Bhinneka News Online: Breaking business news: CVS, Aetna executives expect to save by reducing redundancy

Monday, 4 December 2017

Breaking business news: CVS, Aetna executives expect to save by reducing redundancy

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Monday, December 4, 2017

CVS, Aetna executives expect to save by reducing redundancy

NEW YORK (Reuters) - CVS Health Corp and Aetna Inc top executives on Monday defended their planned merger to Wall Street analysts who questioned the merits of the $69 billion deal, promising both near- and long-term savings for the combined company as well as benefits for consumers.

Wall St. opens higher on Senate tax bill approval

(Reuters) - Wall Street's main indexes surged at the opening on Monday after the U.S. Senate passed its version of a tax overhaul bill, bringing closer to reality President Donald Trump's promise of cutting corporate taxes to spur growth.

Broadcom unveils 11-nominee slate for Qualcomm board

(Reuters) - Chipmaker Broadcom Ltd took its first formal step toward a hostile bid to take over Qualcomm Inc on Monday, unveiling a slate of 11 nominees to the board of the U.S. semiconductor firm.

Shares of big U.S. banks rise as Senate approves tax overhaul

(Reuters) - Shares of the biggest U.S. banks were higher after the Senate approved a tax overhaul bill on Saturday, which will provide significant tax cuts for businesses.

Bitcoin dips below $11,000 after setting another record high

LONDON (Reuters) - Bitcoin dipped back under $11,000 on Monday, coming off a record high just shy of $11,800 it hit on Sunday after a surge from less than $1,000 at the start of the year.

Ireland expects Apple back tax in escrow account in first quarter, 2018: minister

BRUSSELS (Reuters) - Ireland expects iPhone maker Apple to start paying up to 13 billion euros ($15.4 billion) in back taxes into an escrow account in the first quarter of 2018, the finance minister said on Monday.

U.S. corporate alternative minimum tax should be removed: House Republican

WASHINGTON (Reuters) - The alternative minimum tax on corporations, which had been included in the U.S. Senate's tax bill, should be eliminated in the final legislation, Kevin McCarthy, the No. 2 Republican in the House of Representatives, said on Monday.

VW aims at ride-pooling market with all-electric minibus

BERLIN (Reuters) - Volkswagen has unveiled an all-electric minibus to target urban customers who prefer to pay for use rather than own a vehicle, furthering the German company's push into new forms of online-controlled personal transport services.

Confusion reigns as banks scramble to price FX, bond research under EU markets revamp

LONDON (Reuters) - How much are you worth? For the FX and bond analysts covering the world's biggest markets, how much to charge for their time and research remains in question just a month away from sweeping new rules that require fund managers to pay for these services.

Global air passenger traffic demand up 7.2 percent in October: IATA

Global demand for air travel climbed 7.2 percent in October, rebounding after September was disrupted by hurricanes, the International Air Transport Association (IATA) said on Monday.