Marketplace Morning Report for Wednesday September 24, 2014
India is celebrating its Sputnik moment with news it successfully put an unmanned/unwomaned craft into Mars orbit. It was a mission accomplished on the cheap, quieting critics who thought there were better uses for this money. Plus, the west-coast grocery chain "Smart and Final" aims to raise $100 million selling a brand new stock today. The company plans to expand a line of stores that are something like small Costco without appliances or membership fees. And a day after the Obama administration moved to clamp down on the corporate tax-cutting maneuver known as the "inversion," there are reports that at least two big U.S. companies are undeterred. More on the news that the big drugs company Pfizer is still interested in buying Actavis and that Burger King will move forward on buying Tim Horton's of Canada.
India is celebrating its Sputnik moment with news it successfully put an unmanned/unwomaned craft into Mars orbit. It was a mission accomplished on the cheap, quieting critics who thought there were better uses for this money. Plus, the west-coast grocery chain “Smart and Final” aims to raise $100 million selling a brand new stock today. The company plans to expand a line of stores that are something like small Costco without appliances or membership fees. And a day after the Obama administration moved to clamp down on the corporate tax-cutting maneuver known as the “inversion,” there are reports that at least two big U.S. companies are undeterred. More on the news that the big drugs company Pfizer is still interested in buying Actavis and that Burger King will move forward on buying Tim Horton’s of Canada.
