(Reuters) - Generic drugmaker Actavis Inc, itself the subject of takeover speculation, said on Monday it would buy specialty pharmaceutical company Warner Chilcott Plc for $5 billion in stock to expand its branded drug portfolio, lower taxes and increase profits. Warner Chilcott brings a portfolio ...

Earlier this month, Icahn and Southeastern offered $12 in cash per share or additional shares to existing investors as an alternative to Michael Dell's $24.4 billion bid to take the company private. Dell's special committee of the board of directors said in a letter on Monday that Icahn's ...

LONDON (Reuters) - Changes to the Formula One tires due to be introduced next month will be less dramatic than some have feared or hoped for, supplier Pirelli said on Monday. Motorsport director Paul Hembery told Reuters that the Italian company would find a solution that all teams could agree on ...

DUBLIN (Reuters) - Elan announced its second major drug deal inside a week on Monday and said it would buy back more shares as it continues to bat against a $5.7 billion takeover bid from U.S. investor Royalty Pharma. Having rejected the Royalty bid, the Irish drug firm has been trying to convince ...

The demand relates to certain tax benefits on income from software development done overseas at the clients' location and revenue from special economic zones in India, Infosys said in a statement. It said the latest tax demand disregards a clarification by the government in January.

BRIDGEPORT, Connecticut (Reuters) - Thousands of Connecticut commuters should brace for travel chaos on Monday as Metro-North workers repair damage on the United States' busiest rail line caused by the collision of two trains, officials warned on Sunday. Lengthy detours and hours of traffic ...

LONDON (Reuters) - Britain called upon its overseas territories to "get their house in order" over the sharing of tax information on Monday as the UK looks to lead a global fight against tax evasion ahead of a meeting of the world's wealthiest states. Britain is using its presidency of ...

(Reuters) - A massive storm front swept north through the central United States on Sunday, hammering the region with fist-sized hail, blinding rain and tornadoes, including a half-mile wide twister that struck near Oklahoma City. News reports said at least one person had died. By 9:30 p.m. Central ...

JAKARTA (Reuters) - When a sick Indonesian baby died after 10 hospitals in Jakarta turned her family away in February, critics blamed a pilot health insurance scheme that had overwhelmed the city's public hospitals. The program, introduced in November, gave health insurance to around 5 million ...

GAZIPUR, Bangladesh (Reuters) - A Bangladesh factory where Wal-Mart Stores Inc and Inditex SA inspectors spotted cracks in the wall this month is still making Wrangler shirts for the world's largest apparel maker, U.S.-based VF Corp. VF confirmed on Saturday it was still using Liz Apparels to make ...