Futures lower after U.S. strikes in Syria; inversion moves 7:50am EDT

NEW YORK - U.S. stock index futures were moving lower on Tuesday, putting the S&P on track for a third straight decline, as conflict in the Middle East intensified and after the U.S. Treasury moved to curb "tax inversion" deals.

Inter-American Development Bank President Luis Alberto Moreno (L) and Allianz Chief Economic Advisor Mohamed El-Erian discuss the role of the private sector in global development during the Bretton Woods Committee annual meeting at World Bank headquarters in Washington May 21, 2014.  REUTERS/Jonathan Ernst

El-Erian would have done things differently

NEW YORK - Mohamed El-Erian expected to go quietly. The one-time heir apparent to Pimco investment chief Bill Gross had no idea leaving the firm would create a fire storm, and he gave no real consideration to staying on and working less.  Full Article 

A man talks on his phone underneath a Burger King logo outside the restaurant in the Brooklyn borough of New York August 25, 2014.     REUTERS/Carlo Allegri

Treasury moves against tax 'inversion' deals

WASHINGTON - Moving against tax avoidance by corporations, the Obama administration took several actions to curb "inversion" deals that allow companies to escape high U.S. taxes by reincorporating abroad.  Full Article 

Israeli soldiers patrol the border between Syria and Israel, close to the northern Druze village of Majdal Shams, in the Golan Heights May 20, 2011. REUTERS/ Nir Elias

Israel downs Syrian warplane

JERUSALEM - Israel shot down a Syrian warplane, saying the aircraft crossed the battle lines of Syria's civil war and flew over the Israeli-held Golan Heights, perhaps by accident.  Full Article 

Alibaba Group Holding Ltd. founder Jack Ma greets traders at the New York Stock Exchange as he celebrates the company's initial public offering (IPO) under the ticker "BABA" in New York September 19, 2014.   REUTERS/Lucas Jackson

China rich list missing currency of politics

Tech tycoons now dominate the latest Hurun China Rich List, but Breakingviews' Peter Thal Larsen says political connections are the more important measurement.  Video | Commentary 

A trader reacts at Frankfurt stock exchange January 29, 2014. REUTERS/Ralph Orlowski

Frankfurt exchange's dream turns to nightmare

In the drive to win Chinese listings from tough competition in New York and London, officials at the Frankfurt Stock Exchange may not have fully appreciated the risks.  Full Article 

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Breakingviews: No Philips quick fix

Philips may be splitting its 120-year old company into two, but its problems can't be solved by flicking a switch, says Reuters Breakingviews.