While Apple co-founder Steve Jobs (above) resisted calls to return cash to shareholders, chief executive Tim Cook has shown a willingness to meet investor demands. Photograph: Susan Ragan

Activist investor Carl Icahn has dropped his campaign urging Apple to buy back $50 billion of stock this year, after the company stepped up repurchase(...)

Drug company Elan last night dropped a legal action in New York against Royalty Pharmaceuticals, the company locked in a €6.7 billion takeover battle (...)

The Elan plant in Athlone, Co Westmeath. Latest revised bid brings the Royalty offer very much into the realm that Elan says accurately represents the fair value of the company.  Photographer: Dara MacDonaill/The Irish Times

Royalty Pharma tightened the squeeze on Elan yesterday with a second revised offer just hours after diclosing its had secured the support of holders o(...)