7 February, 2016 by The TZ Newswire Staff Comments Off on CEOs, venture backers lose big as LinkedIn, Tableau shares tumble
CEOs, venture backers lose big as LinkedIn, Tableau shares tumble
LinkedIn Corp Executive Chairman Reid Hoffman lost almost half his $2.8 billion fortune on paper Friday as shares of his social media company suffered their largest drop on record. Other executives at LinkedIn, some at business analytics company Tableau Software Inc, and a number of the companies’ venture capital backers also took losses running into tens of millions of dollars as both stocks tumbled on dismal financial outlooks.
7 February, 2016 by The TZ Newswire Staff Comments Off on Celgene, Gilead Sciences shares could rise 30 percent: Barron’s
Celgene, Gilead Sciences shares could rise 30 percent: Barron’s
The tumble in share prices for biotechnology stocks has created some buying opportunities, with drugmakers Celgene Corp (CELG.O) and Gilead Sciences (GILD.O) poised for a 30 percent rise over the next year, Barron’s said. Celgene, which specializes in treatments for a blood plasma cell cancer called myeloma, could see double-digit growth for its Revlimid drug for years to come, with significant growth potential from overseas, Barron’s said.
7 February, 2016 by The TZ Newswire Staff Comments Off on Dollar enjoys post-payrolls glow
Dollar enjoys post-payrolls glow
The dollar held onto its post-payrolls gains early on Monday in a sluggish start to the week.
7 February, 2016 by The TZ Newswire Staff Comments Off on Broncos slam Newton, Panthers to win Super Bowl
Broncos slam Newton, Panthers to win Super Bowl
Here’s the breakdown on the Denver Broncos’ 24-10 win over the Carolina Panthers in Sunday’s Super Bowl 50, from USA Today.
7 February, 2016 by The TZ Newswire Staff Comments Off on Japan January Bankruptcies: -6.38% y/y (prior +1.89%)
Japan January Bankruptcies: -6.38% y/y (prior +1.89%)
Not generally a yen market-moving piece of data. Then again, not much is out of Japan. AmIright?
7 February, 2016 by The TZ Newswire Staff Comments Off on Can IPG Photonics Bounce Back in 2016?
Can IPG Photonics Bounce Back in 2016?
The laser-maker is still seeing its stock under pressure from a weakening global economy.
7 February, 2016 by The TZ Newswire Staff Comments Off on Can Ellie Mae Earnings Survive the Enterprise Software Slump?
Can Ellie Mae Earnings Survive the Enterprise Software Slump?
The mortgage-processing software company has gotten beaten down with broader-based enterprise companies, but not necessarily for valid reasons.