Morningstar’s credit rating of BBB+ for Royal Bank of Scotland reflects the bank’s large balance of nonperforming loans but is bolstered by the recent improvements in the bank’s operating performance. Through acquisitions, Royal Bank of Scotland has become a global bank, with operations in 50 countries. RBS is primarily a business bank and is dominated…
Intel Corporation (NASDAQ:INTC) Director David B. Yoffie sold 20,000 shares of Intel stock on the open market in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $34.19, for a total value of $683,800.00. Following the sale, the director now directly owns 28,879 shares in the company,…
Chesapeake Energy (NYSE:CHK)’s stock had its “hold” rating restated by stock analysts at Deutsche Bank in a report issued on Friday. They currently have a $33.00 price objective on the stock, up from their previous price objective of $31.00. Deutsche Bank’s target price indicates a potential upside of 22.22% from the company’s current price. Chesapeake…
In the first quarter of the year, Spain’s largest bank, Grupo Santander SAN , earned EUR 1,205 million, up significantly from the EUR 401 million it earned in the trailing quarter. Most of this increase was due to the non-recurrence of special loan loss provisions in the fourth quarter; excluding this, earnings were up 18%…
In the first quarter, BASF BAS continued to rely on its diversified product mix in what has been a challenging market environment for chemical producers. BASF’s agriculture and oil and gas businesses propped up sales in the first quarter, as revenues increased 4.8% year over year. On a geographic basis, management noted that growth in…
On 30 June announced 58.com Inc. (ADR) (NYSE:WUBA) a China-based classified site similar to Craigslist, has won a US$736 million investment from Tencent Holdings Ltd., the operator of major social and messaging platforms in China. 58.com Inc (ADR) (NYSE:WUBA) stock performance was -0.68% in last session and finished the day at $48.33. Traded volume was…
