Pfizer Decides to Not Break Up Business

The pharmaceutical company, Pfizer, has decided to not break up into two publicly-traded companies, ending Wall Street speculation regarding the company’s future for now. Pfizer announced Monday (today) that they believed they can maximize their shareholder value as the company is now, but “it reserves the right to split in the future if the situation changes.” Their original discussion… Continue reading Pfizer Decides to Not Break Up Business

Greek Austerity Risks Depression

The Greek economy has shrunk by 18.4% in the last four years and is expected to shrink an additional 4% in 2013 alone.  Economists have cited the fact that strict austerity measures have destroyed tax revenue contributing to the decline.  If the International Monetary Fund’s prediction of a 4% decline in the following year prove… Continue reading Greek Austerity Risks Depression