Word: thoughfully
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Cardinal's somewhat haphazard acquisition strategy proved difficult to manage, though. Cardinal started as a small Ohio food distributor in 1971, and eight years later, founding CEO Robert Walter moved the company into pharmaceuticals. Over the next two decades, he transformed the firm into a $75 billion conglomerate. "It was a very entrepreneurial company, founded out of the back of this Harvard Business School guy Bob Walter's car," says Lisa Gill, a JPMorgan analyst who has covered Cardinal since 1999. "People talked about Cardinal wanting to be the GE of health care...
...roadside bomb that exploded near a girls' school in northwest Pakistan killed at least eight people, including three children and three U.S. soldiers. The Taliban claimed responsibility for the attack, accusing the soldiers of working for the controversial U.S. security firm Xe (formerly known as Blackwater). Though the U.S. embassy said the American soldiers were in the region to attend the opening of the school and conduct training at the invitation of the Pakistani military, their presence has heightened concerns among Pakistanis of increasing American involvement in the volatile country...
...texts published by Macmillan, angering authors and customers. Some prospective buyers, however, sided with Amazon, vowing that they would not pay more for Macmillan e-books. The freeze began to thaw Jan. 31, when Amazon started selling certain Macmillan titles at the higher price. As of Feb. 3, though, some books were still not available as talks continued...
...President's plan to meet with Tibetan spiritual leader the Dalai Lama and China denounced the U.S.'s $6.4 billion arms deal with Taiwan. Beijing has warned against the meeting and says it will punish U.S. companies like Boeing and United Technologies for selling arms to Taiwan, even though they are obligated to do so as participants in the U.S. Foreign Military Sales program...
...sales dropped 16% in January, and the company's stock surrendered $21 billion of value in a single week. The U.S. Department of Transportation (DOT) threatened the company with fines for being slow to react to the problems--a pair of faults that can cause sudden, dangerous acceleration--even though the DOT has been criticized for the same reason. Lawyers, who are never slow to react, are swarming. One class action alleges that jammed accelerators on Toyotas have caused 16 deaths and 243 injuries. Customers who once wouldn't have thought about looking at another brand now have reason...