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.
The White House’s directive to limit the use of software flaws by U.S. intelligence agencies could require the disclosure of thousands of precious exploits now in the hands of elite spying units, intelligence professionals say.
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.
Hackers who raided the credit-card payment system of Neiman Marcus Group Ltd. belong to a sophisticated Russian syndicate that has stolen more than 160 million credit-card numbers from retailers over seven years, according to people with knowledge of the matter.