Pompano Beach, FL -- (SBWIRE) -- 01/15/2013 -- The Broadcasting and cable TV giant Sirius XM Radio Inc. (NASDAQ:SIRI) previous Chief Executive Officer Mel Karmazin, who departed the firm in 2012 following Liberty Media Corp. declared initiatives to take control of the firm, reported that he wants to operate another media firm.
Karmazin, 69, is in his “second retirement” after an earlier “move out” from corporate management in 2004, and he intends to have a third, he stated in a CNBC interview on Tuesday.
He stated that he was looking for a public firm with a self-governing board and has not found any chance that satisfies him yet.
What was investors’ response for this announcement? Find in this report
Sirius (SIRI) shares rallied 59 percent in 2012 as auto sales took a bright turn. Sirius radios come pre-installed in almost two-thirds of latest cars. Sirius ranked James E. Meyer as interim CEO in December.
Largest drug maker, Pfizer Inc. (NYSE:PFE)’s four business divisions might be merged into two, a chief source reported, causing speculation by experts that the world’s largest drug maker is getting ready to divide in half.
Pfizer’s units surround oncology, primary care, specialty drugs, and supposed established products, which are drugs that have lost patent protection and are sold next to generics.
What experts have to say about this units shuffle? Click here to reveal
The likely shakeup sketched by Germano might be another step toward a division by Pfizer (PFE) two to three years from now, Mark Schoenebaum reported, an ISI Group Inc. expert.
Shares of Pfizer (NYSE:PFE) were moving towards gravity after the news and were just below the trend line at 2:12 PM EST with negative change of -0.82%.
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