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Drug maker Actavis Inc. (ACT) agreed to acquire Warner Chilcott PLC (WCRX) for about $5 billion in an all-stock deal aimed at enlarging Actavis's portfolio of specialty pharmaceutical brands--and shrinking its tax burden.The deal follows reports that Actavis itself was targeted for a takeover by potential bidders including Valeant Pharmaceuticals Inc. (VRX) and Mylan Inc. (MYL). If the Actavis-Warner Chilcott deal is completed, Actavis's lower tax rate could help it better compete with Valeant and others in search of further deals as the generic-drug and specialty-pharmaceutical sectors undergo consolidation.Companies selling niche pharmaceutical brands and low-cost generics are seeking to beef up through mergers and acquisitions to grapple with pricing pressure in developed markets including the U.S. and western Europe, and to capitalize on opportunities for stronger sales growth in emerging markets including Russia and China. Also, a wave of patent expirations for big-selling branded...
Kanaly Trust Chairman Drew Kanaly, FTN Financial Economist Lindsey Piegza and Cato Institute’s Dan Mitchell on the tax overhaul proposed by Louisiana Gov. Bobby Jindal for the state.
Brazil's government is winning the so-called "currency war" with policies to manage short-term foreign capital inflows, the country's finance ministry said Friday.Th...
Republicans warn of job losses
Murray Energy CEO Robert Murray on the Administration’s energy policy.
IKANINI, South Africa (Reuters) - The rules of the game in South Africa's labour market have changed and the new players are workers such as Tshepo Modise and Thulan...
Former Office Depot CEO Steve Odland on government’s impact on businesses and Americans.
Former Sen. Evan Bayh weighs in
Malaysia Thursday announced seven new projects worth a total of 5.61 billion ringgit ($1.82 billion) ranging from a liquefied natural gas terminal to a drug manufact...
Would you prefer President Obama or Romney to nurse you back to health? Amb. John Bolton, Jesse Joyce, Brooke Goldstein discuss
Obama, Romney or George Clooney?
Clint Greenleaf of the Greenleaf Book Group argues there are way too many problems in the economy for small businesses to be confident.
FBN’s Adam Shapiro on the investment opportunities in Israel.
Drug maker Actavis Inc. (ACT) agreed to acquire Warner Chilcott PLC (WCRX) for about $5 billion in an all-stock deal aimed at enlarging Actavis's portfolio of specia...
The U.S. House of Representatives on Friday overwhelmingly approved a Senate plan to ease nationwide air traffic delays caused by automatic federal spending cuts, se...
The U.S. Chamber of Commerce’s quarterly small business survey finds that the majority of small business owners want more certainty from Washington, as well as more action on immigration and tax reform.
If past is precedent, optimists hoping Japanese Prime Minister Shinzo Abe will defy vested interests to take bold action to open the country to more competition as a...
The package of reforms for the banking sector that seeks to increase capital buffers and limit bankers' bonuses, known as the Capital Requirements Directive Four, or...
Japanese stocks fell sharply Friday to return most of the gains recorded earlier in the week as the yen strengthened ahead of a meeting of the world's top finance mi...
Some aspects of the immigration debate are almost as complicated and sprawling as the larger issue itself: what to do with the estimated 11 million undocumented work...
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