BLOOMBERG Bloomberg West October 24, 2014
Drug maker pfizer has just authorized a new 11 billion Share Buyback program in addition to the 1 billion remaining on the companys buyback plan. Their sales have been declining since 2011. They blame generic drugs for stealing sales from block busters like lipitor and viagra. Streaming Radio Service pandora said sales rose and revenue from mobile grew 52 . Listener hours were up and the companys active listener base grew more than 5 . Still, their forecast for the Current Quarter is short of estimates. That has shares trading down. Facebook launched a new ios app called rooms. It comes from f...