Richard Durbin


  • WASHINGTON, Aug 7- An influential U.S. senator is encouraging the Internal Revenue Service to stamp out deals that allow companies to relocate their headquarters overseas in search of lower tax rates.

  • *Walgreen to buy remaining 55 pct of Alliance Boots. *Walgreen says inversion deal not in interests of investors. Aug 6- U.S. retailer Walgreen Co said it would not use a full takeover of Europe's biggest pharmacy chain, Alliance Boots, to move its domicile overseas, following fierce criticism of such tax-cutting deals at home.

  • *Walgreen to buy remaining 45 pct of Alliance Boots. *Walgreen says inversion deal not in interests of investors. Aug 6- U.S. retailer Walgreen Co won't use a full takeover of Europe's biggest pharmacy chain Alliance Boots to move its domicile overseas, it said on Wednesday, following fierce criticism of such tax-cutting deals at home.

  • WASHINGTON, Aug 5- U.S. retailer Walgreen Co on Tuesday appeared to back away from a plan to reincorporate abroad to reduce its U.S. taxes, while politicians again urged the White House to curb deals that shift tax domiciles.

  • WASHINGTON, Aug 5- Three prominent Democratic senators on Tuesday urged President Barack Obama to use his executive authority to reduce or eliminate tax breaks for companies that shift their headquarters overseas to cut their U.S. tax bills.

  • Medical technology group Medtronic Inc said last month that it plans to buy Covidien Plc, a rival based in low-tax Ireland. The research service said other inversions have been done in the past decade by Mallinckrodt Pharmaceuticals, Perrigo Co Plc, Actavis Plc and other companies, many of them rebasing for tax purposes to Ireland.

  • Illinois Democrat Richard Durbin told Reuters in an interview that he spoke with a Walgreen lobbyist on Tuesday. Durbin, the Senate's second-highest ranking Democrat, said Walgreen, now based in a Chicago suburb, would be ill-advised to pursue an "inversion" deal with Switzerland's Alliance Boots Holding Ltd..

  • WASHINGTON, June 25- The senior U.S. senator from Illinois said on Wednesday he hopes that Walgreen Co, the major drugstore chain based in his state, will not relocate its tax home base to Switzerland, as some of the company's investors favor.

  • WASHINGTON, June 11- The Pentagon would reassess its plans to put Raytheon Co's CE-2 kill vehicle on 14 more ground-based interceptors if a key test of the system designed to protect the United States from North Korean missile attacks fails again later this month, a top Pentagon official said Wednesday.

  • WASHINGTON, May 8- U.S. lawmakers pushed on Thursday for sanctions on Venezuelans linked to human rights violations, but Obama administration officials insisted that acting now would harm negotiations between President Nicolas Maduro's government and the opposition following weeks of violent protests.

  • Janet Yellen and Larry Summers

    President Obama is in the process of interviewing three candidates for the position at the helm of the central bank: Larry Summers, Janet Yellen, and a dark horse, Donald Kohn.

  • Police Have Possible Suspect in Ricin Letter: Senator Wednesday, 17 Apr 2013 | 8:57 AM ET
    Sen. Roger Wicker

    Authorities declined to comment on a suspect or any other aspect of the investigation, but a senator says the person under suspicion writes a lot of letters to Senate members.

  • Senate Leaders in Deal to (Sort of) Muzzle Filibusters Thursday, 24 Jan 2013 | 4:07 PM ET
    Mr. Smith Goes to Washington

    The Senate's senior Democrat and Republican reached a tentative agreement to impose modest limits on the filibuster, the delaying tactic that minority parties have long used to kill legislation and was immortalized in the film "Mr. Smith Goes to Washington."