Are Analysts Underestimating What Grail Brings for Illumina’s Future Growth?

When companies become large enough, they very frequently look to acquisitions for new growth opportunities. That has been the case for Illumina Inc. (NASDAQ: ILMN). The gene-sequencing leader has seen its stock come under pressure after its $8 billion acquisition of Grail. The IPO market was eagerly awaiting Grail’s scheduled initial public offering, but so far, analysts are balking at […]

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Robert W. Gore, the inventor of Gore-Tex fabric, dead at 83

Fox Business Flash top headlines for September 18 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Robert W. Gore, whose invention of what created the breathable-yet-waterproof fabric known as Gore-Tex revolutionized outdoor wear and helped spawn uses in numerous other fields, has died. He was 83. Continue Reading Below Gore, who was president of W. […]

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Gaetz cruises to GOP primary win in reelection battle, says 'voters reward fighters'

Rep. Matt Gaetz on the debate over reopening schools in America amid the coronavirus pandemic Florida Rep. Matt Gaetz, Republican member of the House Judiciary Committee, joins Judge Jeanine Pirro with insight on ‘Justice.’ Incumbent Republican Rep. Matt Gaetz clinched his primary in Florida on Tuesday night and will now face off against Democratic candidate Phil Ehr in November as […]

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Hedge Fund Spruce Point Calls Canada Waste Firm ‘Uninvestable’

Shares of waste management company GFL Environmental Inc. fell as much as 12% after a New York hedge fund released a report questioning its accounting and its “aggressive and opaque business model.” The 107-page report by Spruce Point Capital Management LLC says the company requires injections of new capital and claims Chief Executive Officer Patrick Dovigi has “questionable” business connections. […]

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Warren Buffett may have bought back a record $7 billion of Berkshire Hathaway stock in the past 3 months

REUTERS Warren Buffett seems to have repurchased more than $7 billion of Berkshire Hathaway stock in the last three months. The billionaire investor and Berkshire CEO bought back about $5.1 billion of his company’s stock in May and June, and Berkshire’s shrinking share count points to at least $2 billion of further repurchases in July. Buffett’s buybacks highlight his willingness […]

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Warren Buffett’s Berkshire Hathaway reported 2nd-quarter earnings on Saturday. Here are the 5 key takeaways.

Getty Images / Bill Pugliano Warren Buffett’s Berkshire Hathaway suffered a 10% slump in operating income last quarter, as the coronavirus pandemic hammered many of its businesses. It also sold the most shares in at least a decade, repurchased a record amount of its own stock, took an almost $10 billion impairment charge on Precision Castparts, and sounded the alarm […]

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Warren Buffett’s Berkshire Hathaway is allowed to double its Bank of America stake to almost 25%

Alex Wong / Getty Images Warren Buffett’s Berkshire Hathaway has permission to more than double its Bank of America stake to 24.9%, a spokesperson for the Federal Reserve’s Richmond, Virginia outpost told Business Insider this week. The billionaire investor’s company bought about $1.7 billion of the bank’s stock in the last two weeks of July, lifting its ownership to 11.8%. […]

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XFL Acquired By Dwayne Johnson, Dany Garcia And RedBird Capital Partners

The XFL, a twice-unsuccessful professional football alternative to the NFL fronted by WWE chief Vince McMahon, has been sold to Dany Garcia, Dwayne Johnson and RedBird Capital Partners for $15 million. The new owners were selected as the winning bidder for the assets controlled by Alpha Entertainment, the parent company of the XFL. The transaction is subject to bankruptcy court […]

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