The No. 3 U.S. Senate Democrat has circulated a draft proposal to crack down on U.S. companies that invert, or merge with foreign competitors to get lower tax rates, and it would apply to deals as far back as 1994.
The British government is not making contingency plans for the possibility that Scots will vote for independence on Sept. 18, a spokesman for Prime Minister David Cameron said on Monday.
After threatening to destroy and degrade Islamic State militants, the United States will court skeptical Gulf Arab allies this week and consider expanding training and arming of moderate Syrian rebels to lead the fight against the jihadists.
Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors LP hedge fund, was sentenced on Monday to nine years in prison for engaging in what authorities called the most lucrative insider trading scheme in U.S. history.
