After announcing a dividend increase Monday, drug maker Eli Lilly and Co. (NYSE: LLY) said Tuesday CEO Sidney Taurel will retire on March 31 and step down as chairman of the board at the end of 2008. President and Chief Operating Officer John C. Lechleiter will take over as CEO on April 1.
Hong Kong Disneyland, held by Walt Disney (NYSE: DIS) and the Hong Kong government, which holds a majority stake, failed to meet its visitor attendance target for the second year running, a park official said Tuesday, revealing that numbers tumbled to over 4 million in its second year of operation from 5.2 million a year earlier.
Dealbook reports today that "European lawmakers say they will press the bloc's fiercely independent antitrust regulators next month to look at data privacy issues surrounding Google (NASDAQ: GOOG)'s proposed takeover of the online ad tracker DoubleClick." Gizmodo also posted about the first Google Android prototype "in the wild." But some are skeptical.
Universal Music Group and XM Satellite Radio Holdings Inc. (NASDAQ: XMSR) Monday announced they have agreed to settle a copyright infringement lawsuit over a portable music player sold by Xm that enables users to make digital copies of music. The wild ride the two satellite stocks are taking continues and after a 4.7% drop Monday, XM is up nearly 2.5% in premarket trading.
Like Lilly, Pfizer Inc. (NASDAQ: PFE) announced Monday it was raising its dividend by 10%.