Pfizer failure
Pfizer said its experimental Alzheimer’s disease treatment failed to prove effective in one of four high-stakes late-stage trials of the medicine.
ATMs yanked
Bank of America reduced its automated teller network almost 9 percent this year by yanking most of the devices deployed at gas stations and malls.
ShopRunner
Former Yahoo! President Scott Thompson, who left the Internet company after a controversy over his résumé, has joined e-commerce startup ShopRunner as its CEO.
Pershing exit
Bill Ackman is losing the first analyst he hired for his Pershing Square Capital. Scott Ferguson, now a partner, will leave by the end of the month to start a hedge fund that will use an activist strategy similar to Ackman’s.
News Corp.
News Corp. named Peter Rice chairman and CEO of its TV business and moved David Hill from the head of Fox Sports to a senior role in the corporate office as the company prepares to split in two. News Corp. owns The Post.