American Home shares sink on verdict

Article Abstract:

American Home Products Corp.'s share value declined by 12% on August 5, 1999 following a Texas jury's decision. The jury ordered the company to pay over $23 million (21.4 million euros) in damages to a female who experienced damage to her heart valve after using the Pondimin diet drug. The jury decision was the first time that a jury in a diet drug case involving American Home came to a verdict.

Comment:

Jury orders company to pay over $23 million (21.4 million euros) in damages

Legal issues & crime, Cases, Discipline, Abstract, Wyeth

---

Bristol-Myers appoints Dolan at its president

Article Abstract:

Bristol-Myers Squibb Co. has named Peter Dolan as its next president. Dolan, the current senior vice-president of the firm, will become the expected replacement for retiring Chief Executive Charles Heimbold Jr.

Bristol-Myers Squibb Co., BMY, Jr., Charles Heimbold

---

President to leave Schering-Plough by July 15

Article Abstract:

Raul E. Cesan, the president and chief operating officer of Schering-Plough Corp., has resigned from his posts. The resignation follows reports that the company's quality control difficulties have worsened.

Schering-Plough Corp., SGP, Cesan, Raul E.

Similar abstracts:

• Abstracts: Plan to unfreeze shares wins government approval. Malaysia backs monorail. Lesson from BST's plunge
• Abstracts: Clariant shares fall after group verifies BTP talk. Clariant nears a deal to buy BTP. Clariant snaps up shares of BTP, impeding rivals
• Abstracts: Pair show how to beat U.S. bidders; acting jointly, Investcorp, Cinven win
• Abstracts: AT&T plans to market BT's Concert network. AT&T chairman received '98 pay of $6.3 million. AT&T plans to cut up to 25% of executive staff
• Abstracts: Allianz to buy venture stakes in Taiwan pair. Holzmann union lengthens workweek. Allianz gets started on major shuffle of industrial assets

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.