Sen. Elizabeth Warren misunderstands the Burger King-Tim Hortons inversion deal, Andrew Ross Sorkin says.» Read More
The SEC said Judy Wolf, then at Wells Fargo Advisors LLC, in 2010 closed an internal review of a Brazil- based broker's trading with no findings. The SEC said its staff spotted the alteration after Wells Fargo provided the document as part of the commission's investigation. "Regardless of her motivation, her conduct was inconsistent with what the SEC expects of...
Oct 15- Major U.S. drugmaker AbbVie Inc said on Wednesday it was reconsidering a $55 billion bid for Ireland's Shire Plc, marking a setback for "inversion" deals in which U.S. companies reincorporate abroad to cut tax costs. Steris Corp said on Monday it has offered to buy Britain's Synergy Health Plc for about $1.9 billion in a deal that would shift Steris' tax...
-Michael Barnes, Darden director since 2012. Chief Executive Officer of Signet Jewelers Ltd.- Christopher Fraleigh, Darden director since 2008. Chairman and CEO of Shearer's Foods Inc.- Michael Rose, Darden director since 1995. Chairman of Midaro Investments Inc.- Maria Sastre, Darden director since 1998. President and chief operating officer of Signature...
Items introduced last year by big restaurant chains clocked in at 12 percent fewer calories, a new study found.
From nugget wars to getting rid of extra costs, restaurants are pulling out the stops to get you in the door.
Some of Monday's midday movers.
If speed is of the essence, here's when you should be visiting the drive-thru.
Co-founder and managing partner, 3G Capital
Mergers have hit a level not seen since the financial crisis, and there is a way for investors to profit from the M&A frenzy—in one trade.
Oct 2- Warren Buffett, the billionaire chairman and chief executive officer of conglomerate Berkshire Hathaway Inc, praised Coca-Cola's altered executive compensation plan on Thursday. Buffett also said Burger King Worldwide Inc's $11.5 billion purchase of Tim Hortons Inc was not a tax-motivated deal. " Berkshire committed $3 billion in preferred equity...
Warren Buffett won't name names, but he told CNBC the companies were "names you'd recognize."
The billionaire investor announces on CNBC he's buying Van Tuyl Group, the nation's largest privately held car dealership chain.
The ongoing burger wars show no sign of slowing down globally.
TORONTO, Sept 30- Canada is not a tax haven but its government is always looking to make the country more attractive to foreign investors, Canadian Finance Minister Joe Oliver said on Tuesday. Last month, Burger King Worldwide Inc proposed an $11.5 billion cash-and-stock acquisition of Canada's Tim Hortons Inc..
The new tax-inversion rules will trip up a lot of companies but they're not going to stop the practice, says former asst US attorney Mitchell Epner.
Sept 23- Moody's Investors Service said it may review the credit implications for pending tax-inversion deals in the healthcare and pharmaceutical sector if U.S. Affected companies include Medtronic Inc, Mylan Inc, Salix Pharmaceuticals, Auxilium Pharmaceuticals and AbbVie Inc..
*Action may deter Pfizer from returning to bid for AstraZeneca. WASHINGTON/ NEW YORK, Sept 23- Tough new U.S. rules on corporate "inversions" on Tuesday sent a chill through the market for the tax-avoidance deals, both pending and potential, with share prices falling sharply in nearly a dozen companies on both sides of the Atlantic.
Some of Tuesday's midday movers:
*Action may deter Pfizer from returning to bid for AstraZeneca. Burger King, which is in the process of an inversion deal with Canada's Tim Horton's, said Tuesday it would proceed with its $11.5 billion deal despite the Treasury actions, saying the transaction was not about the tax benefits.
*May deter Pfizer from returning to bid for AstraZeneca. LONDON, Sept 23- Shares in drugmakers AstraZeneca and Shire fell sharply on Tuesday after the U.S. The move could jeopardize an agreed deal for AbbVie to buy Shire for $55 billion and deter Pfizer from making another attempt to acquire AstraZeneca, after a $118 billion takeover attempt failed in May.