The European Union has ruled against Apple ( (AAPL) ) and its tax arrangement with Ireland. The EU says Ireland gave Apple illegel tax breaks and must collect on those. The clawback could be between $200 million to $19 billion U.S. dollars. The Irish government says it will challenge the ruling as has the U.S. Treasury Department. Hershey ( (HSY) ) shares are lower after Mondelez pulled its offer to merge with the company. This puts an end to a months long takeover attempt that would have created the world's largest candy company. Hershey rebuffed a new bid from Mondelez last week, according to the Wall Street Journal. Two groups are suing Valeant Pharmaceuticals ( (VRX) ). They claim the company's relationship with specialty mail-order pharmacy Philidor Rx Services was illegal and allowed Valeant to overcharge and wrong charge for prescriptions.
More from Video
Amid the Selling, Here's the Big Question Now
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.