Business News Headlines

LONDON (Reuters) - British Prime Minister David Cameron on Monday told Google's Executive Chairman Eric Schmidt and other business leaders that he expected their companies to pay their taxes in exchange for benefiting from low tax rates. Cameron's intervention came days after British lawmakers accused Google of using "smoke …

By Ben Klayman DETROIT (Reuters) - The launch of General Motors Co's redesigned Chevrolet Silverado, the most important since the automaker's bankruptcy and $50 billion taxpayer-funded bailout in 2009, is on track and advertising for its full-size trucks should begin in a few weeks, a top GM executive said on Monday. Mark …

By Caroline Humer and Ransdell Pierson (Reuters) - Generic drugmaker Actavis Inc, itself a recent takeover target, said on Monday it would buy specialty pharmaceutical company Warner Chilcott Plc for $5 billion in stock to expand its branded drug portfolio, lower taxes and increase profits. The Warner Chilcott acquisition …

(Reuters) - Dell Inc said in a letter to suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself unless the board determined that their proposal was "superior" to founder Michael Dell's. Earlier this month, Icahn and Southeastern offered $12 in cash per share …

CHICAGO (Reuters) - Caterpillar Inc said on Monday that retail demand for its construction and mining equipment continued to be sluggish in April, though the sales picture appeared to be improving in almost every market outside North America. The Peoria, Illinois-based company said worldwide dealer sales of its earth-moving …

By Tim Hepher PARIS (Reuters) - Airbus could steal the Paris air show with a flyby of its newest passenger jet, the A350, as confidence grows over a maiden flight some four weeks away. The timescales of its previous airliner launches suggest the European manufacturer could be ready to fly the aircraft in mid-June, depending …

SAN FRANCISCO (AP) — Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet pioneer that had fallen behind the times.

NEW YORK (AP) — The stock market is edging higher in midday trading, led by small-company shares.

NEW YORK (AP) — Actavis is buying Warner Chilcott in an all-stock deal valued at about $8.5 billion that would create the third-biggest specialty pharmaceutical company in the U.S. market.

SOCHI, Russia (AP) — The mountains of Sochi are now home to Potanin's slope, Gazprom's gondola lift and Sberbank's ski jump. The nicknames used by locals and an army of construction workers leave no doubt about who is paying for the 2014 Winter Games: Russia's business powerhouses.

OKLAHOMA CITY (AP) — Chesapeake Energy has named Anadarko Petroleum executive Robert Douglas Lawler as its new CEO.

NEW YORK (AP) — Rival online takeout services Seamless North America and GrubHub on Monday announced plans to combine and create a new company covering more than 20,000 restaurants in 500 cities across the U.S.

WASHINGTON (AP) — Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists.

United Airlines is getting its 787s back in the air.

NEW YORK (AP) — Special K was once just a line of cereals. Today, it's a diet food empire.

LOS ANGELES (AP) — The owner of a Los Angeles jewelry store pleaded guilty Monday for his role in an insider-trading case involving a former senior partner at accounting firm KPMG.

Frank Lloyd Wright may have died in 1959, but his architecture is alive and well. A recent story in the Wall Street Journal revealed the cost to upkeep some of his historic homes may be more than buyers bargain for, but others clamor to invest in history.        

The judge presiding over the lawsuit against Martha Stewart and J.C. Penney ruled on Friday allowing the sale of Martha Stewart merchandise in J.C. Penney stores.