Actavis Inc.’s $5 billion deal to buy Warner Chilcott Plc brings in a new stable of brand-name women’s health drugs. It also comes with headquarters relocated to Ireland and lower taxes for the combined company.
The yen weakened against the dollar after Japan’s economy minister backed away from comments that drove the currency to its biggest gain in three weeks. The pound slumped and European stocks fell while grains and precious metals led commodities lower. U.S. shares advanced.
Apple Inc. Chief Executive Officer Tim Cook will face off against U.S. senators leveling accusations the iPhone maker has created a web of offshore entities to avoid paying billions of dollars in U.S. taxes.
Apple Inc., outlining proposals for a simplification of the U.S. corporate-tax system, urged Congress to lower tax rates and implement levies on foreign earnings that will enable “free movement” of capital back to the U.S.
U.K. Prime Minister David Cameron held back from discussing the tax affairs of Google Inc. during a meeting with business leaders who included the California- based company’s executive chairman, Eric Schmidt.
Foxconn Technology Group faces a “challenging” task in trying to meet a July deadline for cutting work hours and improving union participation, said the labor monitor appointed by Apple Inc., its largest customer.