Month: March 2019

Jeff Abraham tried to sell his sexual wellness start-up to household goods conglomerate Reckitt Benckiser for two years. But his dream ended one night in the fall of 2016 after a Pet Shop Boys concert in Las Vegas. Abraham’s company Absorption Pharmaceuticals had what he considered a lucrative product called Promescent, which treated premature ejaculation,
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When it’s several decades away, you might categorize saving for retirement as a back-burner concern. And when you’re younger, contributing to an individual retirement account might seem like an impossible stretch. Yet people who made the leap generally say they’re sorry they didn’t start earlier. Millennials seem particularly drawn to Roth IRAs, which are showing
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Check out the companies making headlines before the bell: Tiffany — Tiffany came in 7 cents a share above estimates, with quarterly profit of $1.67 per share. The luxury goods retailer’s revenue was short of forecasts, however, and Tiffany’s comparable sales fell 1 percent compared to analysts’ projections of a 0.8 percent increase. Hibbett Sports
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Tesla is bringing back its once popular referral program in a new form just months after killing it, the company said. But the program will be different from its previous incarnation, which Tesla said was too costly to keep up. For every customer a Tesla owner refers, the company will give both people 1,000 miles
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Award-winning actor Leonardo DiCaprio is signing on for a new role: investor and advisor to an environmentally friendly financial company. The company, named Aspiration, is working to provide consumers with a socially conscious alternative to traditional banks. “Each year, $100 billion worth of pipelines, drilling and other fossil fuel-extraction projects are funded with money deposited
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CVS Health CEO Larry Merlo told CNBC Thursday that the health chain is unlocking growth opportunities despite the stock’s downward trend since officially merging with Aetna in November. The company has made “tactical execution” changes to its long-term care business that has faced “intense financial pressure,” he said. The skilled nursing unit came from CVS’
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Lyft is in the process of courting investors, but potential buyers still question how and when the company will make money. The ride-hailing start-up is wrapping up the first week of its “roadshow,” a series of presentations across major U.S. cities ahead of its highly-anticipated public offering. Multiple potential investors attending Thursday’s lunch, hosted by
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Check out the companies making headlines before the bell: Biogen — Biogen shares are tumbling after the drugmaker and Japanese partner Eisai discontinued late-stage trials of an Alzheimer’s treatment. That came after an independent data monitoring committee said the treatment was unlikely to meet its primary goal. Conagra — The food producer beat estimates by
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CVS heard from its customers. They want CBD. The drugstore chain last week started selling CBD, short for cannabidiol products, in eight states. The products include topicals such as creams, sprays, roll-ons, lotions and salves. “Anecdotally, we’ve heard from our customers that have used those products that, gee, it’s helped with pain relief for arthritis
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