Royalty Pharma takeover bid fails to find Elan ecceptance

DUBLIN/ WASHINGTON Ireland-based biotechnology firm Elan Thursday rejected Royalty Pharma's increased $6.4 billion takeover bid, shortly after the U.S. firm cut the acceptance bar for its latest offer to 50 percent plus one share. Royalty raised its hostile cash bid to $12.50 per share on Monday, from $11.25 previously, but made the new offer conditional on Elan shareholders rejecting, at a ...

UK urged by IMF to bring forward high value spending

LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...

Google boss warns students against censorship of net and digital ethnic cleansing

Google's executive chairman Eric Schmidt and director of Google Ideas Jared Cohen have warned London School of Economics students against censorship on the internet and the dangers that 'digital ethnic cleansing' pose. Sky News quoted Schmidt, as saying that people will omit data if they want to restrict communication and information. He, however, agreed that any piece of information cannot be ...

Woolwich attacker was known to banned Islamist group

One of the two suspected terrorists, who hacked a man believed to be a British soldier to death on a busy London street on Wednesday, was known to a banned Islamist organization and security services. The Independent has learned that the terrorist was also known as Mujahid. Anjem Choudary, the former leader of the group, Al Muhajiroun, confirmed that he had known the man who was seen in video ...

Terror Suspects Were Known to British Police

LONDON Senior British officials say the two men detained for the gruesome murder of an off-duty British soldier on a London street had been identified earlier by security teams investigating suspected Islamist extremists. The victim, a 25-year-old father named Lee Rigby who had served in Afghanistan, died at the scene. The two suspects were shot and wounded by police. Media ...