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Kevin Durant shares what he learned from having dinner with Kobe in his final season

“Just be curious and always grow, always want to grow as a man, as a person, as a player” writes Nick Schwartz for usatoday.com. But now that Durant is a champion with the Warriors and Bryant’s jerseys are about to be retired, KD brought the dinner up himself while answering a question, and he also shared what he learned from being around the retired Laker. Source: usatoday.com Share This:

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Alnylam shares surge 5% after FDA lifts hold on hemophilia drug

“ALNY, -0.96% shares rose 5% in pre-market trade Friday after the company said the Food and Drug Administration has lifted a hold on clinical trials for hemophilia therapy fitusiran” writes Emma Court for marketwatch.com. Alnylam said it and the regulator previously agreed on various ways to reduce risk for the trials, and the company expects to get back to dosing patients around the end of the year.In September, Alynlam said that it had suspended fitusiran dosing after a patient had a “fatal thrombotic event” in a phase 2 open-label extension…

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Marathon Petroleum to sell GP economic interest in MPLX for over $10 billion in MPLX shares

“Based on Thursday’s closing price for MPLX shares of $37.94, the deal is valued at $10.43 billion” writes Reporter Editor for marketwatch.com. After the deal’s closing, which is expected to be Feb. 1, 2018, Marathon will own about 64% of MPLX shares outstanding.MPC, +0.80% said Friday it agreed to sell its general partner economic interest in MPLX LP, a master limited partnership formed to develop and acquire midstream energy assets, to MPLX in exchange for 275 million MPLX shares. Marathon’s stock has gained 9.6% year to date, while MPLX shares…

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European stocks face day 3 of losses as retailers, banks slide

“Meanwhile, worries surrounding Republican-led efforts in Washington to cut taxes cropped up again, sending U.S.-listed bank shares lower Thursday, and European bank stocks followed that lead Friday” writes Markets Reporter for marketwatch.com. Expectations for tax cuts and an overhaul in U.S. tax polices have at times boosted bank stocks worldwide throughout the last year.Among bank stocks, shares of Société Générale SA GLE, -1.28%  lost 1.2%, Commerzbank AG CBK, -0.77%  fell 0.6% and Barclays PLC BARC, -1.33% BCS, +0.46%  was down 1.4%.Stocks across Europe were lower Friday, as retail and bank…

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Oracle shares drop as cloud growth, outlook miss Street view

“For the second quarter, total cloud revenue rose 44% to $1.52 billion while software-as-a-service revenue grew 55% to $1.12 billion” writes Wallace Witkowski for marketwatch.com. The cloud revenue forecast appeared even more grim.Analysts had forecast total cloud revenue of $1.56 billion, and SaaS revenue of $1.14 billion.Catz said cloud revenue should rise 21% to 25%, while analysts are forecasting $1.69 billion, or an increase of 42%.Oracle’s second-quarter growth in the cloud did not hit Wall Street targets, and neither did its forecast for the third quarter. Source: marketwatch.com Share This:

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Give the gift of stocks this holiday season

“Giving stock doesn’t have to break the bank either, as there are multiple ways to give shares as presents, including gift cards for purchasing fractional shares of stock” writes Aol Staff for aol.com. Or you can go the stock gift card route.The annual gift tax exclusion for 2017 is $14,000.D’Arruda likes this gift because it’s educational.”This way, they get a gift each month of more shares of stock, and the person who receives this gift sees the value of investing, compounding and time,” he says.That gift doesn’t have to be…

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Billionaire media investor Mario Gabelli wonders whether Trump’s like of Fox might help Disney deal

“The Trump administration may be more open to the Disney-Twenty-First Century Fox deal than other proposed media mergers, billionaire investor Mario Gabelli told CNBC on Thursday” writes Berkeley Lovelace Jr for cnbc.com. Gabelli called into CNBC shortly after Disney announced a deal to pay $52.4 billion in stock for many parts of Fox, including Fox movie studios, Nat Geo, stakes in Sky and Hulu, and regional sports networks, but not Fox News Channel and other Fox television broadcasting assets. Gamco owned nearly 2.1 million Time Warner shares and about 1.4…

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Buy Lululemon for its ‘significant opportunities’ in international markets, Deutsche Bank says

“Deutsche Bank raised its rating for the apparel retailer’s shares to buy from hold, predicting Lululemon will report sales above expectations” writes Simon Dawson for cnbc.com. Investors should buy Lululemon shares because of its growth prospects overseas, according to one Wall Street firm.”LULU’s international growth pillar continues to reflect one of the company’s most significant opportunities,” he wrote.Trussell noted how Lululemon reported strong 7 percent comparable sales growth in the past two quarters.The analyst raised his price target for the company’s shares to $89 from $72, representing 20 percent upside…

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Wall Street climbs as tax reform enters last lap

“On Wednesday, Republicans in the Senate and the House reached a deal on final tax legislation that would slash the corporate tax rate to 21 percent” reports foxbusiness.com. Disney’s shares rose 1.77 percent and Fox shares were up marginally.”We have a pretty positive background, investors are focused on the tax deal that they are closed to an agreement between the House and the Senate,” said Scott Brown, chief economist at Raymond James in St.(Reuters) – U.S. stocks climbed higher on Thursday, boosted by gains in technology and banking shares and…

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Vantiv stock rises after Jefferies upgrades to buy

“VNTV, +1.43% rose 1.6% in Thursday morning trading after analysts at Jefferies upgraded the stock to buy from hold” writes Emily Bary for marketwatch.com. Vantiv shares are up 25% this year, compared with a 19% gain for the S&P 500 Index SPX, +0.07%. The firm’s new price target of $94 is the second highest among 30 analysts covering the stock, according to FactSet.The analysts, led by Ramsey El-Assal, are optimistic about the company’s acquisition of Worldpay and its potential to improve Vantiv’s business mix. Source: marketwatch.com Share This:

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