Tag Archives: year
Dr. Reddy’s retreats from record after earnings
REUTERS MARKET EYE: Shares in Dr.Reddy’s Laboratories Ltd fell 2.4 percent after its January-March earnings results, retreating from a record high hit in the previous session even as consolidated net profit and operating margins beat estimates. Dr.Reddy’s earlier said its January-March consolidated net profit rose 66.5 percent to 5.71 billion rupees from a year earlier. That was above expectations of a consolidated net profit of 4.47 billion rupees Continue reading
U.S. airlines rake in $6B in add-on fees
U.S. airlines collected more than $6 billion in baggage and reservation change fees from passengers last year — the highest amount since the fees became common five years ago Continue reading
U.S. Bank Shares Rise on Bullish Signal From Trading Executive
J.P. Morgan Chase & Co.’s (JPM) revenue from trading stocks and bonds in the second quarter is on pace to rise 10% to 15% from a year ago, an early but bullish projection that helped lift several big U.S. bank stocks to 52-week highs on Tuesday. Continue reading
U.S. deficit much smaller than expected
The latest government estimate suggests America’s budget deficit in the current year will come in well below what policymakers were expecting as recently as a few months ago. Continue reading
Last Call: FHA Mortgage Insurance Discount Set to Expire
By Julian Hebron of The Basis Point. NEW YORK (TheStreet) — The home loan product that carried low-down-payment consumers and the U.S Continue reading
Special Report – In Myanmar, apartheid tactics against minority Muslims
By Jason Szep SITTWE, Myanmar (Reuters) – A 16-year-old Muslim boy lay dying on a thin metal table. Bitten by a rabid dog a month ago, he convulsed and drooled as his parents wedged a stick between his teeth to stop him from biting off his tongue. Continue reading
BlackBerry Falls on Q5 Smartphone News
NEW YORK (TheStreet) – BlackBerry shares were falling even as the smartphone maker unveiled a new operating system and a new lower-priced handset at its widely-watched annual conference for investors and developers taking place this year in Orlando. CEO Thorsten Heins made the announcements while sparking speculation that the Ontario, Canada-based company may soon ship new BBM (BlackBerry Messaging) apps for both Apple iOS and GoogleAndroid devices. Blackberry was falling 3.4% to $15.34 in afternoon trading Continue reading
Kabbage Expands Small-Business Financing
NEW YORK (TheStreet) — Small-business financing outfit Kabbage, which made its mark by focusing exclusively on funding small e-commerce merchants that sell through Amazon , eBay , Yahoo! and Etsy, among others, is expanding its reach to fund both online and offline small businesses. The company announced a partnership with Intuit to use QuickBooks data to instantly approve and extend funding, it said Tuesday. It is a significant expansion for the two-year-old Atlanta startup, which has offered approximately $85 million in short-term financing through more than 70,000 advances to e-commerce businesses since its launch in August 2011. Continue reading
Panasonic to Boost Capital Ratio
Panasonic Corp. (6752.TO) will raise its capital ratio to at least 30% by the year through March 2016 from 23.4% as of this past March 31, according to Managing Director Hideaki Kawai, the Nikkei reported in its Tuesday morning edition Continue reading
Tia Sharp Murder: Stuart Hazell Pleads Guilty
The 37-year-old will be sentenced this morning after dramatically changing his plea and admitting murdering the youngster. Continue reading
