Discover Financial Service DFS reported net income of $673 million, or $1.33 per diluted share, for the first quarter of 2013. The narrow-moat company continued to generate strong momentum across business lines, increasing book value more than 5% during the quarter, and we may moderately increase our fair value estimate as we incorporate the quarter’s…
Bayer’s (BAYRY) has progressed well with its newly launched products in the last few quarters. Drugs like Eylea (Eye), Stivarga (oncology), Xarelto (anticoagulant), Xofigo (oncology) and Adempas (pulmonary hypertension) posted sales of €598 million in the first quarter and are expected to contribute around €2.8 billion in 2014. The company is looking to get these…
Global online payment processor Payza has announced it is now offering customers in 190 countries the ability to buy bitcoin via bank transfer. Payza took to its official blog to reveal the news, though this formal announcement followed preliminary tweets from both Payza business development consultant Charlie Shrem and the London and Montreal-based company itself….
A Wisconsin couple has filed a wrongful death lawsuit against a popular caregiver website they had used to hire a nanny accused of killing their infant daughter. A lawsuit filed by Nathan and Reggan Koopmeiners in Kenosha County Circuit Court names both the company, Care.com, Inc. (NYSE:CRCM), and nanny Sarah Gumm as defendants. Care.com, Inc. (NYSE:CRCM)…
Cloud service provider Rackspace Hosting Inc (NYSE:RAX). Monday reported a marginal rise in second-quarter profit, helped by double-digit revenue growth, largely offset by higher operating expenses. Quarterly earnings came in line with Wall Street estimates, while revenue surpassed expectations. Rackspace Hosting, Inc. (NYSE:RAX) belongs to Technology sector. Its net profit margin is 7.00% and weekly…
CBS Corporation (NYSE:CBS) CEO Les Moonves revealed in a recent earnings call that CBS Studios is currently developing original TV series specifically with streaming video services in mind. While Moonves didn’t delve into any details regarding which services CBS might be collaborating with, the CEO did say that the network plans to produce “more and more…
