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Johnson & Johnson (NYSE:JNJ) has named the current Chief Executive Alex Gorsky as the new chairman of its board of directors. Gorsky will assume the chairman title and associated additional leadership responsibilities on December 28th.
McDonald’s Corporation (NYSE:MCD) intends to increase the number of outlets that offer home delivery services to 250 locations by the end of next year, as Yahoo Japan (NASDAQ:YHOO) and Lawson will jointly introduce an online food delivery service in January, according to the Nikkei.
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Merck & Co. (NYSE:MRK) will go forward with plans to take a pill into a Phase II/III evaluation with patients who suffer from mild-to-moderate stages of Alheimer’s, although a number of competitors have experienced setbacks with Alzheimer’s compounds of late. One analyst calls the move speculative, but the decision exhibits a continuing willingness to place big bets on tackling the disease for a supremely lucrative payoff.
JPMorgan Chase & Co. (NYSE:JPM) is recasting responsibilities of some of its executives in corporate and investment banking following a July decision to form two key business segments into one. A Tuesday employee memo from the two co-chief executives of JPMorgan’s recently combined Corporate & Investment Bank, provided to Reuters, raises the profiles of two emerging markets specialists and leaves an ambiguous status for Greg Guyett who was chief executive officer of the company’s world corporate bank. The memo detailed the integration of coverage of banking clients under two men: Jeff Urwin, who will continue as global head of investment banking, and Don McCree, the worldwide head of treasury services who will now also manage corporate banking.
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