Shares of big U.S. banks jump as Senate approves tax overhaul
(Reuters) – Shares of the biggest U.S. banks rose on Monday, after the Senate approved a tax overhaul bill on Saturday, raising investor hopes that their earnings would get a boost from a significantly lower tax bill.
Broadcom launches 11-nominee slate for Qualcomm board
(Reuters) – Chipmaker Broadcom Ltd made its first formal move toward a hostile bid to take over Qualcomm Inc on Monday, laying out a slate of 11 nominees it wants to put on the board of the U.S. semiconductor firm.
Wall Street cheers Senate’s approval of tax bill
(Reuters) – Wall Street indexes surged on Monday after the U.S. Senate passed its version of a tax code overhaul, bringing the Republicans closer to implementing corporate tax cuts.
India fines Monsanto for delays in answering anti-trust questions
NEW DELHI (Reuters) – India’s anti-trust regulator has fined Monsanto Co 15 million rupees ($233,000) for being too slow in replying to questions in a competition probe into the U.S. seeds company.
CVS, Aetna executives defend $69 billion deal with eye on savings
NEW YORK (Reuters) – CVS Health Corp and Aetna Inc top executives on Monday defended their planned merger to Wall Street analysts who questioned the $69 billion deal, promising both near- and long-term savings for the combined company.
Bitcoin dips below $11,000 after setting another record high
LONDON (Reuters) – Bitcoin dipped back under $11,000 on Monday, coming off a record high just shy of $11,800 it hit on Sunday after a surge from less than $1,000 at the start of the year.
CVS, Aetna executives expect to save by reducing redundancy
NEW YORK (Reuters) – CVS Health Corp and Aetna Inc top executives on Monday defended their planned merger to Wall Street analysts who questioned the merits of the $69 billion deal, promising both near- and long-term savings for the combined company a…
Wall St. opens higher on Senate tax bill approval
(Reuters) – Wall Street’s main indexes surged at the opening on Monday after the U.S. Senate passed its version of a tax overhaul bill, bringing closer to reality President Donald Trump’s promise of cutting corporate taxes to spur growth.
Broadcom unveils 11-nominee slate for Qualcomm board
(Reuters) – Chipmaker Broadcom Ltd took its first formal step toward a hostile bid to take over Qualcomm Inc on Monday, unveiling a slate of 11 nominees to the board of the U.S. semiconductor firm.
U.S. corporate alternative minimum tax should be removed: House Republican
WASHINGTON (Reuters) – The alternative minimum tax on corporations, which had been included in the U.S. Senate’s tax bill, should be eliminated in the final legislation, Kevin McCarthy, the No. 2 Republican in the House of Representatives, said on Mond…
