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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Pressure grows on Volkswagen as bad news piles up

The fallout from Volkswagen's emissions-cheating scandal intensified Wednesday, as investors bailed out and European regulators pressured VW to quickly disclose the findings of an internal investigation. In the U.S., the ...

dateNov 04, 2015 in Business
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Airbnb promises to play fair with cities

Airbnb dialed down its battle rhetoric Wednesday, promising to pay taxes and not cut into long-term housing amid criticism it unfairly competes with hotels and has exacerbated a San Francisco housing crisis.

dateNov 11, 2015 in Business
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