Plastic islands unseen join Great Lakes pollution threat
Scientists report millions of microplastic particles in Lakes Superior Huron and Erie with expanding nets to Michigan and Ontario. Researchers warn tiny fragments drift in the waters may affect fish and ecosystems while questions linger about impact on fishing and wastewater practices.
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Perrigo Moves Irish HQ to Cut U.S. Tax Burden
Perrigo, the Allegan based giant of generic drugs , will relocate its headquarters to Ireland seeking a lower corporate tax rate. The shift aims to boost expansion and profits in North America and abroad.
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Perrigo to buy Elan for 8.6 billion dollars
Allegan Mayor Betty McDaniel learned of Perrigo’s planned acquisition of Ireland’s Elan Corp for 8.6 billion dollars as she left for work Monday. She described the deal as great for the city and said Perrigo would remain a good neighbor while expanding. The merger aims to cut Perrigo’s tax burden by about 150 million dollars in the first year.
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Perrigo to move tax residence to Ireland to cut liabilities
Perrigo plans to relocate tax residence to Ireland to slash liabilities and free cash for expansion. A company executive said no jobs will be lost at the Allegan plant. The report notes how a single drug spurred Perrigo’s blockbuster Elan Corp. acquisition.
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Local swimmers gear up for USA Junior Nationals
Holland Sentinel previews tomorrow’s USA Junior National Championships with focus on area swimmers training for the event. The section also notes local obituaries and recent crime and business briefs.
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USA
Detroit Bankruptcy Spotlight on Pension Promises
Detroit faces a pivotal legal question in its bankruptcy case whether it must honor retiree pensions or can prioritize city services. A federal judge ruled pension matters stay in federal court, while Pew Charitable Trusts warns many cities still have looming unfunded liabilities.
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