GO
Loading...

Ireland

More

  • NEW YORK, Oct 20- AbbVie Chief Executive Officer Richard Gonzalez for three months led the charge to buy Dublin drugmaker Shire for $55 billion, only to walk away from the deal last week, but analysts and fund managers said he deserves credit for trying and should remain at the helm of the Chicago drugmaker. Investors were given no advance warning on Thursday, when...

  • NEW YORK, Oct 20- AbbVie Chief Executive Officer Richard Gonzalez for three months led the charge to buy Dublin drugmaker Shire for $55 billion, only to walk away from the deal last week, but analysts and fund managers said he deserves credit for trying and should remain at the helm of the Chicago drugmaker. Investors were given no advance warning on Thursday, when...

  • NEW YORK, Oct 20- AbbVie Chief Executive Officer Richard Gonzalez for three months led the charge to buy Dublin drugmaker Shire for $55 billion, only to walk away from the deal last week, but analysts and fund managers said he deserves credit for trying and should remain at the helm of the Chicago drugmaker. Investors were given no advance warning on Thursday, when...

  • Oct 20- Platform Specialty Products Corp said it would buy Arysta LifeScience Ltd for about $3.51 billion, Platform's third acquisition this year as the company looks to strengthen its agrichemicals business. More than 65 percent of Arysta's sales are in high-growth regions such as Latin America, Africa, Central and Eastern Europe, China and South Asia.

  • Rules vary about travel to countries hit by Ebola Friday, 17 Oct 2014 | 4:32 PM ET

    Demands are rising in Washington for the U.S. to ban travelers from countries in West Africa, but the Obama administration is resisting and says the screening measures already in place for travelers are more effective. There are no direct flights from Liberia, Guinea or Sierra Leone to the U.S. No direct flights from the three affected countries to London's...

  • Chiquita rejects offer from Safra and Cutrale Thursday, 16 Oct 2014 | 4:44 PM ET

    NEW YORK— Chiquita says it is rejecting a new buyout offer from two Brazilian companies and will go ahead with its plan to merge with Irish fruit importer Fyffes. Chiquita says the offer from investment firm Safra Group and juice company Cutrale Group isn't high enough and the Fyffes deal will bring more value to shareholders. Safra and Cutrale initially...

  • *Ireland to lead peripheral economies. Oct 16- It is still unclear whether the European Central Bank's stimulus measures will have a material impact on inflation, according to economists in a Reuters poll, who said sovereign debt purchases could help boost the euro zone economy. The currency bloc is stuck in a quagmire of weak growth and falling inflation with...

  • *AbbVie board recommends shareholders vote against deal. *AbbVie to pay Shire $1.64 bln break fee if deal collapses. LONDON, Oct 16- U.S. drugmaker AbbVie has pulled the plug on its plan to buy Dublin- based Shire, recommending shareholders vote against the planned $55 billion takeover following new U.S. tax rules.

  • *AbbVie board recommends shareholders vote against deal. *AbbVie to pay Shire $1.64 bln break fee if deal collapses. LONDON, Oct 16- U.S. pharmaceutical company AbbVie has pulled the plug on its plan to buy Dublin- based drugmaker Shire, recommending shareholders vote against the planned $55 billion takeover following new U.S. tax rules.

  • Gov. to French, Irish: Don't mess with our tobacco Wednesday, 15 Oct 2014 | 2:12 PM ET

    RALEIGH, N.C.— In a trans-Atlantic debate over cigarette packaging, North Carolina's governor poses a rhetorical question to the Irish and French governments: Would Guinness be recognizable labeled simply as "beer?" "Plain packaging laws are a direct assault on intellectual property and trademarks," he says in the Oct. 6 letter to Gerard Araud, France's ambassador...

