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…
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….
Carrier China Telecom CHA increased first-quarter revenue 15% year over year to CNY 78 billion ($12.6 billion) thanks to strong mobile service revenue and handset sales. EBITDA grew at a much faster pace of 36%, as the firm benefited from scale efficiencies on its 3G network after it acquired the assets from its parent at…
Less than a month after it first began accepting bitcoin, Dell has received 85 BTC (over $50,000) for a PowerEdge server order. NewsBTC first reported the story after Dell CEO Michael Dell tweeted the following:”Recieved PowerEdge server order @ http://dell.com for more than 85 #bitcoin (~$50K USD) #Dellbitcoin” It’s not known exactly who placed the…
Chinese search engine Baidu BIDU posted a 40% increase in first-quarter revenue that met our expectations, although margins came under pressure due to aggressive investments in mobile Internet. We believe these strategic investments behind product innovation, engineering talents, network infrastructure, and marketing campaigns are critical to fortifying Baidu’s competitiveness in the fastgrowing mobile Internet space…
Driven by a desire to promote human dignity, Dignitas International, a Malawi-based charity that has provided medical assistance to 200,000 residents in the land-locked nation since 2004. The organisation is now turning its attention to a challenge of an entirely different kind: transaction fees. “Dignitas has to deal with high credit card and transaction fees…
