Marketplace Morning Report for Tuesday September 23, 2014
First up, we have details of a new Obama Administration crackdown on the corporate tax reduction scheme known as the "inversion." That's the controversial maneuver where a U.S. company acquires a foreign firm, in part to lower its U.S. tax bill by taking a foreign street address. Now, the Treasury Department has taken a big step toward thwarting the practice. Plus, China's online commerce giant Alibaba trades on the New York Stock Exchange as of Friday. But investors are awaiting another big new stock to hit the market. The price of the new shares of Citizens Financial Group are expected to be set later today in what could be the largest bank IPO since Goldman Sachs in 1999. But, it's a stock offering born in adversity. And $4 might get you a fancy cup of coffee...maybe. But at a handful of Walmarts in the South, store employees can get a medical checkup for $4.The company just opened up two more primary care clinics in Macon, Georgia and Tyler, Texas.
First up, we have details of a new Obama Administration crackdown on the corporate tax reduction scheme known as the “inversion.” That’s the controversial maneuver where a U.S. company acquires a foreign firm, in part to lower its U.S. tax bill by taking a foreign street address. Now, the Treasury Department has taken a big step toward thwarting the practice. Plus, China’s online commerce giant Alibaba trades on the New York Stock Exchange as of Friday. But investors are awaiting another big new stock to hit the market. The price of the new shares of Citizens Financial Group are expected to be set later today in what could be the largest bank IPO since Goldman Sachs in 1999. But, it’s a stock offering born in adversity. And $4 might get you a fancy cup of coffee…maybe. But at a handful of Walmarts in the South, store employees can get a medical checkup for $4.The company just opened up two more primary care clinics in Macon, Georgia and Tyler, Texas.
