Santander`s First-Quarter Profit Benefits Lower Provisions

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% sequentially, but down 26% from the year-ago quarter because of … Continue reading Santander`s First-Quarter Profit Benefits Lower Provisions

BASF`s Crop Protection Products Help Boost Results in First Quarter

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 China was below the firm’s expectations during the quarter. Excluding … Continue reading BASF`s Crop Protection Products Help Boost Results in First Quarter

Stock In News : Earnings of Google EPS $6.08 Revenue $12.7B (NASDAQ GOOG)

Google Inc (NASDAQ GOOG) released its earnings numbers for the three months through June this afternoon after the market closed on Wall Street. According to the release the company earned $6.08 per share for the three months on revenue totaling $12.7 billion. In the same three months of 2013, Google Inc (NASDAQ GOOG) earned $4.78 per share, adjusted to the company’s stock split. Revenue in … Continue reading Stock In News : Earnings of Google EPS $6.08 Revenue $12.7B (NASDAQ GOOG)

Bitcoin Added to Currency Converter by Google

In another sign of Bitcoin adoption, Google Inc (NASDAQ GOOG)’s popular currency conversion calculator will now feature the digital payment method. The adoption of Bitcoin into a currency calculator marks the first time a non-fiat currency has been included in Google’s “currency” convertor. The digital payment method Bitcoin is now the first non-fiat currency to be listed on Google’s currency converter. Operating a Bitcoin exchange … Continue reading Bitcoin Added to Currency Converter by Google

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

Free WiFi Access Offered by Facebook Inc (NASDAQ FB) To Students

Facebook Inc (NASDAQ FB) announced its pilot program to provide free Wi-Fi access to students in partnership with the Town of Forest City, Rutherford County Schools and PANGAEA Internet. The social network giant Facebook said that a small number of students residing in the neighborhood surrounding the Rutherford Opportunity Center (ROC) will be given free Wi-Fi access as part of the pilot program. Facebook is … Continue reading Free WiFi Access Offered by Facebook Inc (NASDAQ FB) To Students