Tourmaline Posts Impressive Quarter Despite Challenges

Tourmaline Oil reported second-quarter results after the market closed on Friday. Despite weatherrelated setbacks, the company still increased production, and has now set the stage to deliver phenomenal growth in the second half of the year. Results for the quarter lined up with expectations. Production averaged 70.1 thousand barrels of oil equivalent per day versus our forecast of 70.9 mboe/d. Earnings per share was spot-on … Continue reading Tourmaline Posts Impressive Quarter Despite Challenges

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Contracting in IT: Tips to build up a client base to get started

Starting a new business is always a precarious time, leaving the security of paid employment and being solely responsible for generating an income for yourself. One thing a freelancer or contractor needs to become a success is a good client base that will offer regular and continuous work. Just how do you go about building a client base? The first place to look for new … Continue reading Contracting in IT: Tips to build up a client base to get started

Bitcoin Fails to Take Off At Peru Startup Challenge

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 giving local consumers access to both an alternative currency and … Continue reading Bitcoin Fails to Take Off At Peru Startup Challenge

Second Quarter Profits Rise for STI

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 were helped by reduced loan-loss provisioning, which dropped to $146 … Continue reading Second Quarter Profits Rise for STI

COF Sailing Along Into Q3

Capital One Financial Corporation reported net income of $1.1 billion or $1.87 per diluted share in the second quarter of 2013, compared with $1.0 billion or $1.79 per diluted share last quarter, and $92 million in second-quarter 2012. Last year’s results reflected significant purchase accounting impacts as Capital One closed the acquisition of HSBC U.S. card business. The largest impact was the larger loan loss … Continue reading COF Sailing Along Into Q3

Bitcoin News: Bitcoin Symbol and Code to Be Standardised soon

The Bitcoin Foundation’s Financial Standards Working Group has shed new light on its priorities for the next six months, announcing it will attempt to standardise bitcoin’s code, currency symbol and subunits over that period. The group’s formal plan of action follows its first emergence as an unnamed standards committee this June, when a post on the Bitcoin Foundation community forum called for volunteers for the … Continue reading Bitcoin News: Bitcoin Symbol and Code to Be Standardised soon