Where's the nearest cash machine? uofmhealth.org patient portal Perrigo’s tumble may reflect misplaced worries about a strategic shift toward higher-risk biotech. After five bolt-on deals in the past year, Elan gives Perrigo a base for more international expansion. Elan’s share in the sales of multiple sclerosis drug Tysabri, of perhaps $300 million a year, provides a handy cash stream for future deal making. And the company’s tax rate will fall to 17% from about 23%.
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Carlyle declared a second-quarter dividend of 16 cents pershare, in line with its distribution policy. The company hasgenerated the equivalent of $1 per share in post-taxdistributable earnings so far this year and said shareholderscan expect to receive 75 percent to 85 percent of its 2013distributable earnings when the fourth-quarter dividend is paid.
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The six-inch pipeline was carrying Bakken oil to theStampede rail facility outside Columbus, North Dakota, when itruptured. A farmer harvesting wheat discovered oil spouting fromthe line on Sept. 29.
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