Daily Wrap Up - Sept 27
Equities' Exam; Tax Evaders Pressured; Kraft's Hostile Bid
Stocks' rally to be tested by jobs data
The rally in U.S. stocks, which stumbled in recent days on worries about the economic recovery and continued government stimulus, will be tested this week by crucial data on growth and jobs. Read Full Article here.
More tax cases vs wealthy, U.S. banks
The U.S. government is stepping up prosecutions of wealthy individuals dodging taxes through off-shore accounts, with new cases expected to be made public every couple of weeks, a top government attorney said on Saturday. Read Full Article here.
Kraft set to launch hostile Cadbury bid: report
Kraft Foods Inc is poised to launch a hostile bid for Cadbury Plc valuing the British confectionery business at around 11 billion pounds ($17.6 billion), a report in The Observer newspaper said. Read Full Article here.
Merkel wins as Germans choose centre-right
German voters gave Chancellor Angela Merkel a second term on Sunday and a mandate to partner with the pro-business Free Democrats (FDP) in a government that will rein in the role of the state in Europe's largest economy. Read Full Article here.
Madoff sons, brother, niece to be sued: report
Epic swindler Bernard Madoff's two sons, his brother and a niece will be sued this week for $198 million, the trustee winding down the Madoff firm told CBS News' 60 Minutes broadcast on Sunday. Read Full Article here.
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