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. let s 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 they d ever seen and
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. let s 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 wa
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. let s 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 they d ever seen and