Credit Suisse Reports a Strong First Quarter

Credit Suisse CS earned CHF 1,026 million (CHF 0.76 per diluted share) in the first quarter compared with CHF 41 million in the year-ago quarter and CHF 221 million in the trailing quarter on better trading results and lower expenses. This quarter’s reported profit, which included CHF 80 million of noncash own-debt losses, amounted to an 11% return on equity. On a management-provided underlying basis, … Continue reading Credit Suisse Reports a Strong First Quarter

Kirby’s Coastal Operations Continue to Improve in the First Quarter

Kirby’s KEX first-quarter revenue fell 1% from last year. The decline was driven by anemic demand for United’s pressure pumping units, tempered by solid inland trends and improvement in coastal operations. The marine transportation business (75% of first-quarter sales) saw revenue increase 25%, thanks to persistent petrochemical and crude oil shipment demand, which is supporting 90%- plus inland-fleet utilization and favorable pricing. Market conditions in … Continue reading Kirby’s Coastal Operations Continue to Improve in the First Quarter

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Stock to Watch: Apple (NASDAQ AAPL) Loses Patent Case In China

Apple (NASDAQ:AAPL) has lost a patent case in China. A Beijing court gave its decision in favor of a Chinese firm setting the path for the latter to continue with a separate case against Apple Inc (NASDAQ AAPL) for invading the intellectual property rights. The Chinese firm, Zhizhen filed the case against Apple, in 2012, stating that Apple Siri, which also uses voice technology, has … Continue reading Stock to Watch: Apple (NASDAQ AAPL) Loses Patent Case In China

Why These 4 Stocks Lagged: Fortress Investment Group (NYSE:FIG), Capstone Turbine (NASDAQ:CPST), Yandex NV (NASDAQ:YNDX), Himax Technologies (NASDAQ:HIMX)

Fortress Investment Group LLC (NYSE:FIG) options established a new 90-day record for traded call and put contracts. A total of 3,078 put and 12,438 call contracts were traded raising a 0.25 put/call ratio on shares of FIG Fortress Investment Group LLC (NYSE:FIG) stock performance was -6.69% in last session and finished the day at $7.81. Traded volume was 22,673,000 million shares in the last session … Continue reading Why These 4 Stocks Lagged: Fortress Investment Group (NYSE:FIG), Capstone Turbine (NASDAQ:CPST), Yandex NV (NASDAQ:YNDX), Himax Technologies (NASDAQ:HIMX)

Investor’s Alert: Abercrombie & Fitch (NYSE:ANF), HP (NYSE:HP)

Shares in Abercrombie & Fitch (NYSE: ANF) are up almost 8% pre-market after the retailer reported Q4 earnings that topped expectations. The company said adjusted non-GAAP net income was $104.3 million, or $1.34 per diluted share, more than the $1.05 analysts had been expecting, according to Capital IQ. Q4 GAAP net income was $66.1 million, or $0.85 for the thirteen weeks ended February 1, 2014, … Continue reading Investor’s Alert: Abercrombie & Fitch (NYSE:ANF), HP (NYSE:HP)