News Stories

  • Among active managers, value group is on a roll

    Active management is still looking good in 2015 after years of misery, though the picture isn’t quite as rosy as it was a few months ago. The group is outperforming its benchmarks at levels not seen in six years, according to an analysis from Fundstrat Global Advisors that showed things are going particularly well in

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  • Four ways Twitter can win back investors

      It’s no real surprise that Twitter’s CEO Dick Costolo has resigned. Twitter’s huge potential still remains just that; potential not captured. It would not surprise investors if the next quarterly results continue with a string of disappointments. The expectation at this point is for lackluster performance. Read MoreTwitter will have a tough time finding

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  • Early movers: TWTR, BOJA, URBN, WSM, GOOG & more

      Twitter-Chief Executive Officer Dick Costolo will leave that job on July 1, with chairman Jack Dorsey serving as interim CEO. Both will appear on CNBC’s “Squawk On The Street” at 10:00 a.m. ET. Bojangles-Bojangles reported adjusted earnings of 17 cents per share in its first report as a public company, coming in 2 cents

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  • Axovant, biggest biotech IPO: Is biotech in a bubble?

      Biggest biotech IPO ever. Biotech firm Axovant priced 21 million shares at $15 on the NYSE, the high end of the price talk of $13-$15. That’s $315 million, which makes it the largest biotech IPO ever based on the amount raised, according to Renaissance Capital. But that’s only part of the story. Those 21

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  • Here is Twitter’s biggest problem

      Twitter’s future is a subject of hot debate at the moment. Wall Street is disenchanted and, as a public entity, the company is going through a painful adolescence. It has its supporters, and it has its harsh critics. One who is both, Chris Sacca, a very early Twitter investor and advisor (who self-admittedly “bleeds

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  • Blackstone Africa unit makes big Nigeria hire

        Blackstone Group has strengthened its ties to Nigeria, the West African country where it could put big money to work. The private equity giant announced Thursday that its Black Rhino unit had appointed Lamido Sanusi as chairman of its board of directors. Sanusi is emir of Nigeria’s northern Kano state, a traditional leader

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  • ‘Green’ Google in talks to back massive African wind project

    Source: Lake Turkana Wind Power Construction site for the Lake Turkana Wind Power project in Kenya, 2015. Google gets lots of attention for expanding into novel technologies like driverless cars and artificial intelligence. But the technology giant also has put big bucks—more than $2 billion to date—into the next generation of energy production. Now, the

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  • Early movers: GE, GOOG, AMZN, NKE, M, HOG, JBLU & more

      General Electric–European antitrust regulators are set to say that GE’s deal to buy the energy unit of France’s Alstom could harm competition, according to Reuters. The report said that declaration is likely to come tomorrow. Google–Google announced a new “urban innovation” company called Sidewalk Labs, to be headed by former New York City Deputy

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  • RBS share sale: What could put off investors?

      The U.K. government is planning to put its Royal Bank of Scotlandshares on the block over the next few years – but may not be knocked over by a stampede of investors desperate for the stock. There are still concerns that the bank has not reached the end of the shrinking and write-offs which

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