Eager to dispel doubts about the difficulties of executing Pfizer Inc.’s $68 billion tie-up with Wyeth, Pfizer’s CEO said it will be done more like microsurgery than just stitching two huge corporations together. Jeffrey Kindler has spent two years transforming Pfizer into smaller, entrepreneurial research and marketing business units,...

US President Barack Obama has said he wants to avoid economic stimulus measures that would signal protectionism or spark a trade war. Mr Obama was responding to international criticism of a “Buy American” clause in the $800bn (£567bn) US economic recovery package. The clause seeks to ensure that only...

John Thompson, outgoing chief executive of security company Symantec, is being considered for the post of secretary of the U.S. Department of Commerce, according to a news wire report on Tuesday. “He (Thompson) is the leading candidate,” Reuters quoted an unidentified senior Democratic source as saying. “He is still...

Brand-new Chief Executive Carol Bartz deserves exactly zero blame or credit for the fourth-quarter financial results Yahoo will announce Tuesday afternoon, but the judgment of her abilities will begin in earnest when she bears the Internet pioneer’s tidings. That’s because Bartz so far has spent only 20 minutes on...

Some financial analysts believe that Europe might have reached its economic low point, with recovery on the way. But economists say they are waiting for some key statistics which will be released next week. The 16-member euro zone might still be in the grip of a severe economic slump,...