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UPDATE 1-Reckitt Benckiser to spin off heroin treatment business

LONDON, July 28 - Reckitt Benckiser plans to spin off its heroin-addiction treatment in the next 12 months as sales slide under pressure from rival copycat versions of the drug.

2:10pm IST

OSI Group probe finds standards at supplier unit below par

SHANGHAI, July 28 - An on-going internal investigation conducted by OSI Group LLC into its unit, the scandal-hit Chinese food supplier Shanghai Husi Food Co Ltd, has revealed that standards were below par.

12:55pm IST

U.S. food group CEO to brief media as McDonald's feels pinch in China food scandal

SHANGHAI, July 28 - The head of U.S. meat supplier OSI Group, the parent company of a Chinese firm at the centre of a food safety scandal, will hold a news conference in Shanghai later on Monday, as McDonald's Corp struck more meat dishes off its menus in China.

11:09am IST

UPDATE 2-Solid debut for Australia's Healthscope bodes well for Medibank

* Medibank expected to raise A$4 billion sometime in FY15

10:40am IST

Obama could curb corporate 'inversions' on his own -ex-U.S. official

WASHINGTON, July 28 - President Barack Obama could act without congressional approval to limit a key incentive for U.S. corporations to move their tax domiciles abroad in so-called "inversion" deals, a former senior U.S. Treasury Department official said on Monday.

9:31am IST
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