Forest Labs to add Icahn rep to board, avert proxy fight

File photograph of Investor Carl Icahn speaking at the Wall Street Journal Deals & Deal Makers conference at the New York Stock Exchange(Reuters) – Forest Laboratories Inc said on Tuesday it will add a representative of Carl Icahn as an independent member to its board, averting a new proxy battle with the billionaire investor. The specialty drugmaker said the appointment of Vincent Intrieri, 56, would expand the board's size to eleven from ten directors. Intrieri has worked for various Icahn-related entities since 1998 and sits on a number of boards, including Chesapeake Energy Corp, Forest said. Icahn is Forest's second largest shareholder, owning about 11.5 percent of the drugmaker's outstanding shares. …

More than money and lawsuits drive overtesting: study

By Andrew M. Seaman NEW YORK (Reuters Health) – Despite reports that financial incentives and fear of lawsuits lead doctors to order too many heart tests, a new study of U.S. Veterans Affairs (VA) doctors suggests overtesting may be the result of more fundamental issues. Researchers at one Florida VA facility found its doctors, who don’t get paid for the tests they order and are rarely sued, order as many unnecessary nuclear stress tests as doctors at traditional hospitals. …

Mandela still ‘serious but stable’, security tightened

File photo of former South African president Mandela in central LondonBy Mike Hutchings PRETORIA (Reuters) – Former South African president and anti-apartheid leader Nelson Mandela remained in a "serious but stable" condition in a Pretoria hospital on Tuesday after four days of treatment for a lung infection, the government said. Speaking to the national broadcaster, President Jacob Zuma said he had been updated by doctors on the health of the 94-year-old Mandela, who became South Africa's first black president after historic all-race elections in 1994. "I met a team of doctors who are treating him. They gave me a thorough briefing. …

Dole’s 90-year-old CEO offers to take company private

A worker at Dole Food Company scoops up cacao beans at the company's Waialua coffee and cocoa farm in HawaiiBy Aditi Shrivastava and Pallavi Ail (Reuters) – At an age when many 90-year-olds are satisfied with playing gin rummy in a nursing home, Dole Food Co Inc Chief Executive David Murdock is planning his next big deal. The billionaire, who already owns 40 percent of one of the world's largest producers and marketers of fruit and fresh vegetables, made an offer on Tuesday to buy out the rest of the company in a deal that values it at just over $1 billion. Dole shares jumped as much as 22 percent to $12. …

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