Medical-products company Mallinckrodt agreed to buy specialty drugmaker Questcor Pharmaceuticals for $5.6 billion Monday, a move that made Questcor investors happy but was more controversial in the Mallinckrodt camp. Mallinckrodt’s stock fell 2.5%, while Questcor’s jumped 19% to 80.58. Although Mallinckrodt (MNK) is the buyer, on the conference call with analysts the two CEOs spoke of it as a merger. The company will be renamed Mallinckrodt
When Mark Natkin meets a new business contact in Beijing, he no longer exchanges his wireless number. Instead, Natkin, hands over his WeChat contact info. Tencent-owned WeChat is a Chinese rival of WhatsApp, the messaging app Facebook (FB) is buying for $19 billion. WeChat and WhatsApp are just two of a spate of messaging and calling apps creating a ripple in the wireless industry. the apps change the way people use their phones to talk or send
Two weeks after being released from a California state prison where he spent nearly two decades, 45-year-old Kenyatta Leal was immersed in technology at a San Francisco startup. Leal had a full-time paid internship at RocketSpace, a tech accelerator that rents space and provides services to startups. The former inmate credits his employment to The Last Mile, a nonprofit that introduces inmates to business, entrepreneurship and technology, and