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Friday, July 18, 2014

Daily Investor Briefing: U.S. drugmaker AbbVie finally wins...

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07/18/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
U.S. drugmaker AbbVie finally wins Dublin's Shire with $55 billion deal
LONDON (Reuters) - U.S. drugmaker AbbVie Inc bought Dublin-based Shire Plc on Friday in a 32 billion pound ($54.7 billion) deal that will allow it to slash its tax bill by relocating to Britain.
Wall St. rebounds to end higher for the week
NEW YORK (Reuters) - Stocks rose on Friday, rebounding a day after the S&P 500 suffered its worst drop since April 10. The three major U.S. stock indexes closed higher for the week.
For big U.S. banks, June's trading bonanza may not persist: executives
NEW YORK (Reuters) - U.S. banks posted stronger-than-expected trading results in the second quarter due to surprisingly active markets in June, but bank executives stopped short of saying the good times would continue.
Exclusive: Morgan Stanley rebuilds in commodities trading
NEW YORK (Reuters) - After more than a year of scaling back in commodities, Morgan Stanley is ready to expand.
U.S. consumer sentiment dips in preliminary July reading
NEW YORK (Reuters) - U.S. consumer sentiment dipped in early July while an index of consumer expectations weakened for a third straight month, a survey released on Friday showed.
U.S. judge OKs warrant for Google user's emails, stoking debate
NEW YORK (Reuters) - A federal judge in New York has granted prosecutors access to a Gmail user's emails as part of a criminal probe, in a decision that could fan the debate over how aggressively the government may pursue data if doing so may invade people's privacy.
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.
Murdoch says he cannot buy Tribune or LA Times
LOS ANGELES (Reuters) - Twenty-First Century Fox cannot buy publisher Tribune Co or its Los Angeles Times newspaper, Fox Chief Executive Rupert Murdoch wrote on Twitter on Friday, citing U.S. laws on media ownership.
Sotheby's to cut jobs to cut costs
(Reuters) - Sotheby's said it would cut an unspecified number of jobs to cut cost, months after ending a long-running battle with billionaire investor Daniel Loeb by appointing him to its board.
Stanford's Ponzi victims cannot file compensation claims: U.S. court
WASHINGTON (Reuters) - A U.S. appeals court dealt a blow to the victims of financier Allen Stanford's Ponzi scheme on Friday, ruling that they were not eligible under federal law to file claims seeking compensation for their losses.
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