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Flag raised on deals to duck taxes

U.S. firms set up abroad, avoid hit

Posted: July 17, 2014 at 4:52 a.m.

The Obama administration is calling for immediate congressional action to stop U.S. companies from using cross-border mergers to escape the country's tax system, the latest trend in corporate deal-making.

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Factory output up again in June

A mechanic installs a safety cable on a jet engine last month at a General Electric factory in Cincinnati. Factory production rose 0.1 percent in June, the Federal Reserve said.

U.S. factory output increased for the fifth-straight month in June as manufacturers cranked out more aircraft... Read »

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Time Warner snubs Fox bid of $80 billion

People walk past the Time Warner Center in New York. The company on Wednesday rejected an offer valued at $80 billion to merge with 21st Century Fox, but further negotiations are likely, analysts said.

Rupert Murdoch's 21st Century Fox approached Time Warner last month about merging the two companies in a deal ... Read »