Check out the companies making headlines midday Friday: Celgene — Shares of Celgene rose 6.58 percent after proxy advisors Institutional Shareholder Services and Glass Lewis recommended that Bristol-Myers Squibb shareholders vote in favor of its bid to buy Celgene. The recommendations come weeks before shareholders vote on the $74 billion buyout of the biotechnology company.
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Betting on Wells Fargo might not be a safe bet, according to one strategist. The stock caught Wall Street’s attention Thursday following the company’s announcement that CEO Tim Sloan was retiring effective immediately. Shares initially surged on the news in after-hours trading before reversing and shedding over 1.5 percent in Friday’s session. But even these
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The terms “wealth management” and “viral sensation” are rarely used in the same sentence. Andy Rachleff, co-founder of the robo-advisor Wealthfront, is betting his retirement years he can change that. After a career spent investing in Silicon Valley start-ups, Rachleff is looking to take robo-advising the way of household tech names like Netflix. He and
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Shares RH, the company formerly known as Restoration Hardware, plunged nearly 19 percent Friday morning after it cut its 2019 forecast, suggesting that the company’s new strategy will take longer to pay off than originally expected. Late Thursday, RH posted its fiscal fourth-quarter results, which were mixed as revenue fell short of expectations. The high-end
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John Delaney understands investing. Before entering politics, he made a fortune by founding finance companies that raised $20 billion in capital for businesses. Which lends extra credibility to one proposal in Delaney’s long-shot 2020 presidential campaign. He wants to raise the 20 percent top tax rate on long-term capital gains, saying investors no longer need
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Knight-Swift Transportation Phil Camporeale was a buyer of the S&P 500 ETF Dan Nathan was a seller of Micron Guy Adami was a buyer of Dollar General Trader disclosure: On March 28, 2019 the following stocks and
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Google removed an app that promoted so-called “conversion therapy” from its Play Store, following pressure from an LGBT rights lobby. The app was made by Texas-based Christian group Living Hope Ministries, which claims it helps gay people with “leaving” their sexuality. “After consulting with outside advocacy groups, reviewing our policies, and making sure we had
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As funding for coal- and gas-fired power generation continues to decline, investors long leery of so-called “clean tech” plays are taking a shine to renewable-energy start-ups and other carbon-reducing technologies. According to reports from the International Energy Agency, electricity investments are flowing toward renewables, networks and flexibility, while at the same time more than 100
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