Bernanke to testify in AIG bailout lawsuit deposition
Federal Reserve Chairman Ben Bernanke must be questioned in Hank Greenberg’s suit against the government over the $182 billion AIG bailout. Judge Thomas Wheeler of the U.S. Court of Federal Claims ruled the deposition necessary due to Bernanke’s first hand knowledge of the bailout decision. The filing, from Greenberg who led AIG, notes the unprecedented step as part of the case now that AIG has repaid the funds.
MENTIONED IN THIS ARTICLE
Washington
Aus
Federal Reserve
Ben Bernanke
AIG
Fed
Thomas
Stock Market Dims As Tech Shares Drag Index Lower
Major indexes slip on cautious trading with declines led by tech names. Dow Jones falls 3686 points, closing near 15,521 while NASDAQ retreats 0.39 percent to around 3,599, reflecting broad market weakness and profit-taking.
Perrigo to relocate tax residence to Ireland in deal with Elan
Perrigo plans to move its tax residency to Ireland to cut tax liability by about two thirds while maintaining U.S. operations. The deal with Elan Corp would span cash and Perrigo stock, with no job losses and potential 150 new Alle gan jobs in the future as expansions proceed. Perrigo and Elan boards have approved the merger which would keep Perrigo headquarters abroad with a New Perrigo transitional company to be listed in Ireland and on the NYSE and Tel Aviv exchanges.
MENTIONED IN THIS ARTICLE
Allegan
Ireland
United States
Perrigo
John T. Hendrickson
Hendrickson
Elan
Allegan and Holland
U.S
Costco
Wal-Mart
Walgreens
Michigan
Elan Corp
Dublin
Royal Pharma
Tysabri
Europe
New Perrigo
New York
Australia
Britain
Israel
Mexico
Joseph C. Papa
McDaniel
Detroit
Perrigo buys Elan in 8.6 billion deal over Tysabri drug
Perrigo Company announces an 8.6 billion takeover of Elan after agreeing to acquire the stake tied to Tysabri sales. The deal gives Perrigo 25 percent of future Tysabri royalties while Elan’s broader assets and cash balance factor into the transaction.
Also Mentioned on This Page
Bernanke
BMY
Bristol-Myers Sqn
CMS Energy Corpor Cms
Chemical Financia Chfc
Fifth Third Banco Fite
Ford Motor
Magna Internation Mga
Mead Johnson Nutt MM
Mercantile Bank C Mbwm
Herman Miller
MLHR
Perrigo Company C Prgo
PFE
Pfizer, Inc
Spartan Stores
SPTN
Steelcase Inc
Tennant Company C Tnc
WHR
Whirlpool Corpora
Mercy Health
MercyHealth.com
Perrigo Company
Biogen Idec
Elan Ieaat Ie
Fuce
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