Business news

US Treasury ramps up war on tax-evading mergers

The US Treasury announced new measures Thursday to block "inversion" mergers designed to let companies avoid US taxes, placing a possible obstacle to Pfizer's potential $150 billion mega takeover of Ireland-based Allergan.

dateNov 19, 2015 in Business
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Square flies high in Wall Street debut

Mobile payments startup Square vaulted higher in its Wall Street debut Thursday a day after a hefty markdown of its public offering price amid concerns over tech valuations.

dateNov 19, 2015 in Business
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