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Ken Fisher Loses $67 Million as Chicago Police Fund Pulls

November 19, 2019 admin Comments Off on Ken Fisher Loses $67 Million as Chicago Police Fund Pulls

(Bloomberg) — Chicago’s police pension fund, responding to lewd comments made by money manager Ken Fisher, has decided to pull about $67 million it has invested with his firm.The Policemen’s Annuity and Benefit Fund of Chicago decided Monday to terminate its business with Fisher Investments, according to an email.An array of institutional investors and firms — from Goldman Sachs Group Inc. to the Boston Pension Board — have divested about $3.9 billion from Fisher after his Oct. 8 remarks. Since then, Fisher, who has apologized for his comments, has embarked on an advertising campaign to counter negative coverage of the …read more […]

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How Much Higher Can Amarin (AMRN) Stock Go Following FDA Approval?

November 19, 2019 admin Comments Off on How Much Higher Can Amarin (AMRN) Stock Go Following FDA Approval?

Amarin (AMRN) investors received a nice gift going into the weekend, after shares of the biopharma increased by almost 12% on Friday. The boost came on the heels of Thursday’s FDA AdCom vote in favor of extending the label on the company’s flagship drug, Vascepa, to include patients at risk of a heart attack and other major adverse cardiovascular events. The FDA is set to make a final decision on December 28, 2019.Vascepa is an FDA approved fish oil capsule used alongside a healthy diet to help lower fats (triglycerides) in the blood. The talk now turns to what level …read more […]

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Gett's Juno ends NYC ride-hailing services, citing regulation

November 19, 2019 admin Comments Off on Gett's Juno ends NYC ride-hailing services, citing regulation

The company told Juno users on Monday its service would cease to operate that evening, directing riders instead to former competitor Lyft Inc, which it has struck a strategic partnership with. Gett and Lyft declined to provide financial details of their partnership. Gett said it would increasingly focus on the corporate transportation sector. …read more […]

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Increase Your Buying Power With Dividend Growth Stocks

November 18, 2019 admin Comments Off on Increase Your Buying Power With Dividend Growth Stocks

Are the prices of things you buy going up?
Sure, inflation is low at 1.8% – but how about the prices of things you actually buy?
Food prices have climbed 2.1% over the past 12 months, a little higher than the overall rate of inflation. Water bills increased an average of 3.6% this year.
By the end of 2019, electricity prices are forecast to climb 3.6%. Despite Washington’s bluster, drug prices are expected to rise 4.5% in 2020.
And if you’re going to be paying college tuition like I will be for the next seven years (two kids, not one who’s taking his time), …read more […]

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Exxon Says N.Y. Used Fraud Claims to Score Political Points

November 18, 2019 admin Comments Off on Exxon Says N.Y. Used Fraud Claims to Score Political Points

(Bloomberg) — You’d expect most companies accused of a longstanding fraudulent scheme to be thrilled if the government dropped those claims against them. Not so for Exxon Mobil Corp. — at least not today.The energy giant unleashed a torrent of criticism against New York Attorney General Letitia James in court filings Monday, more than a week after the state sought to drop two fraud claims on the last day of a civil trial that has yet to be decided by the judge. Exxon says the government couldn’t prove the allegations and only made them “to score headlines and political points.”New …read more […]