Public pension funds have major stakes in American firms moving overseas to cut their tax bills. But they are saying little about the strategy.» Read More
The nation's largest employers are projecting health-benefits costs will rise 6.5 percent in 2015, according to a new survey from NBGH.
Sentiment on the ground isn't meshing with the official data when it comes to inflation.
WASHINGTON, Aug 7- An influential U.S. senator is encouraging the Internal Revenue Service to stamp out deals that allow companies to relocate their headquarters overseas in search of lower tax rates.
*Expects key drug launches in fourth quarter despite FDA delay. Aug 7- Political opposition to tax-inversion deals will not stop Mylan Inc's purchase of some non-U.S. businesses from Abbott Laboratories, Chief Executive Heather Bresch said, even as some companies have backed away from such tax arrangements.
After Walgreen said no to inversion by opting to keep their headquarters in the U.S., CNBC's Meg Tirrell, discusses if anyone else will follow in their footsteps.
Some of the names on the move ahead of the open.
Google and Barnes & Noble are joining forces to tackle Amazon, zeroing in on a service that Amazon has long dominated: fast, cheap delivery of books.
Marc LoPresti, Founding Partner, LoPresti Law Group, says Walgreen's decision to not shift its headquarters overseas after U.S. President Barack Obama's speech, is a "public relations move."
WASHINGTON, Aug 6- President Barack Obama said on Wednesday his administration plans to move quickly to curb what he called a "herd mentality" by companies doing business deals that help them escape U.S. corporate taxes, saying the practise was unfair to Americans.
President Barack Obama told a U.S.-Africa Leaders Summit that he wants to move quickly to curb tax inversions.
Walgreen had a conference call about why it's changed its mind about moving the company overseas and the stock sank. The "Fast Money" traders discuss what factors had to do with the drop.
NEW YORK, Aug 6- Major U.S. stock indexes ended little changed on Wednesday, as tensions in Ukraine and Russia and a failed merger between Sprint and T-Mobile offset gains in consumer staples shares.
Stocks fell Wednesday, with the S&P 500 at a two-month low, on unease about the standoff in Ukraine.
NEW YORK, Aug 6- U.S. stocks hovered near the unchanged mark on Wednesday in choppy trading as the potential for tension to escalate between Russia and Ukraine kept risk seekers in check.
Discussing Walgreen's decision to not reincorporate overseas and Washington's influence over corporate inversions, with CNBC contributors Jared Bernstein and Jim Pethokoukis.
*Russia has 20,000 troops on Ukraine border- NATO. NEW YORK, Aug 6- U.S. stocks rose on Wednesday after buyers stepped in as the S&P 500 hit a more than two-month low, but concern about an escalation of the Russia- Ukraine conflict and two nixed deals weighed on sentiment.
CNBC's Mary Thompson reports on the big decision to keep Walgreens in the U.S.
*Russia has 20,000 troops on Ukraine border- NATO. NEW YORK, Aug 6- U.S. stocks rose in morning trading on Wednesday after buyers stepped in as the S&P 500 hit a more than two-month low, but concern about an escalation of the Russia- Ukraine conflict and two nixed deals weighed on sentiment.
*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.
**Rupert Murdoch's Twenty-First Century Fox decided to pull its $80 billion offer to buy Time Warner Inc on Tuesday, abandoning plans to create one of the world's largest media conglomerates.