Business

Congress may yet pass legislation this year to curb foreign buyout deals that allow corporations to cut their U.S. income taxes, a leading Democratic lawmaker said on Monday.

Cargill Inc's [CARG.UL] lawsuit against Syngenta AG (SYNN.VX) over rejections of genetically modified U.S. corn by China may be just the start of legal challenges against global seed makers over trade with one of the world's biggest markets.

Pfizer Inc and India's Ranbaxy Laboratories Ltd on Friday won dismissal of a U.S. antitrust lawsuit accusing them of conspiring to delay sales of generic versions of the best-selling cholesterol drug Lipitor.