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Saturday, November 21, 2009 5:55 AM

Published 11/05/2009 by Philadelphia Inquirer

Business news in brief

In the Region J&J to close 2 area sites Johnson & Johnson said yesterday that it was closing research-and-development facilities in Radnor and Chesterbrook and consolidating those operations at its Spring House site. The New Brunswick, N.J., company would not say...

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First Reported 11/09/2009 - Updated 11/10/2009 - 32 Documents

Pfizer Inc

Pfizer to downsize global R&D operations

Pfizer will shut down six research-and-development sites in the U.S. and the U.K. as it streamlines R&D operations under a merger with Wyeth. The move will result in job cuts, including 600 employees at Pfizer's facility in St. Louis.St. Louis Post-Dispatch| ... [SmartBrief - 11/10/2009]

Entities: Pfizer Inc, Wyeth Ltd, Layoffs, Mergers & Acquisitions

First Reported 11/04/2009 - Updated 11/05/2009 - 14 Documents

Chrysler readies a major tuneup

CEO Sergio Marchionne, who also runs Fiat, began unveiling Chrysler's five-year business plan yesterday. The plan includes multiple new vehicles for the Chrysler, Jeep, Dodge and Ram brands, most based on Fiat's more efficient transmissions and small ... [Columbus Dispatch - 11/05/2009]

Entities: Chrysler LLC, Sergio Marchionne, Jeep

First Reported 11/05/2009 - Updated 11/06/2009 - 12 Documents

Alfa Romeo SpA

Chrysler Brand Being Phased Out Overseas

December 31st, 1969 Wednesday marked the big unveiling of Chrysler's five-year recovery plan and while there has been a lot speculation about the company's new strategy, we can now reveal that CEO Sergio Marchionne is planning to phase out most Chrysler ... [MotorAuthority - 11/06/2009]

Entities: Chrysler LLC, Lancia, Chrysler 300, Alfa Romeo SpA, Sergio Marchionne

First Reported 11/04/2009 - Updated 11/04/2009 - 12 Documents

TIMELINE-Chrysler bankruptcy and beyond

Nov 4 (Reuters) - Fiat (FIA.MI: Quote, Profile, Research) Chief Executive Sergio Marchionne on Wednesday unveiled detailed plans intended to revive Chrysler and revamp nearly every area of its operations, saying the U.S. automaker was strengthening its ... [Reuters India - 11/04/2009]

Entities: Chrysler LLC, Bankruptcy, Sergio Marchionne, Bankruptcy Court

First Reported 11/03/2009 - Updated 11/04/2009 - 12 Documents (in Chemistry)

Chrysler LLC

US auto sales enter the "new normal"

The blog is changing its US auto sales chart, now that a year has passed since volumes collapsed last October. Year-on-year % changes become meaningless as a result. Instead, it will now show monthly volumes, on a total US basis (blue line) and for ... [Chemicals & The Economy - 11/04/2009]

Entities: Chrysler LLC, Toyota Motor Corporation, Chemical Industry

First Reported 11/04/2009 - Updated 11/05/2009 - 9 Documents

Reborn Chrysler says it will be leaner, hipper and profitable

(AFP) -Chrysler's new Italian chief said Wednesday the American icon is a leaner, more focused automaker well on its way to achieving long-term profitability and regaining its sense of style.Wearing his signature rumpled sweater, Sergio Marchionne led ... [Poten & Partners - 11/05/2009]

Entities: Chrysler LLC, Bankruptcy, Sergio Marchionne

First Reported 11/02/2009 - Updated 11/03/2009 - 9 Documents

General Motors Corporation

Report: Full recovery of US auto investment seen unlikely

WASHINGTON- Government investigators say U.S. taxpayers are unlikely to recover their $80 billion spent to save General MotorsÂ and Chrysler. The Government Accountability Office concludes that General Motors and Chrysler Group likely will not be valuable ... [One News Now - 11/03/2009]

Entities: Chrysler LLC, General Motors Corporation, Government Accountability Office, Obama Administration, Bankruptcy

First Reported 11/03/2009 - Updated 11/04/2009 - 5 Documents

Chrysler gives Marchionne chance to prove skeptics wrong

TURIN -- Tell most analysts that Chrysler Group's sales are going to rise to about 3 million in 2014 from roughly 1.5 million this year and here is the reaction you will get: No chance.That kind of skepticism is sure to follow the presentation of the ... [Automotive News - 11/04/2009]

Entities: Chrysler LLC, Sergio Marchionne, Adam Jonas, Turin

First Reported 10/29/2009 - Updated 10/30/2009 - 4 Documents

Chrysler to offer in-car live TV

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Entities: Chrysler LLC, MOPAR, Engine, Stroker

First Reported 10/29/2009 - Updated 10/29/2009 - 3 Documents

GM lender could get more Treasury funds William EhartWhen the Obama administration committed $81 billion of taxpayer money to save General Motors and Chrysler this past spring, it insisted it had no intention of bailing out the companies any furthe ... [Washington Times - 10/29/2009]

Entities: GMAC LLC, Stress Test, Chrysler LLC

First Reported 11/10/2009 - Updated 11/11/2009 - 2 Documents

Fed officials warn weak recovery won’t spur jobs (AP)

AP - Unemployment likely will remain high for the next several years because the economic recovery won't be strong enough to spur robust hiring, Federal Reserve officials warned Tuesday. Read full story ... [M0 - 11/11/2009]

Entities: Federal Reserve System, Unemployment

First Reported 10/29/2009 - Updated 10/29/2009 - 2 Documents

GMAC May Receive Yet More Aid

GMAC, the former lending arm of General Motors Co., is in talks with the Treasury Department for a third injection of taxpayer aid, a further sign of the U.S. government's entrenchment in the U.S. auto industry.The Treasury Department mandated earlier ... [CIO Today - 10/29/2009]

Entities: GMAC LLC, Chrysler LLC, Federal Deposit Insurance Corporation, General Motors Corporation

Blogs

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Chrysler scraps EV program, forsaking bailout p... [Venturebeat - 11/10/2009] When Chrysler accepted its more than $12.5 billion in government bailout funds to stave off bankruptcy, it promised to produce more fuel efficient vehicles and rush ...
Pfizer's Chemistry Head Count - Really? [Corante - 11/12/2009] A reader who's (unfortunately) in a position to know the details sends along some numbers on Pfizer's chemistry shakeout. According to his figures, Pfizer (pre-Wyeth ...
Chrysler Portfolio Segment Mix Shifting to Smal... [Green Car Congress - 11/05/2009] Projected shift in volume and segment mix. Click to enlarge.Chrysler’s worldwide product plan for 2010-2014 envisions a shift in its portfolio segment mix. Micro ...
Chrysler Disbands ENVI Electric Vehicle Group; ... [Green Car Congress - 11/08/2009] Reuters reports that Chrysler has disbanded its ENVI team, formed in 2007 to bring electric-drive vehicles and related advanced-propulsion technologies to market. ...
Pfizer's Site Closures - An Analysis [Corante - 11/11/2009] Pharmaconduct.org has another look at Pfizer's announcement yesterday, and tries to address some of the many unanswered questions left open by the company's press ...

Audio/Video

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Chrysler Aims to Pump Life Into Car Lineup [Associated Press - YouTube - 11/05/2009]
Chrysler Projects Breaking Even in 2010, Profit... [Bloomberg - YouTube - 11/05/2009]
AP Top Stories [Associated Press - YouTube - 11/04/2009]
AP Top Stories [Associated Press - YouTube - 11/11/2009]
AP Top Stories [Associated Press - YouTube - 11/12/2009]

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Business news in brief