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Salesforce Cuts 1,000 Jobs After Banner Quarter, Stock Surge

(Bloomberg) — Salesforce.com Inc. plans to cut about 1,000 jobs, people familiar with the situation said, a move by the software giant to streamline its business even as it reports record quarterly revenue and forecasts further gains.Sales and customer-support roles are among those being eliminated, said two of the people, who asked not to be identified discussing private information. In the U.S., the move affects some workers who sell the company’s software aimed at financial-services firms, health and life-science companies and other cloud sales teams, one of the people said. The cuts are taking place in more than a dozen …read more […]

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3 Stocks Flashing Signs of Strong Insider Buying

Not every stock worth buying makes great waves in the markets, and the big names are hardly the only names in town. But you may have to dig to find some of these stocks – they are smaller companies, and don’t attract the extensive analyst attention or press coverage that powers them to the top of the search engines.Finding them, however, can be worthwhile. Some of these are true penny stocks, offering double-digit upside potential combined with low costs of entry, while others offer solid share appreciation as they bounce back from the recent market swoon. One signal to look …read more […]

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Hedge Funds Cashing Out Of Uber Technologies, Inc. (UBER)?

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […] …read more […]

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UnitedHealth Group Inc. (UNH): Hedge Funds Are Cashing Out

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […] …read more […]

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Berkshire Hathaway Inc. (BRK.B): Hedge Funds Cashing Out

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […] …read more […]