Latin America is widely believed to one of the markets that could most benefit from digital currency, as the region’s consumers and businesses have been afflicted by volatile government-backed currencies, capital controls and high remittance costs. Given these challenges, a small but passionate local bitcoin industry has emerged in Latin America, with the aim of…
Facebook Inc (NASDAQ FB) launched a new advertising type – local awareness ads, which will be available to U.S. advertisers in few weeks time while it will take few months to make the said feature available on a global scale. This is yet another way of money making and if it does not get the…
Google Inc (NASDAQ GOOG) launched a news and weather app for iOS users on Wednesday. This handy new app will offer personalized news and weather. It will pull local information from up 65,000 publications including 60 country editions. Users can also customize the app to show topics like fashion, Hollywood, and NASA. Up until today,…
Second-quarter profits to common investors at SunTrust Banks rose 35% to $365 million, or $0.68 a diluted share, from $270 million, or $0.50 a diluted share, a year earlier. Net interest income fell 5% to about $1.2 billion, as reported net interest margin fell to 3.25% from 3.39% in 2012’s second quarter. However, SunTrust’s earnings…
Apple Inc (NASDAQ AAPL) stock has rallied 26.47% year-to-date. However, Deutsche Bank analysts led by Sherri Scribner believe that the stock has “limited catalysts” going forward. The research firm has downgraded the stock from Buy to Hold, and reduced the price target from $105 to $102. The rally in Apple stock this year was mainly…
Several potential buyers have expressed interest in acquiring New York EIT Inc.,NYRT +2.76% a $1.75 billion real-estate investment trust, according to several people briefed on the talks. New York REIT on Tuesday said it had enlisted Barclays Capital Inc. and Realty Capital Securities LLC to advise it in a bid to boost shareholder value. The…
