A U.S. judge on Wednesday set aside a jury verdict that found Amgen Inc patents on its cholesterol drug Repatha were valid, handing a victory to Regeneron Pharmaceuticals Inc and Sanofi SA , which sells a rival drug.
The former chief executive officer of Philadelphia Energy Solutions is seeking to buy and restart the 335,000 barrel-per-day PES refinery, which closed after a June fire, the former CEO and backers of the plan said in a statement on Wednesday.
A gauge of equities worldwide rose on Wednesday as data showing strong demand for oil helped subdue recession jitters, while sterling tumbled as Britain’s prime minister moved to suspend parliament before the country’s planned departure from the European Union.
Brookfield Property Partners (Nasdaq: BPY) is a partnership under the giant Brookfield umbrella. Brookfield has several publicly traded subsidiaries. The parent company is involved with private equity, infrastructure, real estate and power.
Brookfield Property Partners owns 96 million square feet of office space and 120 million square feet of retail space, and it has 11 million square feet of office and multifamily projects in development.
Last year, the company reported funds from operations (FFO) per share of $1.48. FFO is similar to cash flow, and it is the metric used by real estate companies.
Brookfield Property Partners paid out $1.26 per share in …read more […]
U.S. stocks climbed on Wednesday, recovering from early declines on gains in energy and financial shares, but investors remained leery about the potential for another flare-up in the U.S.-China trade war.
The FBI on Wednesday conducted searches at the home of United Auto Workers President Gary Jones, a union retreat and multiple other locations as part of a corruption probe into illegal payments to union officials, posing fresh problems for the union at a pivotal time.
U.S. President Donald Trump will announce a plan to boost demand for biofuels within weeks, Secretary of Agriculture Sonny Perdue said on Wednesday, as the administration seeks to assuage farmers angered by its expanded use of waivers freeing refineries from their obligation to blend ethanol into the fuel supply.
Pandora , the world’s biggest jeweler maker, will relaunch its brand at an event in Los Angeles later on Wednesday as it tries to attract middle-class shoppers seeking affordable luxury back to its stores.
Sometimes a look at Schedule 13D filings made with the Securities and Exchange Commission (SEC) can lead to great moneymaking opportunities.
A Schedule 13D must be submitted to the SEC within 10 days by anyone who acquires beneficial ownership of more than 5% of any class of publicly traded securities in a public company.
These documents give the public transparency into purchases that large shareholders make in any public company. More importantly, they often contain hints about potential future events at the company, including hostile takeovers, company breakups or any other “change of control” situations.
That’s why I’m bringing Conduent (NYSE: CNDT) to …read more […]
U.S. President Donald Trump will announce a plan to boost demand for biofuels within weeks, Secretary of Agriculture Sonny Perdue said on Wednesday, as the administration seeks to assuage farmers angered by its expanded use of waivers freeing refineries from their obligation to blend ethanol into the fuel supply.
Fitbit Inc on Wednesday launched its latest smartwatch, Versa 2, adding Amazon.com Inc’s voice assistant Alexa, online payments and music storage in a bid to compete strongly with Apple Inc’s smartwatches.
U.S. Treasury debt yields fell on Wednesday, with 30-year yields setting all-time lows, as fears about a recession and trade tensions between China and the United States stoked unrelenting demand for low-risk government debt.
Oil prices rose nearly 2% on Wednesday after a larger-than-expected decline in U.S. crude stockpiles helped ease worries about weakening oil demand caused by the trade war between Washington and Beijing.
The FBI on Wednesday conducted searches at the home of United Auto Workers President Gary Jones, a union retreat and multiple other locations as part of a corruption probe into illegal payments to union officials, posing fresh problems for the union at a pivotal time.
The biggest myth about crowdfunding is that crowdfunding investors get crumbs. The tasty dishes go to venture capital (VC) firms. And those startups that can’t get VC investors to scoop them up turn to crowdfunding.
Nothing could be further from the truth.
Scores of startups use crowdfunding because of its unique benefits. I sat down with two founders of a fast-growing online wine club last week in New York City. The club has already raised $45 million from reputable investors like Crosscut Ventures and Bessemer Venture Partners. And now it’s about to raise again… at a much higher valuation thanks to its …read more […]
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