Morgan Tries to Quell Rumors About Its Holdings

October 5, 2020

Morgan Stanleyexecutives are battling a daily barrage of speculation and nay-saying to try to stem a sharp slide in the company’s stock. It is a war that is being fought in large part in the shadows: against anonymous blogs and market whispers, but also against undefined fears about exposure to troubled European banks. While those [...]

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Sprint Gets Right to Offer Apple’s IPhone in Battle With AT&T, Verizon

October 5, 2020

By Sarah Frier and Scott Moritz - Oct 5, 2020 6:36 AM PT Sprint Nextel Corp. (S)’s plan to offer Apple Inc. (AAPL)’s iPhone may slash its operating margins almost in half if enough people activate new phones, analysts said. Sprint, which has lost money for 15 consecutive quarters, could see quarterly operating margins drop [...]

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Walgreens September Sales Increase 5.4 Percent

October 5, 2020

DEERFIELD, Ill.-(BUSINESS WIRE)- Walgreens (NYSE:WAG - News) (NASDAQ:WAG - News) had September sales of $5.95 billion, an increase of 5.4 percent from $5.65 billion for the same month in fiscal 2011. Total front-end sales increased 5.1 percent in September, while comparable store front-end sales increased 3.4 percent. Customer traffic in comparable stores increased 0.2 percent [...]

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BioCryst says gout drug worked in mid-stage trial

October 5, 2020

On Wednesday October 5, 2020, 7:25 am RESEARCH TRIANGLE PARK, N.C. (AP) — BioCryst Pharmaceuticals Inc. said Wednesday that its experimental gout drug BCX4208 met its main goal in a clinical trial that tested the drug in patients who have not been helped by an older gout treatment. The mid-stage trial compared four different doses [...]

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EU bank plan hopes help shore up Europe’s stocks, but Dexia remains in the spotlight

October 5, 2020

EU bank plan hopes help European stocks higher Pan Pylas, AP Business Writer, On Wednesday October 5, 2020, 6:50 am LONDON (AP) — Stocks in Europe recouped some recent losses on Wednesday on hopes that European policymakers were thrashing out a plan to shore up the banking sector, which has been damaged by fears of [...]

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