All major European indexes closed lower on Monday after data revealed euro zone manufacturing activity expanded less than expected in October.» Read More
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Establishing a tax domicile abroad to avoid taxes is popular, but many US companies have failed to produce strong returns for investors.
WASHINGTON, August 18- Establishing a tax domicile abroad to avoid U.S. taxes is a hot strategy in corporate America, but many companies that have done such "inversion" deals have failed to produce above-average returns for investors, a Reuters analysis has found.
*Walgreen to buy remaining 55 pct of Alliance Boots. *Walgreen says inversion deal not in interests of investors. Aug 6- U.S. retailer Walgreen Co said it would not use a full takeover of Europe's biggest pharmacy chain, Alliance Boots, to move its domicile overseas, following fierce criticism of such tax-cutting deals at home.
*Walgreen to buy remaining 45 pct of Alliance Boots. *Walgreen says inversion deal not in interests of investors. Aug 6- U.S. retailer Walgreen Co won't use a full takeover of Europe's biggest pharmacy chain Alliance Boots to move its domicile overseas, it said on Wednesday, following fierce criticism of such tax-cutting deals at home.
Some of Tuesday's midday movers:
French advertising group Publicis announced a first-half fall in net profit on Tuesday and warned on its prospects for sales growth in 2014.
Oftentimes a failed courtship works out for the best. That's true in life and it's particularly true in the market.
Take a look at some of Tuesday's midday movers:
Corporations should not be able to dodge taxes by moving oversees, Rep. Sander Levin, D-Mich., told CNBC's "Closing Bell" Wednesday.
Publicis Groupe has won a digital marketing deal with Facebook worth about $500 million including spending, Ad Age reported Monday.
Publicis CEO Maurice Levy has told CNBC that the decision to call off a $35 billion merger with U.S.-based Omnicom was "an issue of principle."
U.S. stock index futures pointed to a lower open on Wall Street on Friday, ahead of first quarter results from Liberty Interactive and Ralph Lauren.
Some of the names on the move ahead of the open.
The $35 billion merger between Omnicom and Publicis has collapsed as challenges proved too immense for the partners.
Martin Sorrell, WPP Group CEO, discusses the fallout in the proposed merger between Omnicom and Publicis.
The Obama administration is focused on finding ways to curb tax-motivated reincorporations to other countries by U.S. businesses.
The shift in the “atmosphere around tax” globally is “significant” and has “hardened,” the chief executive of WPP has told CNBC.
Unforeseen tax issues have thrown the $35bn merger of Publicis and Omnicom into jeopardy, the Financial Times reports.
The CEO of French advertising agency Publicis has said the lengthy negotiations with China regarding its merger with Onmicom Group is taking energy out of the day to day running of the firm.