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…
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…
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…
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…
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…
