Business Today: U.S. drugmaker AbbVie finally wins Dublin's Shire with $55 billion deal

		Click to View in Browser 07/18/2014 U.S. drugmaker AbbVie finally wins Dublin's Shire with $55 billion deal LONDON (Reuters) - U.S. drugmaker AbbVie bought Dublin-based Shire on Friday in a 32 billion-pound ($54.7 billion) deal that will allow it to slash its tax bill by relocating to Britain. GE profit rises 13 percent, expects retail finance IPO end-July (Reuters) - General Electric Co reported a 13-percent jump in quarterly net income Friday on improved sales of its jet engines and oil and gas equipment, and said it was targeting the initial public offering of its private-label credit-card business for the end of the month. Wall St. set for slight gain after sell-off, GE results NEW YORK (Reuters) - U.S. stocks were poised for a slightly higher open on Friday, after the S&P 500 suffered its worst decline since April 10 and was on track for a second straight weekly decline, ahead of data on consumer sentiment. Apple should do more to tackle in-app purchases problem: EU BRUSSELS (Reuters) - Apple has provided no concrete and immediate solutions to tackle the problem of adults and children racking up credit card bills by making "in-app" purchases on tablets and mobile phones, the European Commission said on Friday. Google's business chief departs for SoftBank in latest leadership change SAN FRANCISCO (Reuters) - Google Inc's chief business officer, one of Chief Executive Officer Larry Page's key lieutenants and the company's main liaison to Wall Street, is leaving the Internet search company, the latest high-ranking executive to depart. Murdoch is pouncing on Time Warner while rivals are distracted NEW YORK (Reuters) - Rupert Murdoch looks to have been canny in his $80 billion takeover approach to Time Warner Inc, cornering the media giant at a time when potential "white knight" bidders are busy absorbing their own large deals. Smartphone suit against Google plays into rivals' hands SAN FRANCISCO (Reuters) - A U.S. consumer lawsuit accusing Google of monopolizing prime real estate on Android smartphones will help mobile rivals like Microsoft make their antitrust case with European regulators should damaging secrets emerge in court. Growth slightly lower than 7.5 percent 'acceptable': China's Li SHANGHAI/BEIJING (Reuters) - Chinese Premier Li Keqiang said economic growth of slightly more or less than 7.5 percent this year would be acceptable as long it still led to new jobs and higher wages, the official Xinhua news agency reported late on Thursday. Murdoch's tenacity is the trade in Time Warner-Fox face-off NEW YORK (Reuters) - Many investors say the best trading strategy around a potential takeover of Time Warner Inc by Twenty-First Century Fox is to wager that media baron Rupert Murdoch will pay up to get what he wants. The trick is that it may be too late to place the obvious bets. Google's executive shuffle highlights its growing ambitions SAN FRANCISCO (Reuters) - Google Inc's reshuffle of its senior ranks underscores the Internet company's evolving business ambitions, analysts say. Related Video Ericsson networks business is back on growth track – CEO Breakingviews: Post-crash sanctions Economic News ECB's Weidmann cites litany of long-term dangers from loose monetary policy IMF's Lagarde says financial markets 'perhaps too upbeat' on Europe A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend