| Jul 17, 2014
| 6:55 AM
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...
| Jul 18, 2014
| 8:20 AM
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-...
| Jul 18, 2014
| 4:51 PM
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...
| Jul 19, 2014
| 6:13 PM
A merger between America's top slot-machine manufacturer and Europe's biggest gaming operator will create a gambling giant that manages lotteries and slots networks worldwide — and adds to the urgency for a political crackdown on U.S. companies...
| Jun 12, 2014
| 11:29 AM
In two recent online columns, The Times' Michael Hiltzik claimed that I, in testimony before the U.S. Senate Finance Committee on May 10, 2011, supported his argument that Social Security "can't contribute to the federal deficit."
That assertion is...
| Mar 26, 2014
| 6:40 AM
WASHINGTON -- Treasury Secretary Jacob J. Lew had successful outpatient surgery on Tuesday but remained at a New York area hospital overnight because of a low-grade fever, a Treasury Department spokeswoman said.
Lew, 58, underwent the procedure to treat...
| Apr 12, 2014
| 7:14 PM
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...
| Sep 27, 2013
| 12:30 PM
It was just over two years ago when Congress last fought about increasing the nation's borrowing limit. After that battle, ratings agency Standard & Poor's downgraded the credit rating of the United States by one notch, and the S&P 500 stock index...
| Oct 9, 2013
| 6:17 PM
Until recently, the markets largely ignored the political jockeying over whether to raise the federal debt ceiling, figuring there's no way Congress would purposely default on the nation's obligations and potentially throw the U.S. economy into another...
| Oct 23, 2013
| 2:30 PM
After three weeks of political wrangling, the federal government is open and the debt ceiling has been increased. The good news/bad news is that there's a 90-day grace period before the next potential round of budget/debt ceiling debates. Now the fun...
| Feb 11, 2014
| 2:43 PM
WASHINGTON - The U.S. House of Representatives approved legislation Tuesday to extend the nation’s borrowing capacity for another year, all but ensuring that Congress’ recent fiscal cease-fire extends through the summer.