Business viewpoints from the editors at Hoover's
Doctors and pharmacists are increasingly writing and filling prescriptions for generic drugs — while scripts for patent-protected pharmaceuticals are declining — according to a study released this week by the [...]
June 2013
When Marathon Oil‘s chairman and CEO, Clarence Cazalot, retires at year’s end, the company will be moving Exxon Mobil veteran Lee Tillman into his executive slot. Cazalot has been in charge at Marathon since 2002, while Tillman has served as VP of engineering at Exxon for three years and worked there since 1989. A director, Dennis Reilley, will become Marathon’s chairman.
June 18, 2013
A battle may be emerging over Kabel Deutschland, Germany’s biggest cable company. Last week British telcom giant Vodafone said it had approached Kabel Deutschland about a potential takeover. Now Liberty Global has reportedly bid some $10 billion for the firm. Liberty Global already owns Germany’s second-largest cable company, and it also bought Virgin Media for $16 billion earlier this year as part of its European expansion. Whoever gets Kabel Deutschland would gain 8.5 million paying households and potential customers for combined landline, mobile, and TV subscriptions in Europe’s biggest telecommunications market.
June 17, 2013
Those in the legal profession are carefully watching a trend of declining law school applicants. In 2013, law school applications fell by more than 13 percent, marking the third year in a row that numbers dropped, according to the Law School Admission Council. Factors involved in declining interest in the field include lower salaries for first-year associates, layoffs in firms as a result of the financial crisis, and an oversupply of lawyers currently in the field. If the trend continues, law firms will be competing for fewer top graduates. Read more trends in our Legal Services profile.
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