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Elan strikes more deals to repel Royalty bid
DUBLIN (Reuters) - Elan announced its second major drug deal inside a week on Monday and said it would buy back more shares as it continues to bat against a $5.7 billion takeover bid from U.S. investor Royalty Pharma.

North Korea fires fifth missile in three days
SEOUL (Reuters) - North Korea fired its fifth short-range missile in three days on Monday and condemned South Korea for criticizing what it said were its legitimate military drills.

Thirty Hezbollah fighters killed in Syria's Qusair: activists
AMMAN (Reuters) - About 30 fighters from the Lebanese militant group Hezbollah and 20 Syrian soldiers and militiamen loyal to President Bashar al-Assad were killed in heavy fighting with rebels on Sunday in the town of Qusair, Syrian activists said on Monday.

Car bombs kill at least 31 in Iraq
BAGHDAD (Reuters) - At least 20 people were killed by a series of car bombs in mainly Shi'ite districts of the Iraqi capital, Baghdad, on Monday and 11 others were killed by attacks in the southern city of Basra, police and medics said.

Global shares grind higher, yen edges up on Amari comments
LONDON (Reuters) - Rising optimism about global growth pushed world shares to a near five-year high on Monday, while comments from Japan's economy minister that consumers could suffer if the yen falls further lifted it off a 4-1/2 low.

Bombs kill at least 20 in mainly Shi'ite areas of Iraq capital: police, medics
BAGHDAD (Reuters) - Eight car bomb blasts in mainly Shi'ite districts of the Iraqi capital, Baghdad, killed at least 20 people on Monday, police and medics said. Earlier, at least 10 people were killed in two car bomb explosions in the predominantly Shi'ite southern city of Basra, 420 km (260 miles) southeast of Baghdad.

Chinese Premier Li seeks trust in India, border issue irks
NEW DELHI (Reuters) - Chinese Premier Li Keqiang is seeking to build trust with India on his first foreign trip since taking office, which comes just a few weeks after a military standoff between the Asian giants on their ill-defined border in the Himalayan mountains.

Jon Stewart's humor a hit with millions of envious Chinese
SHANGHAI (Reuters) - Humor may not always translate well, but Jon Stewart is picking up millions of fans in China, where his gloves-off political satire is refreshing for many in a country where such criticism is a rarity - especially when directed at their own leaders.

Yen edges up on Amari comments, Asian shares rise
SINGAPORE (Reuters) - The yen edged higher on Monday after Japan's economics minister said further weakness in the yen could harm households, while Asian shares rose in response to U.S. equities rallying on upbeat economic data.

Elan eyes more deals this year with $1 billion warchest
DUBLIN (Reuters) - Elan will still have $1.2 billion of cash left to spend if shareholders approve its first package of acquisitions, and plans to announce more deals in the second half of the year, chief executive Kelly Martin said on Monday.

Putting group fitness classes in the proper light
NEW YORK (Reuters) - Fitness experts are shining a new light on group classes from Zumba to yoga because they believe the right lighting can transform the four walls of a fitness studio from a dance party to a meditation space, and back again.

Elan strikes more deals, agrees second share buyback
DUBLIN (Reuters) - Irish drug firm Elan agreed on Monday to buy two private drug firms, spin-off its one experimental drug and buy back more shares to give a firmer idea of how the company will be reconfigured as shareholders weigh up a takeover bid.

Japan upgrades economic outlook as Abe's policies take hold
TOKYO (Reuters) - The Japanese government upgraded its assessment of the economy on Monday, as emerging signs of an upturn in exports and factory output added to growing evidence that Prime Minister Shinzo Abe's aggressive polices are beginning to reignite growth.

Gunmen storm Egyptian security post in lawless Sinai Peninsula
ISMAILIA (Reuters) - Gunmen stormed an Egyptian security forces base in the Sinai Peninsula at dawn on Monday and exchanged gunfire with forces inside the base before retreating, security sources said.

NY regulator questions investment firms' ties to insurers: WSJ
(Reuters) - New York's top financial regulator has sent subpoenas to several firms seeking information on investments that guarantee steady payments to hundreds of thousands of retirees and other consumers, the Wall Street Journal said on Monday, citing people familiar with the inquiry.

Chesapeake Energy hires Anadarko executive as CEO: WSJ
(Reuters) - Chesapeake Energy Corp has hired Robert Douglas Lawler of rival Anadarko Petroleum Corp as chief executive, filling the post vacated by co-founder Aubrey McClendon, the Wall Street Journal reported, citing people familiar with the matter.

Analysis: Shrinking deficit reduces pressure for budget deal
WASHINGTON (Reuters) - The chances of a deal between Democratic and Republican lawmakers that would overhaul the tax system, trim government spending and reform safety net spending programs appear to be fading.

Insight: The road to a greener America is littered with road-kill
LOS ANGELES (Reuters) - In October 2004, then California Governor Arnold Schwarzenegger rolled up to a pioneering fueling station at Los Angeles International Airport in a hydrogen-powered metallic blue Hummer loaned to him by General Motors Corp.

Infosys to challenge latest tax demand of $105.3 million
BANGALORE (Reuters) - Infosys Ltd, India's No. 2 software services exporter, said on Monday it would challenge a 5.77 billion rupees ($105.3 million) income tax demand raised by Indian authorities earlier this month.

SAC Capital's Cohen gets subpoena to testify: NY Times
(Reuters) - Steven A. Cohen has received a subpoena to testify before a grand jury in a U.S. government insider trading investigation into his hedge fund SAC Capital Advisors, the New York Times reported, citing lawyers and executives briefed on the case.