27 July, 2014 by The TZ Newswire Staff Comments Off on Pfizer’s need for deal looms larger with earnings report
Pfizer’s need for deal looms larger with earnings report
Pfizer Inc’s vulnerability to cheaper generics and its weak roster of experimental medicines will be on display Tuesday when the company reports quarterly earnings, reviving interest in its pursuit of AstraZeneca Plc or other deals to fortify its pipeline. While many industry watchers expect Pfizer to re-engage with Britain’s AstraZeneca in coming months, some say the U.S. drugmaker should consider targets more focused on biotechnology, a strategy that has paid off for Merck & Co and Bristol-Myers Squibb Co.
27 July, 2014 by The TZ Newswire Staff Comments Off on Currencies: Dollar nearly flat against rivals ahead of data, FOMC
Currencies: Dollar nearly flat against rivals ahead of data, FOMC
Investors take to the sidelines ahead of the Fed meeting later this week, as they seek signs that the dollar is going to gain momentum.
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27 July, 2014 by The TZ Newswire Staff Comments Off on China’s minimum wage rising as rich-poor gap widens
China’s minimum wage rising as rich-poor gap widens
In China, a parade of city and provincial governments are rushing to raise the minimum wage, with the moves coming amid a recent widening of the already-large gap between rich and poor.
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27 July, 2014 by The TZ Newswire Staff Comments Off on Lew calls on Congress to close inversion loophole
Lew calls on Congress to close inversion loophole
The U.S. tax code needs a radical overhaul, Treasury Secretary Jack Lew writes in The Washington Post.
27 July, 2014 by The TZ Newswire Staff Comments Off on Obama could curb corporate ‘inversions’ on his own: ex-U.S. official
Obama could curb corporate ‘inversions’ on his own: ex-U.S. official
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. By invoking a 1969 tax law, Obama could bypass congressional gridlock and restrict foreign tax-domiciled U.S companies from using inter-company loans and interest deductions to cut their U.S. tax bills, said Stephen Shay, former deputy assistant Treasury secretary for international tax affairs in the Obama administration.
27 July, 2014 by The TZ Newswire Staff Comments Off on Which bailed out firm do you like?
Which bailed out firm do you like?
Last Monday marked the four-year anniversary of the Dodd-Frank bill. To mark the occasion, tell us what your top pick is among bailed out companies.