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The major US indexes were virtually unchanged at the close of a quiet trading day on Wednesday with gains in healthcare and consumer stocks after data showed US modest economic growth.
Pfizer's ownership share would fall below the 60% threshold to qualify as a tax inversion under the USA tax code, said Robert Willens, an worldwide tax law expert based in NY City.
The retail industry is reeling from a wave of cybersecurity breaches uncovered since Target was hit during the 2013 holiday season.
Less than a year after federal regulators forced Albertsons Co. to sell off more than a 146 grocery stores as part of a $9.2 billion merger with Safeway, the grocery chain has started buying them back for pennies on the dollar.