  • EU orders Ryanair to repay aid to German airport Wednesday, 15 Oct 2014 | 9:19 AM ET

    DUBLIN— The European Union's executive Commission has ordered Ryanair to repay more than 300,000 euros provided by a German airport to sustain the Irish airline's business, ruling it amounted to illegal state aid. Ryanair says it plans to appeal Wednesday's judgment that the airline exploited tiny Leipzig-Altenburg Airport in eastern Germany with a 2010...

  • Portugal to stick with austerity program in 2015 Wednesday, 15 Oct 2014 | 7:29 AM ET

    LISBON, Portugal— Portugal's government is extending into 2015 the main features of its unpopular austerity program, resisting the temptation to sweeten its policies for an election year as it battles to restore the weakened country's financial health. Portugal is still recovering from near-bankruptcy in 2011, when it needed a 78 billion euro...

  • Oct 14- AbbVie Inc said it intends to reconsider its recommendation to its shareholders to vote in favor of the 32 billion pound merger with Shire Plc due to the changing U.S. tax regulations. Chicago- based AbbVie, which makes top-selling arthritis drug Humira, is eager to buy Shire to reduce its U.S. tax bill by moving its tax base to Britain and to diversifying its...

  • *Ireland to end tax regime that saved multinationals billions. DUBLIN, Oct 14- Ireland will phase out a tax loophole that multinationals use to save billions of dollars under sweeping changes to its corporate tax structure announced in Tuesday's budget, the first in seven years without new austerity measures. Ireland, which left a European Union/ IMF bailout...

  • Irish tax changes may cost U.S. groups billions Tuesday, 14 Oct 2014 | 11:15 AM ET

    *Brussels investigating schemes involving minimal tax. LONDON, Oct 14- Ireland's plan to close a "Double Irish" tax loophole could cost U.S. companies including Apple and Google billions of dollars, although a new break and pressure to tackle tax avoidance elsewhere means they are unlikely to decamp. Ireland has been an attractive base for U.S. multinationals for...

  • Mallinckrodt shares rise on earnings outlook Tuesday, 14 Oct 2014 | 10:07 AM ET

    NEW YORK— Shares of Mallinckrodt PLC rose Tuesday after the health care products maker posted an earnings outlook for next year that beat Wall Street expectations. Mallinckrodt said it expects revenue between $3.65 billion to $3.75 billion. In August, Mallinckrodt completed a $5.8 billion acquisition of California- based Questcor Pharmaceuticals Inc....

  • Irish unveil growth budget, end 6 years' austerity Tuesday, 14 Oct 2014 | 3:57 AM ET

    DUBLIN— Ireland unveiled its first expansive budget Tuesday since the collapse of the Celtic Tiger economy six years ago, ending an era of austerity earlier than expected thanks to the return of Europe- leading growth. Measures unveiled in the 2015 budget will increase spending and tax breaks by a combined 1.2 billion, including a plan to build 6,700...

  • GE unit to buy helicopter leasing co. for $1.78B Monday, 13 Oct 2014 | 10:13 AM ET

    NEW YORK— General Electric Co.' s finance unit, GE Capital, plans to expand into the helicopter leasing business by buying Milestone Aviation Group for $1.78 billion. "The addition of Milestone will deepen our domain expertise in aviation and oil and gas, two critical GE industries," said GE Capital CEO Keith Sherin, in a statement. Shares of GE, based in Fairfield,...

  • PARIS, Oct 12- Health checks on Europe's banks may reveal takeover targets, but because protectionist regulation across the region has yet to be addressed, any post- "stress test" tie-ups are likely to be along national lines and could make a splintered industry more so. The European Central Bank takes direct authority over the currency area's 120 top banks on Nov. 4...

  • *Companies already in Ireland to be given time to adjust. DUBLIN, Oct 10- Ireland is set to announce legal changes next week to phase out the "Double Irish" tax arrangement that has let firms such as Google save billions of dollars, two sources familiar with the matter said. Ireland has come under sustained attack from Europe and the United States over the past 18...