Should Celgene Be Getting More Love?

When Celgene Corp. (NASDAQ: CELG) released its most recent quarterly results before the markets opened on Thursday, the biotech giant said that it had $2.16 in earnings per share (EPS) and $3.81 billion in revenue. The consensus estimates from Thomson Reuters had called for $2.11 in EPS on $3.7 billion in revenue. In the second quarter of last year, Celgene […]

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Hedge funds hit by Qualcomm-NXP deal collapse

LONDON (Reuters) – Hedge funds betting Qualcomm (QCOM.O) would succeed in a $44 billion bid for NXP Semiconductors (NXPI.O) face steep losses after the deal fell through – taking the shine off a strong start to the year for many funds. Qualcomm, the world’s biggest maker of chips for mobile phones, called off the deal on Thursday after the Chinese […]

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Using Lapsing Life Insurance as a Tax Advantage

A lot of people have aging life insurance policies of various kinds that are no longer needed and/or about to lapse. The normal course is to just let them lapse but with some planning, these various types of life insurance policies can be used to shield future taxable income. Here are some examples of how: Universal Life Joe has a $500,000 universal […]

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Will Ford Replace CEO Hackett?

Morgan Stanley analyst Adam Jonas asked Ford Motor Co. (NYSE: F) CEO Jim Hackett whether he will still have his job when the company hosts its investors day in mid-September. Hackett answered “hell yes.” Hackett, however, does not hold his fate in his own hands. The Ford family, led by Executive Chairman William Clay Ford Jr., does. Ford has been […]

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Germany welcomes U.S.-EU trade reprieve as step in right direction

BERLIN (Reuters) – Germany welcomed an initiative agreed between U.S. President Donald Trump and the head of the European Commission to ease the threat of a trade war and shares rose on the news, but business groups urged the two sides to back up their words with deeds. FILE PHOTO: German Foreign Minister Heiko Maas attends the weekly cabinet in […]

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France says any U.S. trade deal should be reciprocal: Le Maire

PARIS (Reuters) – France welcomes EU trade discussions with Washington but does not want to enter into a wide-ranging negotiation and feels any deal should be reciprocal, Finance Minister Bruno Le Maire said on Thursday. U.S. President Donald Trump and EU Commission chief Jean-Claude Juncker agreed on Wednesday to hold sweeping trade talks on reducing tariff, subsidy and non-tariff barrier […]

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Wall Street Might Open With A Negative Bias

Jobless Claims and earnings are the major focus on Thursday. Major companies are scheduled to report their earnings in the coming week. U.S. Futures suggest that Wall Street might open lower. Asian shares finished down, while European shares are trading lower. As of 7.45 am ET, the Dow futures were losing 82.00 points, the S&P 500 futures were declining 9.50 […]

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Exclusive: Mexico’s Banorte lays off more than half of…

MEXICO CITY (Reuters) – Mexico’s second-largest bank Grupo Financiero Banorte has laid off some 500 employees from recently acquired Grupo Financiero Interacciones, or about half of the specialist government lender’s workforce, with more job cuts to come, two people with knowledge of the matter said. FILE PHOTO: A man walks past the headquarters of Banorte bank in Monterrey, Mexico, December […]

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