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Taxes: Inversion turmoil

cnbc.com — More companies are crossing borders to escape U.S. taxes. This week, President Obama urged American companies to be economic patriots. Politico¿s Chief Economic Correspondent Ben White and CRT Capital¿s Chief Investment Office Alison Deans debate the nation¿s tax bill and companies considering renouncing their American citizenship to avoid corporate taxes.

Hard to see how Russia can ever be let back into G7 club - Canada PM

cnbc.com — OTTAWA, July 26- It is hard to envisage how Russia could ever be allowed back into the Group of major industrialized nations, given Moscow's aggression in Ukraine, Canadian Prime Minister Stephen Harper said on Saturday. Russia formally joined the G7 in 1998, when the body was renamed the G8.