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  • WASHINGTON, July 29- Corporations that move their tax domiciles abroad would be denied federal contracts under legislation offered on Tuesday by Democrats in the U.S. Congress, targeting tax-driven deals known as inversions.

  • Final Glance: Drugstore companies Monday, 28 Jul 2014 | 6:04 PM ET

    CVSCaremark fell$. 74 or. 9 percent, to $78.38. Rite Aid fell$. 36 or 5.1 percent, to $6.69. Walgreen fell $1.84 or 2.5 percent, to $71.45.

  • *By invoking 1969 law, Obama could bypass Congress- former Treasury official. *Treasury Secretary Lew renews call for urgent action by U.S. Congress.

  • Midday Glance: Drugstore companies Monday, 28 Jul 2014 | 1:31 PM ET

    NEW YORK— Shares of some top drugstore companies are down at 1 p.m.:. Rite Aid fell$. 24 or 3.4 percent, to $6.81. Walgreen fell $1.42 or 1.9 percent, to $71.88.

  • Early Glance: Drugstore companies Monday, 28 Jul 2014 | 10:33 AM ET

    NEW YORK— Shares of some top drugstore companies are down at 10 a.m.:. Rite Aid fell$. 07 or 1.0 percent, to $6.98. Walgreen fell$. 96 or 1.3 percent, to $72.33.

  • 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.

  • Final Glance: Drugstore companies Thursday, 24 Jul 2014 | 6:22 PM ET

    CVSCaremark rose$. 76 or 1.0 percent, to $78.89. Rite Aid rose$. 09 or 1.2 percent, to $7.38. Walgreen rose$. 18 or. 2 percent, to $73.08.

  • At least eight European law firms are pitching their services to major U.S. law firms and Wall Street banks, hoping that U.S. companies considering an inversion choose Ireland, Britain or the Netherlands for their new tax domicile, according to people with knowledge of the matter.

  • Midday Glance: Drugstore companies Thursday, 24 Jul 2014 | 1:23 PM ET

    NEW YORK— Shares of some top drugstore companies are up at 1 p.m.:. Rite Aid rose$. 11 or 1.4 percent, to $7.40. Walgreen rose$. 44 or. 6 percent, to $73.34.

  • Early Glance: Drugstore companies Thursday, 24 Jul 2014 | 11:37 AM ET

    NEW YORK— Shares of some top drugstore companies are up at 10 a.m.:. Rite Aid rose$. 02 or. 3 percent, to $7.31. Walgreen rose$. 17 or. 2 percent, to $73.07.

  • Obama wants limits on US company mergers abroad Thursday, 24 Jul 2014 | 3:03 AM ET

    LOS ANGELES— Staking out a populist stand ahead of the midterm elections, President Barack Obama on Thursday demanded "economic patriotism" from U.S. corporations that use legal means to avoid U.S. taxes through overseas mergers. "I don't care if it's legal," Obama declared.

  • Final Glance: Drugstore companies Tuesday, 22 Jul 2014 | 6:02 PM ET

    CVSCaremark rose$. 83 or 1.1 percent, to $77.87. Rite Aid rose$. 19 or 2.7 percent, to $7.28. Walgreen rose $1.19 or 1.7 percent, to $72.86.

  • Midday Glance: Drugstore companies Tuesday, 22 Jul 2014 | 1:57 PM ET

    NEW YORK— Shares of some top drugstore companies are up at 1 p.m.:. Rite Aid rose$. 16 or 2.3 percent, to $7.25. Walgreen rose $1.13 or 1.6 percent, to $72.80.

  • Dems press blocks on corporate tax inversions plans Tuesday, 22 Jul 2014 | 8:35 AM ET

    Democrats, searching for campaign issues before November's congressional elections, have jumped on inversions, and several of them have offered bills that would curb the deals.

  • Early Glance: Drugstore companies Friday, 18 Jul 2014 | 11:13 AM ET

    NEW YORK— Shares of some top drugstore companies are up at 10 a.m.:. Rite Aid rose$. 11 or 1.6 percent, to $7.09. Walgreen rose $1.32 or 1.9 percent, to $71.50.

  • AbbVie, Shire agree on $55B combination Friday, 18 Jul 2014 | 6:43 AM ET

    The drugmaker AbbVie has reached a deal worth roughly $55 billion to combine with British counterpart Shire and become the latest U.S. company to seek an overseas haven from tax rates back home. But the new company will be controlled by shareholders of North Chicago, Illinois- based AbbVie, who will own about 75 percent of the new company's stock.

  • Obama pushes to stop corporate overseas tax moves Wednesday, 16 Jul 2014 | 3:41 PM ET

    The Obama administration is urging Congress to act swiftly to curtail a growing trend in which U.S. corporations reorganize overseas with foreign entities in part to trim their tax bills back home.

  • Midday Glance: Drugstore companies Wednesday, 16 Jul 2014 | 2:54 PM ET

    NEW YORK— Shares of some top drugstore companies are mixed at 1 p.m.:. Rite Aid rose$. 06 or. 9 percent, to $7.14. Walgreen fell$. 16 or. 2 percent, to $71.43.

  • Treasury Secretary Jacob Lew urged Congress on Wednesday to take steps quickly to discourage U.S. companies from moving their tax domiciles abroad to avoid federal taxes. "Congress should enact legislation immediately," Lew told a business conference in New York hosted by cable television channel CNBC.

  • Early Glance: Drugstore companies Wednesday, 16 Jul 2014 | 11:11 AM ET

    NEW YORK— Shares of some top drugstore companies are mixed at 10 a.m.:. Rite Aid rose$. 08 or 1.1 percent, to $7.16. Walgreen rose$. 70 or 1.0 percent, to $72.29.