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EXCLUSIVE-Wells Fargo to sign on Financial Engines; stock jumps

May 21- Financial Engines is close to a deal to add its online investment advice to Wells Fargo& Co's retirement platform, according to a Wells presentation obtained by Reuters, news that boosted Financial Engine's stock more than 6 percent. The move would make Financial Engines' service available to the 3.8 million 401 participants on Wells' 401 record-keeping...
Source: Reuters | By: Jessica Toonkel
UPDATE 1-EXCLUSIVE-Wells Fargo to sign on Financial Engines -source

May 21- Wells Fargo& Co., the fourth-largest U.S. bank in assets, is planning to add Financial Engines' online advice offering to its retirement platform, according to a Wells Fargo presentation obtained by Reuters. The move would make Financial Engines' online advisory service available to the 3.8 million 401 participants on Wells' 401 record-keeping platform,...
Source: Reuters | By: Jessica Toonkel
Dueling Apple Watch estimates  

Morgan Stanley raised estimates for both the iPhone and the Apple Watch. Roger McNamee, Elevation Partners co-founder, and the "Squawk Alley" crew discuss product demand.
Source: CNBC.com
Hewlett-Packard sells stake in Chinese unit for $2.3B

NEW YORK- Hewlett-Packard is selling a controlling stake in its China server and storage unit, a move that comes as the Chinese government, apparently worried about U.S. cyberspying, has encouraged the use of local companies. "Partnering with Tsinghua, one of China's most respected institutions, the new H3C will be able to drive even greater innovation for China,...
Source: The Associated Press
Why one strong quarter won't save Japan's year

Japan's economic growth strongly beat expectations in the first quarter, but it's largely getting a yawn or even forecast cuts from economists looking at the rest of the year.
Source: CNBC.com | By: Leslie Shaffer
Survey: Minority-owned businesses face loan obstacles

NEW YORK- Minority businesses have a harder time getting bank loans than small companies in general, according to a survey released Thursday by Wells Fargo& Co. and the polling company Gallup. The survey found most business owners don't struggle to get credit, but it also shows disparities between the borrowing experiences reported by minorities and by...
Source: The Associated Press | By: By JOYCE M. ROSENBERG, AP Business Writer
UPDATE 2-J&J to submit at least 10 new drugs for approval by 2019

May 20- U.S. healthcare conglomerate Johnson& Johnson said on Wednesday it expects to submit more than 10 new medicines with annual revenue potential of at least $1 billion each to regulators by 2019, and is testing dozens of new uses for existing medicines. J&J said it would file for approval of daratumumab for the blood cancer multiple myeloma in the United...
Source: Reuters | By: Bill Berkrot and Caroline Humer
Beware of bond bubble forming in ETFs

Should you invest in fixed income when corporations are all too eagerly selling new bonds in staggeringly large amounts? Likely not.
Source: CNBC.com | By: Scott Nations, president and chief investment officer, NationsShares
UPDATE 1-J&J to submit at least 10 medicines for approval by 2019

NEW YORK, May 20- U.S. healthcare conglomerate Johnson& Johnson said on Wednesday it expects to submit more than 10 new medicines with annual revenue potential of at least $1 billion each to regulators by 2019, and is testing dozens of new uses for existing medicines. J&J said it would file for approval of the experimental drug daratumumab for the blood cancer...
Source: Reuters | By: Bill Berkrot and Caroline Humer
Johnson & Johnson's big plans  

CNBC's Meg Tirrell reports on Johnson & Johnson's plans for the years ahead.
Source: CNBC.com