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Tesla Motors plans to raise $2 billion for Model 3

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(Reuters) – Tesla Motors Inc said it expected to raise about $2 billion through a stock offering to “accelerate the ramp” of its first mass-market car, the Model 3. Tesla said it would offer about $1.4 billion of shares with the remaining to be sold by Chief Executive Elon Musk. (Reporting by Richa Naidu) Join...
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Salesforce shares are popping on a beat-and-raise quarter (CRM)

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Salesforce shares are popping 5.5% in after hours trading after the company beat Wall Street’s Q1 financial targets across the board. Here are the most important numbers from Salesforce’s earning report: EPS (non-GAAP): $0.24 per share vs. $0.23 per share expected by analysts Revenue: $1.92 billion (up 27% year-over-year) vs. $1.89 billion expected by analysts Salesforce...
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Here are the most profitable businesses on Wall Street

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Boston Consulting Group published a big report on the investment banking industry Tuesday.  Buried in the appendix is this chart showing operating profit by business line across Wall Street. This data is generally pretty hard to get a hold of. It is often possible to get revenue estimates showing, for example, that the fixed income...
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U.S. banks push SWIFT to boost security after hacks: Bloomberg

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(Reuters) – Major U.S. banks are pushing the SWIFT messaging network to boost security following cyber attacks in Bangladesh and Vietnam involving fraudulent transfer requests, Bloomberg News reported on Tuesday, citing people familiar with the matter. Some U.S. banks want to discuss with SWIFT whether it responded quickly enough to the breaches and if it...
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STOCKS AND OIL RALLY: Here’s what you need to know (SPY, SPX, DJI, IXIC, USO, WTI, OIL, VDE, BNO, AAPL, YHOO)

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Stocks rallied on Monday after closing at the lowest level in a month to end the week on Friday.  If stocks don’t make new all-time highs by the end of the week, it would be one year since that happened.  First, the scoreboard: Dow: 17,710.30, +174.98, (1.00%) S&P 500: 2,066.66, +20.05, (0.98%) Nasdaq: 4,775.46, +57.78, (1.22%) WTI crude...
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The rise and fall of Theranos, in one graphic

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Theranos, the blood-testing startup with a $9 billion valuation, has had a turbulent year. On Wednesday, the company made major changes to the company, including the announcement that its president and chief operating officer Sunny Balwani, who served as CEO and founder Elizabeth Holmes’ second-in-command, is retiring. Here’s a review of the events that led up to...
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David Tepper has invested in Valeant and dumped Apple

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Hedge fund billionaire David Tepper has purchased shares of Valeant Pharmaceuticals in the first quarter while also selling a large number of Apple shares, according to a filing with the SEC. Tepper’s fund Appaloosa purchased 945,000 shares of the troubled pharmaceutical company worth $24.8 million. While the investment is relatively small considering the fact that Appaloosa...
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