Kingsport Times News Wednesday, August 5, 2015
Business & Technology

Class action lawsuit filed to stop Pfizer acquisition of King Pharmaceuticals

October 14th, 2010 11:31 pm by Sharon Hayes

BRISTOL, Tenn. One day after Pfizer announced plans to buy King Pharmaceuticals this week, a class action lawsuit was filed to halt the acquisition, alleging King's directors breached their fiduciary responsibility to get top dollar for the Bristol-based

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Business & Technology

Banks seize 288,000 homes in third quarter, but challenges await

October 14th, 2010 2:26 pm by Associated Press

LOS ANGELES (AP) Lenders seized more U.S. homes this summer than in any three-month stretch since the housing market began to bust in 2006. But many of the foreclosures may be challenged in court later because of allegations that banks evicted people wit

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Business & Technology

Stocks slide after jobs, inflation reports

October 14th, 2010 12:21 pm by Associated Press

NEW YORK (AP) Stocks dipped Thursday after concerns about another disappointing report on jobs. But losses were held in check by expectations the Federal Reserve will act soon to strengthen the economy.

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Business & Technology

States' probe of foreclosures could force reforms

October 14th, 2010 4:30 am by Associated Press

WASHINGTON (AP) A joint investigation by every state and the District of Columbia could force mortgage companies to settle allegations that they used flawed documents to foreclose on hundreds of thousands of homeowners.It could take months, at least, for

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Business & Technology

More American companies moving jobs from U.S. to China, other countries

October 13th, 2010 3:35 pm by Associated Press

WASHINGTON Though some American firms are bringing overseas work back home, evidence is growing that companies are moving more jobs than ever to China and other countries a trend that could exacerbate efforts to bring down the nation's stubbornly high u

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Business & Technology

Pfizer will buy King Pharmaceuticals for $3.6 billion

October 12th, 2010 11:01 pm by Sharon Hayes

International drug maker Pfizer announced Tuesday it plans to buy Bristol, Tenn.-based King Pharmaceuticals in a deal valued at $3.6 billion in cash. The merger is expected to close in the fourth quarter this year or the first quarter of 2011. King Pharma

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Business & Technology

Unemployed find old jobs now require more skills

October 11th, 2010 11:38 am by Associated Press

WASHINGTON (AP) The jobs crisis has brought an unwelcome discovery for many unemployed Americans: Job openings in their old fields exist. Yet they no longer qualify for them.They're running into a trend that took root during the recession. Companies beca

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Business & Technology

Foreclosure freeze could undermine housing market

October 10th, 2010 11:59 pm by Associated Press

NEW YORK Karl Case, the co-creator of a widely watched housing market index, was upbeat three weeks ago. Mulling the economy while at a meeting at a resort near the Berkshires, Case thought the makings of a recovery were finally falling into place. Tod

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