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Friday, January 13, 2012 Novartis

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Novartis 1/13/2012

14:04 : JPMorgan Announces Earnings; Novartis to Cut U.S. Workforce - JPMorgan Chase & Co. (JPM) announced this morning that its fourth quarter earnings were lower by 23 percent, which analysts had expected, mainly due to the effects of the European debt crisis. Net income was $3.72 billion, or 90 ...
Source : forbes-com
12:54 : Alcon Labs parent Novartis laying off 2,000 - Swiss pharmaceutical giant Novartis AG announced Friday it would lay off 1,960 people and will take $1.22 billion in charges to prepare for generic competition to its blood pressure pill, Diovan, and lower sales potential of the drug Tekturna, ...
Source : bizjournals-com
07:29 : Stocks to Watch: Stocks to watch Friday: Novartis, Metabolix, JDA - A pair of business moves, one by a pharmaceutical giant and the other by a small company in the fledgling field of sustainable plastics, color the early headlines Friday, as investors await financial results from J.P. Morgan Chase.
Source : marketwatch-com
04:37 : Novartis (NVS) will cut nearly 2,000 U.S. jobs ahead of the patent loss ... - Novartis (NVS) will cut nearly 2,000 U.S. jobs ahead of the patent loss of top-selling blood pressure drug Diovan, and will take a $900M Q4 charge after a clinical trial showed patients taking blood pressure pill Rasilez actually did worse. ...
Source : seekingalpha-com
04:23 : Novartis to Cut 1,960 Jobs - Novartis said it will cut 1,960 jobs as it restructures its U.S. business, reflecting the patent loss of heart drug Diovan in the U.S. and the recent failure to turn high-blood pressure medicine Rasilez into a blockbuster.
Source : wsj-com
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