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Facebook Inc (NASDAQ:FB) Has More Users To Playwith As Whatsapp User Base Touches 600 Million

Facebook Inc (NASDAQ:FB) Has More Users To Playwith As Whatsapp User Base Touches 600 Million

Finance, Internet, Popular 08/26 at 7:21 am

Facebook Inc (NASDAQ:FB)’s Chief Executive Officer Mark Zuckerberg is one happy customer as his recent costly conquest, Whatsapp, has reached a monthly active user base of 600 million users. Chief Executive Officer and founder of Whatsapp, Jan Koum, tweeted about the news of the milestone on Sunday. Whatsapp’s growth has been phenomenal this year after the news of the FacebookRead More

Orexigen Therapeutics Sees Shares Slide Pre-Market; Eli Lily Edges Up

Orexigen Therapeutics Sees Shares Slide Pre-Market; Eli Lily Edges Up

BioTech, Popular 02/25 at 8:35 am

Shares of Orexigen Therapeutics (NASDAQ:OREX) slipped in Tuesday’s pre-market session, after the developer of drug treatments for obesity and related disorders said it received a Day 120 List of Questions regarding the marketing authorization application for its NB32 weight-loss drug candidate from the European Medicines Agency’s Committee for Medicinal Products for Human Use. The company said the EMA reviewers’ questionsRead More

Pengrowth Energy Struggles in the Second Quarter

Pengrowth Energy Struggles in the Second Quarter

Pengrowth Energy reported earnings after the market close Wednesday. Earnings and cash flow fell, and uncertainty over the sustainability of the dividend persisted. The firm is once again in the position of requiring additional divestitures or making a dividend cut within the upcoming year. The problem for Pengrowth is that the continued payment of the dividend, combined with net losses,Read More

Low Coal Prices Drive Huaneng Earnings in Quarter

Low Coal Prices Drive Huaneng Earnings in Quarter

Huaneng Power International reported 2013 third-quarter earnings of $1.52 per ADR compared with $0.92 per ADR in 2012’s third quarter. The reported results included an asset impairment charge and loss on disposal of noncurrent assets that reduced reported earnings by roughly $0.24 per ADR. Low market coal prices continue to drive strong earnings. We are reaffirming our narrow moat andRead More

SVB Financial Posts 18% Increase in Revenue

SVB Financial Posts 18% Increase in Revenue

Popular, Services Sector 12/01 at 10:38 pm

SVB Financial Group’s first-quarter profits available to common investors rose 18% to $40.9 million, or $0.90 per diluted share, from $34.8 million, or $0.78 per diluted share, in the year-earlier first quarter. We are not changing our $55 per share fair value estimate or our narrow economic moat rating at this time. Noninterest expense rose 13% to $149 million. NoninterestRead More

Total System Services Sees Profits Soar in Q3

Total System Services, or TSYS, delivered a 38% year-on-year increase in adjusted third-quarter profits, reflecting the completion of a recent acquisition. On a GAAP basis, earnings rose 7% to $64.4 million, or $0.34 per share, from $60.3 million, or $0.32 per share, in the year-earlier quarter. Excluding acquisition-related intangible amortization, stock compensation and merger expenses, TSYS earned $92.8 million, upRead More

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