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U.S. weakens retirement advice rule, responding to industry
April 6, 2016 by admin · Leave a Comment
By Suzanne Barlyn and Lisa Lambert WASHINGTON (Reuters) – A new U.S. rule aimed at protecting retirement savers from profit-hungry brokers turned out to be much weaker than an initial proposal after the Obama administration bowed to pressure from the financial services…
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U.S. weakens retirement advice rule, responding to industry
move-overseas
Pfizer, Allergan scrap $160 billion deal after U.S. tax rule change
April 6, 2016 by admin · Leave a Comment
U.S. drugmaker Pfizer Inc and Ireland-based Allergan Plc walked away from their $160 billion merger on Wednesday, a major win for President Barack Obama, who has been pushing to curb deals in which companies move overseas to cut taxes. Pfizer said the decision was driven by new U.S. Treasury rules aimed at such deals, called inversions. The merger would have allowed New York-based Pfizer
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Pfizer, Allergan scrap $160 billion deal after U.S. tax rule change