Wall Street reacted on Tuesday to the Obama administration's regulatory moves to try to stop companies from leaving America via tax-lowering mergers and deals with companies in foreign jurisdictions.
U.S. stocks slipped Tuesday, as investors weighed mixed reports on global manufacturing and a move from the government to deter companies from moving abroad for tax benefits.
NEW YORK (Reuters) - U.S. manufacturing activity hovered at a near 4-1/2-year high in September and factory employment surged, supporting views of sturdy economic growth this quarter.
4:00 PM Frankfurt - Eurazeo sold remaining 7.13% stake in Rexel for �320 million. Mothercare will raised�100 million through rights offering.
(Adds Allergan's response; share movement). Sept 23 (Reuters) - Billionaire William Ackman's Pershing Square Capital Management said on Tuesday that it would sue botox-maker Allergan Inc if the company went ahead with a deal to buy drugmaker Salix ...