Howard Lutnick donates $25 million to college

NEW YORK (CNNMoney) This isn't just any donation from a big money Wall Street CEO to his alma mater.

Howard Lutnick's philanthropic efforts -- especially since the September 11 attack that claimed hundreds of his New York employees -- got $25 million deeper this weekend.

The gift is his largest to Haverford College. Lutnick's mother died when he was in high school, and his father passed in his freshman year. The school covered his tuition, and Lutnick graduated in 1983.

The donation is the cornerstone of a $225 million capital improvement project and brings his total contributions to the Philadelphia-area liberal arts college to $65 million, the school said.

Lutnick has become known for his donations, and those of the brokerage Cantor Fitzgerald.

Each year on 9/11, the company donates that day's profits to charity. The firm says it has so far made contributions totaling $101 million.

Celgene: What Happened to the Buybacks?

There wasn’t much to complain about in Celgene (CELG) earnings report yesterday, which caused the biotech company’s shares to pop 6%. Bernstein’s Geoffrey Porges and Wen Shi point to Celgene’s declining buybacks:

During the quarter the company purchased a relatively modest 2.8mm shares for $252mm, compared to $2.2bn in share buybacks in the first half of the year…Our share count estimate is increased by 1-5% starting in 2015 due to lower buyback activity during the quarter…

The company’s share buyback activity was again lighter than we had anticipated, suggesting that the company either views their stock as more or less fairly valued in its recent range, or is husbanding their cash for strategic purposes.

Shares of Celgene have gained 2.78% to $103.13 at 2:28 p.m. today.