The following corporate finance-related stories were reported by media on Wednesday: * Pfizer Inc plans to cut about 20 percent of its sales force for primary-care drugs, Bloomberg News reported, as the pharmaceutical company copes with the loss of a patent for top-selling cholesterol drug Lipitor.* United Parcel Service Inc has offered more concessions in a bid to win EU regulatory approval for its 5.2 billion euro ($6.87 billion) bid for TNT Express, two people familiar with the matter said.
Pfizer Inc. (Pfizer) is a research-based, global biopharmaceutical company. Shares of PFE traded higher by 1.12% or $0.285/share to $25.64. In the past year, the shares have traded as low as $20.75 and as high as $26.09. On average, 29589700 shares of PFE exchange hands on a given day and today's volume is recorded at 33083324.
United Parcel Service, Inc. (UPS) is a package delivery company that operates in the United States less-than-truckload industry, and the provider of global supply chain management solutions. Shares of UPS traded higher by 2.3% or $1.69/share to $75.05. In the past year, the shares have traded as low as $69.56 and as high as $81.79. On average, 4104920 shares of UPS exchange hands on a given day and today's volume is recorded at 6387183.
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