Pfizer called off its 160 billion takeover of allergan after the Treasury Department issued new rules that tightened Corporate Tax loopholes. And as merger and acquisition activity picks up on wall street, the Justice Department filed suit to prevent two of the Largest Oil Field Services Companies halliburton and baker hughes from combining. Lets begin with the 34 billion pending takeover by halliburton of rival baker hughes which the two companies pursued in the wake of slumping oil prices. The government lawsuit argues that deal would cut competition in the industry to unacceptable levels. Shares of both companies rose in trading today. Eamon javers is with us now from washington. Good to see you as always, eamon. Hi, sue. The doj made really pretty tough assertions about this deal. Give us some of the details. Reporter yeah, they did, sue. In fact in a Conference Call with reporters where they broke down exactly why they took this action, doj officials said it was one of the worst a
After the Treasury Department issued new rules that tightened Corporate Tax loopholes. And as merger and acquisition activity picks up on wall street, the Justice Department filed suit to prevent two of the Largest Oil Field Services Companies halliburton and baker hughes from combining. Lets begin with the 34 billion pending takeover by halliburton of rival baker hughes which the two companies pursued in the wake of slumping oil prices. The government lawsuit argues that deal would cut competition in the industry to unacceptable levels. Shares of both companies rose in trading today. Eamon javers is with us now from washington. Good to see you as always, eamon. Hi, sue. The doj made really pretty tough assertions about this deal. Give us some of the details. Reporter yeah, they did, sue. In fact in a Conference Call with reporters where they broke down exactly why they took this action, doj officials said it was one of the worst antitrust cases theyd ever seen and said some deals ough
After the Treasury Department issued new rules that tightened Corporate Tax loopholes. And as merger and acquisition activity picks up on wall street, the Justice Department filed suit to prevent two of the Largest Oil Field Services Companies halliburton and baker hughes from combining. Lets begin with the 34 billion pending takeover by halliburton of rival baker hughes which the two companies pursued in the wake of slumping oil prices. The government lawsuit argues that deal would cut competition in the industry to unacceptable levels. Shares of both companies rose in trading today. Eamon javers is with us now from washington. Good to see you as always, eamon. Hi, sue. The doj made really pretty tough assertions about this deal. Give us some of the details. Reporter yeah, they did, sue. In fact in a Conference Call with reporters where they broke down exactly why they took this action, doj officials said it was one of the worst antitrust cases theyd ever seen and said some deals ough
Nasdaq futures under pressure as well. London and paris have wrapped up abbreviated sessions. Germany, among the abbreviated markets that are closed on this new years eve. The client is in europe following a pretty brutal month for european stocks. We have seen some selling of treasuries lately. Yields higher today. A bit of a different story. Crude oil, arguably the story of the year. Down again under pressure. Both wti and brent above 30,000 a barrel. Will the s p finish in the green for the year . New years eve celebrations already kicking off around the world. Some cities canceling plans over security concerns. George lucas opening up about his breakup with star wars saying he sold out to the white slaves. Disney down 10 since november. Can the s p finish the year in positive territory . Thats a question that will be answer in the final day of 2015. Nasdaq leading with a year to date gabe of 7 . 0. 2 . Just 4. 5 points positive for the year. The dow jones, nearly, 1. 25 . Mike with
Happened. Apparently just before 2 30 this afternoon a parent was leaving his house, according to family members say his two and a half year old daughter ran out after him. Police believe she was trying to run after her father to tell him goodbye and he may not have seen her and ended up hitting her with the front part of his truck. This is a very hard seen again to process because this involves a two and a half year old child and police say the father is being very cooperative, but it was also a very sad seen because the mother was clutching her daughter and didnt want to let her go and they gave them some time privately to grieve before they took the child away. When we talked to Police Officers earlier, again they were getting emotional too one of them says, this is a very hard situation for them to be in. Hard. Very hard. Any time you see child thats a young child hurt or deceased, its hard. Reporter Police Believe this could be a case known as goodbye syndrome, they say theres dat