Obama’s inversion curbs kill Pfizer’s $160 billion Allergan deal
NEW YORK (Reuters) – U.S. drug maker Pfizer Inc agreed on Tuesday to terminate its $160 billion agreement to acquire Botox maker Allergan Plc, in a major victory to U.S. President Barack Obama’s drive to stop tax-dodging corporate mergers.
Ford announces $1.6 billion investment in Mexico, derided by Trump
DETROIT/WASHINGTON/MEXICO CITY (Reuters) – Ford Motor Co on Tuesday announced it would invest $1.6 billion to build more small cars in Mexico, starting in 2018, triggering a fresh blast of criticism from Republican front-runner Donald Trump.
After rally, earnings gloom takes hold on Wall Street
(Reuters) – Wall Street fell sharply on Tuesday as investors took gains off the table following a recent rally and ahead of an upcoming quarterly reporting season that is expected to reveal sharply lower earnings.
Airlines in Asia could get a lift from Alaska-Virgin merger
(Reuters) – Alaska Air Group Inc’s plan to buy Virgin America Inc makes the company a more attractive partner to Asian airlines looking for extra revenue from connecting passengers to flights within the United States, industry executives and experts sa…
U.S. Justice Dept will sue to stop Halliburton, Baker Hughes merger: source
(Reuters) – The U.S. Justice Department will file a lawsuit as soon as this week to stop oilfield services provider Halliburton Co from acquiring smaller rival Baker Hughes Inc, a source familiar with the matter said on Tuesday.
As Apple plots India push, Samsung stakes turf with revamped phones
MUMBAI/SEOUL (Reuters) – Samsung Electronics Co Ltd is regaining smartphone share in India with a revamped line-up packed with special features including a safety mode for motorcyclists, as rival Apple Inc readies a renewed push into the world’s fastes…
Wal-Mart to switch to cage-free egg supply chain by 2025
(Reuters) – Wal-Mart Stores Inc said on Tuesday it was aiming to phase out the sale of eggs from caged hens by 2025, becoming the largest and most influential food retailer to set a deadline for switching to cage-free eggs.
Disney executive search may mean longer stay for CEO Iger: analysts
LOS ANGELES (Reuters) – Walt Disney Co Chief Executive Bob Iger could be asked to postpone his retirement a third time to help smooth the transition to a new leader of the storied media company, analysts suggested after Monday’s surprise resignation of…
Exclusive: Pfizer leaning toward abandoning deal with Allergan – source
(Reuters) – Drugmaker Pfizer Inc is leaning toward abandoning its $160 billion agreement to buy Allergan Plc in light of the U.S. Treasury’s new measures to curb such tax evading deals, a source familiar with the situation said on Tuesday.
Twitter to stream Thursday night NFL games in 2016 season
(Reuters) – The National Football League has chosen Twitter as its exclusive global partner for streaming its Thursday night games during the 2016 regular season, the parties said on Tuesday, a deal that could help the social media site expand its user…
