Merck & Co. ’s Kenneth C. Frazier , named today as chief executive officer of the second-biggest U.S. drugmaker, vowed to develop innovative products and increase sales in emerging markets in his new post.
Argent Energy Trust, seeking to buy Texas energy assets, is leading the charge of companies planning initial public offerings in a revival of what was once a C$200 billion ($197 billion) high-yield equity market in Canada.
Brookfield Office Properties , lower Manhattan’s biggest office landlord, said first-quarter funds from operations rose 14 percent as the Australian properties it acquired last year contributed to income.
When Pfizer Inc. abandoned a cholesterol pill four years ago after spending $1 billion to develop it, Richard Clark , Merck & Co. ’s chief executive officer, was tempted to give up on a similar drug in testing.
Dubai International Capital LLC hired five executives from Deloitte & Touche LLP as the private equity firm seeks to increase the value of its investments in companies including Mauser AG and Doncasters Group Ltd.