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  • 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.

  • Wells Fargo matches profit estimates, revenue beats Friday, 11 Jul 2014 | 8:01 AM ET
    A Wells Fargo branch in New York City.

    Wells Fargo posted quarterly earnings that met expectations Friday, while revenue exceeded Wall Street estimates.

  • A year of winners (and losers) post-'Alpha' Friday, 11 Jul 2014 | 6:34 AM ET
    Leon Cooperman, Chairman and CEO of Omega Advisors

    Some of 2014's biggest winners are slated to share their next big ideas at this year's Delivering Alpha Conference.

  • For the larger companies, the initiative ensures that their own suppliers are robust and "demonstrates a recognition that a healthy supply chain is good for business," the White House said in a statement.

  • Medical technology group Medtronic Inc said last month that it plans to buy Covidien Plc, a rival based in low-tax Ireland. The research service said other inversions have been done in the past decade by Mallinckrodt Pharmaceuticals, Perrigo Co Plc, Actavis Plc and other companies, many of them rebasing for tax purposes to Ireland.