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CUPERTINO, Calif., May 20 (UPI) -- A congressional report said U.S. technology giant Apple was using gaps in international tax laws to avoid paying tax on tens of billions of dollars.
NEW YORK, May 20 (UPI) -- Royalty Pharma increased its offer for Irish drug maker Elan and said the Elan board was acting recklessly as stockholders assessed its offer.
RIO DE JANEIRO, May 20 (UPI) -- Sweden's Saab is upgrading its bid for Brazil's FX-2 jet fighter purchase plan, even as it weighs challenges from rivals Boeing and France's Dassault.
Markets plod along with light losses Monday
NEW YORK, May 20 (UPI) -- Merger news failed to generate enough excitement to push U.S. markets into the black Monday.
Maserati recalls 7,438 vehicles
WASHINGTON, May 20 (UPI) -- Luxury sports car producer Maserati plans to recall 7,438 vehicles due to a possible rusting tie rod assembly issue, U.S. regulators said Monday.
MOBILE, Ala., May 20 (UPI) -- The U.S. Navy's second high speed, intra-theater transport ship has successfully completed acceptance trials, the Navy announced.
NEW DELHI, May 20 (UPI) -- The US Department of Energy's conditional approval a Texas liquefied natural gas terminal to export to nations that do not have a free trade agreement with the United States is seen as a potential boost for India's energy security.
CHICAGO, May 20 (UPI) -- Two of the largest U.S. online restaurant takeout services, GrubHub and Seamless North America, said Monday they had agreed to merge.
ZUG, Switzerland, May 20 (UPI) -- Swiss generic drug producer Actavis said it would buy U.S. rival Warner Chilcott for a deal valued at $5 billion.
FALLS CHURCH, Va., May 20 (UPI) -- The University of Southern California has joined Northrop Grumman's Cybersecurity Research Consortium to combat cyberthreats to the United States.
OKLAHOMA CITY, May 20 (UPI) -- Chesapeake Energy Corp., the second-largest U.S. natural gas producer, said it has hired a chief executive officer to replace its departing founder.
United relaunches 787 Dreamliner
CHICAGO, May 20 (UPI) -- U.S. carrier United Airlines Monday relaunched its 787 Dreamliner jets following four months of grounding due to safety concerns.
N.Y. threatens two banks over mortgage settlements
ALBANY, N.Y., May 20 (UPI) -- Prosecutors in New York have threatened to sue two major U.S. banks they allege have failed to comply with terms of a settlement involving mortgage abuse.
TEL AVIV, Israel, May 20 (UPI) -- Israel's high-tech defense industry leads the world in exporting unmanned aerial vehicles.
TEWKSBURY, Mass., May 20 (UPI) -- Rapidly deployable air traffic control systems for global military operations are to be developed and produced by Raytheon for the U.S. Air Force.
MCLEAN, Va., May 20 (UPI) -- The U.S. military's Joint Program Executive Office for Chemical and Biological Defense has tapped SAIC for support services.
ARLINGTON, Va., May 20 (UPI) -- The first testing in the United States of high-performance green propulsion thruster technology has been performed by rocket motor producer ATK.
NEW YORK, May 20 (UPI) -- U.S. authorities have issued a grand jury subpoena to billionaire hedge fund manager Steven Cohen, who has not pledged full cooperation, his firm said.
NEW YORK, May 20 (UPI) -- Crude oil prices held under $96 through the weekend in New York while export news remained steady.
WASHINGTON, May 20 (UPI) -- Commercial space activities may soon utilize a NASA launch pad at the Kennedy Space Center in Florida that was designed for the Apollo space program.
WASHINGTON, May 20 (UPI) -- The U.S. Department of Energy needs to ensure that remaining requests for licenses for liquefied natural gas exports get approved, the API said.
BRUSSELS, May 20 (UPI) -- Renewable energy targets have advantages but European leaders need to do more than just set goals, European Energy Commissioner Gunther Oettinger said.
WASHINGTON, May 20 (UPI) -- Republican backers of the planned Keystone XL oil pipeline haven't been paying attention to climate issues, a Democratic opponent said.
BRUSSELS, May 20 (UPI) -- The European Commission cleared the way for the planned Trans Adriatic natural gas pipeline to offer Azeri natural gas to consumers, a consortium announced.
SAN ANTONIO, May 20 (UPI) -- BP has take "a significant step" toward selling a California oil refinery and regional retail networks to Tesoro Corp. after getting U.S. federal approval.
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Palestinian  Security Forces Patrol the Border With Egypt.
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A members of the Hamas security forces patrol the border area between Gaza and Egypt, in the southern Gaza Strip May 20, 2013. Egyptian police angered by the kidnapping of seven colleagues by Islamist gunmen kept a crossing into the Gaza Strip closed again for four days, stranding hundreds of Palestinian travellers, As Tunnels between Egypt and Gaza closed and border was declared as military zone. Palestinian security forces patrol around the border, witnesses said. UPI/Ismael Mohamad