Markets

EU Set to Disrupt Apple's Irish Tax Deal

The European Union's antitrust regulator is poised to rule as soon as Tuesday that Apple Inc.'s tax arrangements with Ireland have breached the bloc's state-aid rules, according to people familiar with the matter.

Iowa at center of debate over 'shadow insurance' deals

For cash-strapped life insurance companies, the deal sounds almost too good to be true: A state law allows them to create complex financial instruments to transfer liabilities to new subsidiaries, instantly wiping huge debts off their balance sheets.

Bill to increase farm overtime moves to California governor

Four decades after he signed the nation's first law giving farmworkers collective bargaining rights, California Gov. Jerry Brown will again consider a historic proposal calling for farmworkers to receive the same overtime pay as other hourly workers, after the Assembly approved legislation Monday to phase in the change.

Seadrill Ltd. Earnings: A Race Against Time

The offshore drilling vessel operator strengthened its balance sheet last quarter, but a dearth of new work continues to weigh heavily on the company and its competitors. Debt maturities of $2.4 billion over the next 10 months loom large for Seadrill.

Business Highlights

___ Mylan launching cheaper, generic version of EpiPen The maker of EpiPens will start selling a cheaper, generic version of the emergency allergy shots as the furor over repeated U.S. price hikes continues — and looming competition threatens its near-monopoly.