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Jack Lew

A collection of news and information related to Jack Lew published by this site and its partners.

Top Jack Lew Articles

Displaying items 34-44
  • AbbVie shares drop as tax rules cloud Shire deal

    AbbVie shares drop as tax rules cloud Shire deal
    Shares in North Chicago-based AbbVie and other drugmakers fell Tuesday after the Obama administration this week issued a string of new rules to crack down on U.S. companies that seek to cut their tax bills by moving their addresses abroad. AbbVie shares...
  • Obama calls for more aggressive fight against climate change

    Obama calls for more aggressive fight against climate change
    President Obama on Tuesday called on both emerging economies and world powers to take more aggressive steps to slow climate change, saying "nobody gets a pass” on addressing the foremost challenge of the century. In brief remarks at the U.N....
  • Stricter tax inversion rules punish stocks of firms mulling such moves

    The Obama administration's tougher rules on offshore corporate inversions had an immediate effect Tuesday, pushing down the stock prices of companies considering such moves. But the highly technical changes to the tax code did not appear to go far...
  • The best way to keep companies in U.S.

    The best way to keep companies in U.S.
    The Obama administration is highly exercised about "inversion," the practice by which an American corporation acquires a foreign company and moves its headquarters out of the U.S. to benefit from lower tax rates abroad. Not fair, says President Barack...
  • Medicare's pleasant surprise [Editorial]

    Medicare's pleasant surprise  [Editorial]
    Between the crises in the Middle East and Ukraine and the outbreak of Ebola in West Africa, it's difficult to get domestic news on the front page this week, let alone good news. But the improved finances of Medicare deserve the public's attention,...
  • IMF urges Congress to back reforms giving fund more clout

    IMF urges Congress to back reforms giving fund more clout
    WASHINGTON — The U.S. made clear this week that it wants the International Monetary Fund to be the emergency lender for countries like Ukraine, but American lawmakers have persistently refused to give the IMF the additional financial firepower...
  • Obama takes aim at firms that shift profits overseas to avoid taxes

    The Obama administration called out corporate America for its growing use of a tactic to avoid paying taxes and urged lawmakers to act quickly to put a halt to the maneuver. In a sharply worded letter to key congressional tax code writers, Treasury...
  • AbbVie to buy drugmaker Shire in nearly $55 billion deal

    AbbVie to buy drugmaker Shire in nearly $55 billion deal
    AbbVie Inc. has inked a nearly $55 billion deal to acquire drugmaker Shire PLC, the companies announced in a joint statement Friday morning. The deal, the largest of a year filled with merger and acquisition activity, will allow the North Chicago-...
  • AbbVie to Buy Shire for $54.8 billion in biggest inversion

    AbbVie to Buy Shire for $54.8 billion in biggest inversion
    AbbVie Inc. is buying Shire for nearly $55 billion, the largest deal in a year filled with merger and acquisition activity, and the latest example of companies taking foreign addresses to cut taxes. The deal will allow North Chicago-based pharmaceutical...
  • AbbVie to buy Shire in $55-billion deal that slashes tax rate

    AbbVie to buy Shire in $55-billion deal that slashes tax rate
    Illinois drug maker AbbVie Inc. said Friday it would buy European rival Shire for $55 billion and reincorporate in Britain, allowing the company to slash its tax rate in the latest move by an American firm to shelter its foreign earnings. The deal...
  • AbbVie-Shire deal puts more pressure on Congress to overhaul tax code

    A massive pharmaceutical merger that will send the headquarters of a major U.S. drug maker overseas ramps up pressure on Congress to curtail the ability of companies to shelter foreign earnings. Illinois drug maker AbbVie Inc. said Friday that it...