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Valeant says CEO J. Michael Pearson hospitalized with severe pneumonia

December 26, 2015 by · Leave a Comment 

Valeant Pharmaceuticals International Inc Chief Executive J. Michael Pearson was hospitalized with a “severe case of pneumonia” on Friday and is receiving treatment, a company spokeswoman said. Pearson, 56, joined Valeant as CEO in September 2010 after a 23-year career at McKinsey & Company and became chairman of the board in 2010. Under Pearson's leadership, the company has come

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Valeant says CEO J. Michael Pearson hospitalized with severe pneumonia

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China says AIIB up and running early in the new year

December 26, 2015 by · Leave a Comment 

The China-backed Asian Infrastructure Investment Bank (AIIB) has been formally established and is expected to be operational early next year, the official Xinhua news agency said on Friday. The bank's establishment came after 17 funding members of the AIIB, which account for just over 50 percent of its share capital, ratified an agreement on the bank, state television quoted Finance Minister Lou Jiwei as saying. First proposed by President Xi Jinping less than two years ago, the bank has become one of China's biggest foreign policy successes.

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China says AIIB up and running early in the new year