The Traderszone Network

Japan PPI Services for October comes in at +0.5% y/y
– expected +0.5% and prior was +0.5%, revised from +0.6%
Not a market moving data point for the yen usually… but its usually on time at least … v slow to come out today

Everyone bad-mouths the tax-avoiding move known as an inversion, yet there’s no real momentum to change the practice.

The computer maker split into two publicly traded companies earlier this month in an effort to trim costs and compete in a fast-paced market.

The Berkshire Hathaway CEO talks to Yahoo Finance about the Keystone pipeline, Coca-Cola and what keeps him up at night.

ZURICH/LONDON (Reuters) – Drugmaker Shire (SHP.L) is preparing to make a new takeover offer for U.S. biotech firm Baxalta (BXLT.N) that if successful will create one of the world’s leading specialists in rare diseases, a source with direct knowledge of the situation said on Tuesday. The London-listed group has asked its advisers to renew its bid effort, the source said, almost four months after Baxalta rejected an unsolicited $30 billion offer that it said significantly undervalued the company. Shire’s bid preparations come three weeks after it announced its $5.9 billion purchase of U.S.

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    The Commerce Department on Tuesday said the nation’s gross domestic product grew at a 2.1 percent annual pace, not the 1.5 percent rate it reported last month, as businesses reduced an inventory bloat less aggressively than previously believed. The pace of economic growth, which was also boosted by upward revisions to business spending on equipment, suggests a resilience that could help give the Federal Reserve confidence to raise interest rates next month. While consumer spending was revised down a bit, its pace remained brisk, suggesting consumers were cash-flush.

Tennessee-based Fedex Corp and Dutch counterpart TNT Express have won U.S. antitrust permission to merge, according to a listing of approved deals the Federal Trade Commission issued on Tuesday. The European …