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.
WASHINGTON, April 2- U.S. senators on Wednesday urged the Air Force to allow more competition in the multibillion-dollar market for launching government satellites, citing rising costs and concerns about Russian-made engines that power some of the U.S. rockets.
WASHINGTON, March 11- The crisis in Ukraine has not jeopardized the longstanding relationship between the U.S. Air Force and the Russian company that builds engines for the rockets used to launch large U.S. government satellites, a U.S. official said on Tuesday.
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.
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.
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."