What hedge funds are buying

The 50 largest funds snapped up shares of big health care names such as Allergan (AGN), Actavis (ACT), and Covidien (COV) in the second quarter in an effort to capitalize on the wave of mergers and acquisitions in the sector, according to data from FactSet.

EU leaders discuss fight against tax evasion

BRUSSELS: European Union leaders on on Wednesday sought to advance their fight against tax fraud and close the loopholes for large corporations' tax avoidance schemes.

World stocks stall without central bank moves

PARIS (AP) — Global stock markets stalled Monday as the absence of stimulus action by central banks in the U.S. and China dismayed investors while signs of a weakening economy in Germany showed the increasing impact that the eurozone debt crisis is having.

Wall Street retreats from 4-year high on China worries

NEW YORK: US stocks retreated from a near 4-year high on Tuesday on signs that indicated China's economy may be slowing.