Apple has handed $400m (€290m) in stock options to seven executives, a month after the death of Steve Jobs, the visionary chief executive. The recipients include chief financial officer Peter Oppenheimer, Bruce Sewell (general counsel), Phil Schiller (SVP of marketing), Scot Forstall (SVP iPhone software engineering), Robert Mansfield (SVP hardware engineering) and Jeffrey Williams (SVP operations).
Jim O'Daly founder of Immdal a privately held Irish pharmaceutical healthcare group, today announced the sale of its subsidiary Newport Pharmaceuticals to Swiss pharmaceutical company Ewopharma. Newport manufactures and supplies immunomodulating drug inosine acedoben dimepranol (IAD), which is indicated for the treatment of a range of viral infections in many countries around the world. Group turnover for Immdal last year was €3.98 million. With sale of Newport Pharmaceuticals turnover is expected to drop to €1.5 million.
Stephen Schwarzman Chairman and Chief Executive of Blackstone will speak at Davy’s annual client conference. Stephen Schwarzman was ranked as American 54th richest person by Forbes magazine last year. Blackstone Group has more than $125 billion (€90 billion) under management.
Avoca Nest the homewares arm of the Pratt family’s restaurant, clothing and knick-knacks business is to open six pop-up stores in John Lewis, the British department group, for the crucial sales period of November to early January. It’s only the second time that John Lewis has allowed such pop-ups. Avoca have taken space in the group’s busiest London stores, including Oxford Street and Peter Jones in Slone square. Avoca products are sold in 642 British stores.
(Source: Sunday Times 6 November 2011)