Shares of Bausch Health Cos. jumped as much as 5.5% intraday after a short-seller changed his tune and said the stock could nearly double. Also, Bausch shed another bear as Wells Fargo realigned its coverage.
Fidelity Investments is reviewing its relationship with billionaire money manager Ken Fisher in the wake of offensive remarks he made at an industry conference.
A potentially unprecedented nor’easter is going to roar up the East Coast, soaking New York and the rest of the Northeast starting Wednesday.As much as 3 inches (7.6 centimeters) of rain will get wrung out of the storm, starting off the U.S. Southeast late Tuesday and working its way up the coast Wednesday into Thursday, said Patrick Burke, a lead branch forecaster with the U.S. Weather Prediction Center in College Park, Maryland.“It’s a fairly strong low for October,” Burke said. “If this was m
SoftBank Group Corp. has tapped investment bankers at Houlihan Lokey to explore options for easing WeWork’s cash crunch, according to people with knowledge of the discussions.
WeWork’s calamitous effort to take itself public has raised red flags for other SoftBank-backed real estate startups -- and led an executive at the brokerage Compass to send its employees an eight-point memo highlighting differences between the two firms.
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