presidential candidate Carly Fiorina strode onstage, smiling and waving with the same corner-office charisma she had showcased in hundreds of speeches around the world. The former chief executive of Hewlett-Packard had been invited to give a keynote address in November to a conference on American business — a topic she knew well, having spearheaded one of the...
Dow’s Survivor CEO Closes on Elusive Deal
There was the ill-timed merger that nearly sank Dow Chemical Co. with too much debt. Before that there was the time two trusted lieutenants plotted in secret to sell the company. And more recently, there was unwanted attention from a notorious Wall Street activist. Yet despite the tribulations faced by Dow over the past decade, its chief executive officer, Andrew Liveris, has survived to close the deal that had eluded him for almost a...
Chemical Giants in Mega Merger
Two of corporate America’s oldest institutions, chemical giants Dow Chemical and DuPont, will merge into a $130 billion behemoth — and then split again into three companies — in one of the largest megadeals of the year, the companies said Friday. Since their founding in the 19th century, both companies have invented and sold some of the most transformative discoveries in modern chemistry, changing how our homes are built and painted...
Drugmakers Announce Merger
Pharmaceutical giants Pfizer Inc. and Allergan on Monday announced a $160 billion merger that would create the world’s largest drugmaker with high-profile products such as Botox, Lipitor and Viagra, while increasing pressure on Washington policymakers to address corporate tax policy because the deal would shelter the new firm’s global earnings. Although New York-based Pfizer is the larger company, the deal is structured so that...
Time Warner Deal Expected Today
Charter Communications is close to a $55 billion deal to acquire Time Warner Cable, a merger that would create a powerful cable and broadband Internet contender in an industry long lacking competition. The companies are expected to announce their proposed merger early this morning, with Charter agreeing to pay about $195 a share for Time Warner Cable — $100 in cash and the rest in stock, according to people directly familiar with the...
