Reuters Money: Pfizer's designs on AstraZeneca stir tax envy among rivals

	Click to View in Browser 05/1/2014 Pfizer's designs on AstraZeneca stir tax envy among rivals NEW YORK (Reuters) - Rumors about a massive healthcare deal were circulating in industry circles, months before Pfizer Inc disclosed its $100 billion pursuit of Britain's AstraZeneca Plc, according to several industry bankers and lawyers. Republicans to push anti-Obamacare message in Senate hearings WASHINGTON (Reuters) - Republicans are relishing the chance to use confirmation hearings for Sylvia Mathews Burwell, President Barack Obama's nominee as U.S. health secretary, to re-energize their election-year attacks on his signature healthcare initiative. Pimco Total Return rises 0.74 percent in April: Morningstar NEW YORK (Reuters) - The Pimco Total Return Fund, the world's largest bond fund run by veteran money manager Bill Gross, rose 0.74 percent in April, trailing 68 percent of its peers, according to preliminary data from Morningstar. Invesco's first-quarter profit falls 15.5 percent NEW YORK (Reuters) - Invesco Ltd, which oversees the PowerShares line of exchange-traded funds, said on Thursday that its first-quarter profit fell 15.5 percent, pressured by an increase in business operating expenses that included a fine from British regulators. Credit Suisse's Greg King joins ETF firm Global X NEW YORK (Reuters) - Credit Suisse AG's former head of exchange-traded products, Greg King, has joined New York-based ETF sponsor Global X Management Company LLC to head product development and strategic ventures, the company said on Thursday. Fed shows faith in U.S. economy with bond-buying reduction WASHINGTON (Reuters) - The Federal Reserve on Wednesday looked past a dismal reading on first quarter U.S. growth and gave a mostly upbeat assessment of the economy's prospects as it announced another cut in its massive bond-buying stimulus. How to give Grandma more than just a spare room NEW YORK (Reuters) - When it came time for Tom Moser and his wife to consider having his 83-year-old father move in with them, a house with a special multigenerational floor plan solved their problems - and may have saved his dad's life. New California law gives tax break to for-profit space explorers SACRAMENTO, California (Reuters) - For-profit space explorers who make California their headquarters will not have to pay property taxes on their rockets and space stations under a bill signed Tuesday by Governor Jerry Brown. Leading investors lift equity holdings; cut bonds, emerging stocks LONDON (Reuters) - The world's top investors added exposure to equities this month and cut bonds and cash as they grew increasingly confident that geopolitical tensions are unlikely to derail the global economic recovery, Reuters polls showed on Wednesday. Fidelity Contrafund cut Yahoo stake by 28 percent in first quarter BOSTON (Reuters) - Fidelity Investments' Contrafund, the largest mutual fund shareholder in Yahoo Inc, slashed its stake in the Internet company by 28 percent in the first quarter, according to the fund's latest disclosure. Related Video Twitter's user growth #'s just weren't good enough- Patil Stocks flip-flop, deals give stability Business News ExxonMobil profits pumped higher on natural gas price boost Solid consumer spending buoys growth outlook The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend