Pfizer Inc.

Recent Events

News & Analysis

investment and pfizer inc. - All News and Analysis

• Pfizer Scientist Stabbed Wife After Job Loss, Police Say

  BNET - 2009-11-18

  A former Pfizer PFE employee who lost his job and “was convinced he could not provide for his family any further,” has been charged with stabbing his wife, according to police. Pfizer is in the process of laying off 19,500 employees in its merger with Wyeth. Asbill was involved in...

  Tags: Job, Pfizer Inc., Job Loss, Recruitment & Selection, Mergers & Acquisitions, Human Resources, Workforce Management, Investment, Finance, Jim Edwards

• As Tax Breaks for Pfizer End, Jobs Disappear

  BNET - 2009-11-16

  As Pfizer PFE reorganizes after its merger with Wyeth, municipalities are finding that the tax deals they once struck to keep the drug giant in town are having short-term advantages at best and, at worst, no effect at all. Pfizer must make 19,500 layoffs across its empire to make the...

  Tags: Job, Merger, Pfizer Inc., Tax Break, Mergers & Acquisitions, Taxes, Free Trade, Personal Finance, Investment, Finance, Financial Planning, Jim Edwards

• Pfizer's R&D Cuts Render Kelo v. New London Eminent Domain Case a Waste of Time

  BNET - 2009-11-10

  Pfizer PFE will close its New London, Conn., site and consolidate operations there at the nearby Groton, Conn., site in a swathe of R&D closures as the company seeks 19,500 job cuts in the wake of its merger with Wyeth. Pfizer's abandonment of its plans for New London render moot...

  Tags: R&D, Pfizer Inc., Connecticut, Research & Development, Mergers & Acquisitions, Business Operations, Investment, Finance, Jim Edwards

• Pfizer Aiming for 30,900 Layoffs Through 2012

  BNET - 2009-11-06

  Pfizer has laid off 26,300 employees since 2005, and hopes eventually to lay off a total of 30,900 through 2012, according to its 10-Q filing with the SEC. The company had several rounds of layoffs before its acquisition of Wyeth in an attempt to get $6 billion in annual savings...

  Tags: Wyeth, Layoff, Pfizer Inc., Workforce Management, Mergers & Acquisitions, Human Resources, Investment, Finance, Jim Edwards

• Pfizer Unveils Shiny New "Leaping" Logo

  BNET - 2009-11-05

  Pfizer PFE, fresh from consummating its merger with Wyeth WYE, has unveiled a new logo. Don't get too excited -- it looks a lot like the old logo. by Jim Edwards

  Tags: Logo, Pfizer Inc., Mergers & Acquisitions, Investment, Finance, Jim Edwards

• Pfizer Q3: Healthy Profit Masks Revenue Decline

  BNET - 2009-10-20

  This merger with Wyeth can't come soon enough for Pfizer. The company's revenues were down 3 percent to $11.6 billion in Q3 2009, although net income was $2.8 billion up 26 percent. That healthy profit growth masks the reality of Pfizer's business: Of all its drugs, only four saw growth....

  Tags: Revenue, Pfizer Inc., Operational Accounting, Mergers & Acquisitions, Finance, Investment, Jim Edwards

• Pfizer Closes Bridgewater Site; Clock Ticks on CT Tax Deal; Layoffs All Over

  BNET - 2009-10-15

  As Pfizer decides how to cut 19,500 jobs in its merger with Wyeth, which closed today, the clock is ticking at its New London campus on a tax deal that gives the company an 80 percent reduction in its municipal bill. by Jim Edwards

  Tags: Layoff, Pfizer Inc., Mergers & Acquisitions, Taxes, Workforce Management, Free Trade, Personal Finance, Investment, Finance, Financial Planning, Human Resources, Jim Edwards

• Pfizer's Silence on Post-Wyeth Merger Job Cuts, Site Closures Has Everyone on Edge

  BNET - 2009-10-09

  Pfizer is driving everyone nuts with its silence on which sites, offices and labs it will close following its merger with Wyeth. Even the Connecticut governor doesn't know what Pfizer's plans will be, even though the state has two sites -- Groton and New London -- and 5,000 jobs at...

  Tags: Pfizer Inc., Mergers & Acquisitions, Research & Development, Recruitment & Selection, Federal Government, Investment, Finance, Business Operations, Human Resources, Workforce Management, Government, Jim Edwards

• Pfizer Stock Shrugs Off $2.3B Bextra Fine; Can Anything Deter Off-Label Promotion?

  BNET - 2009-09-08

  Pfizer's $2.3 billion settlement with the government over its mismarketing of Bextra is significant, but a look at other liabilities and settlements suggests that stock prices are unaffected by government discipline of off-label marketing. by Jim Edwards

  Tags: Pfizer Inc., Stock, Settlement, Government, Litigation, Vertical Industries, Investment, Business Operations, Finance, Jim Edwards

• In Pfizer-Wyeth Merger Suit, It's Capitalism v. Socialism

  BNET - 2009-08-25

  The suit filed by various pharmacies to block the Pfizer-Wyeth merger is worth reading if you want to put in context the sheer size of the merger. It also delineates a faux conflict between the forces of capitalism pharmacies and socialism drug companies. by Jim Edwards

  Tags: Wyeth, Capitalism, Merger, Pfizer Inc., Pharmacy, Mergers & Acquisitions, Investment, Finance, Jim Edwards