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According to Bickford’s Vice President Kevin Lynch, the company intends to maintain its headquarters on that site for the near future and has signed a lease agreement with the University. He declined to specify how long the lease will...
...have no intention of leaving right away,” Lynch said...
...firm, Zimmer Holding. Investors are thrilled, because all the activity suggests that the stock-market recovery of the past few weeks will continue. "It's exactly the sort of thing that should happen around the trough of the market," says Michael Hartnett, head of European equity strategy at Merrill Lynch in London. "If companies see value, then we should see value. It has to be good for sentiment." Some entire sectors, such as biotech (see next story), seem reignited. No, we're not reliving the frothy days of 2000, when there were almost 20,000 mergers and acquisitions valued...
...takeover of U.K. rival Vernalis by British Biotech - a onetime industry star brought low by product failures - only amounts to a merger of lossmakers in a market that right now prizes product over promise. Europe's biotech companies have a total market capitalization of $26 billion, according to Merrill Lynch, but in terms of close-to-market treatments, says the company's Erica Whittaker, "there's very little going on to drive sales or earnings." Turning the corner on profits is more critical than ever, because large drug companies have tired of taking big risks in biotech and tend...
...INDICATORS It's Your Own Fault The hopes of revenge-seeking tech investors were dashed when U.S. courts threw out two class actions against Merrill Lynch, dismissing claims that the investment bank's misleading research caused them to lose money...