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Wall St Pares Gains As Retailers Tumble; Crude Oil Soars 6%

2016-04-08 20:04:05| Footwear - Topix.net

U.S. stocks pared healthy gains Friday as consumer-discretionary stocks, mainly retail and apparel companies like Gap Inc. ,sank, shifting investors' focus to shaky coming quarterly results. Meanwhile, crude prices were enjoying their best rally since February, aiding a surge in energy companies and offering a countervailing force to the market's laggards.

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2016 takes nightmarish turn, mega deals morph into mega problems for Wall Street

2016-04-07 12:59:33| Biotech - Topix.net

The new U.S. rules do not directly affect most inversion deals, in which an American company buys a foreign counterpart. If 2015 was a dream year for Wall Street's top dealmakers, 2016 is starting to take a nightmarish turn.

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2016 takes nightmarish turn, mega deals morph into mega problems for Wall Street

2016-04-07 11:04:04| Energy - Topix.net

The new U.S. rules do not directly affect most inversion deals, in which an American company buys a foreign counterpart. If 2015 was a dream year for Wall Street's top dealmakers, 2016 is starting to take a nightmarish turn.

Tags: street problems turn takes

 

Mega deals morph into mega problems for Wall Street

2016-04-07 10:23:00| Oil & Gas - Topix.net

If 2015 was a dream year for Wall Street's top dealmakers, 2016 is starting to take a nightmarish turn. Some of the mega transactions that had champagne corks popping in boardrooms are running into antitrust problems and, in the case of pharmaceutical firm Pfizer Inc's , political opposition to a deal that envisaged the biggest drug company in the United States moving to Ireland to lower its taxes.

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Wall Street Breakfast: Inversion Curbs To Kill Pfizer-Allergan Deal

2016-04-06 17:24:19| Biotech - Topix.net

Seeking Alpha's flagship daily business news summary, gives you a rapid overview of the day's key financial news. It is published at 6:30 AM ET every market day and delivered to 800,000 email subscribers Pfizer and Allergan will mutually terminate their mega merger this morning, sources told CNBC, after changes in U.S. tax codes dealt a death blow to the largest-ever heath sector deal.

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