Visa Inc.' s profit jumped 26 percent in its fiscal second quarter from a year earlier as the company benefited from strong growth in payments volume, service revenue and a one-time tax gain. The debit and credit card payments processor reported net income of $1.6 billion, or $2.52 per share, for the three months that ended March 31.» Read More
LES CAYES, Haiti, April 24- With the sun barely up, beads of sweat already dot the brow of a barefoot farmer as he hacks at the soil with a pickax, digging up a precious root that has been dubbed Haiti's "super-crop."
*Apple rallies a day after announcing 7- for-1 stock split. *Caterpillar gains after results; Verizon, 3 M fall. NEW YORK, April 24- The Nasdaq rose modestly in a choppy session on Thursday, lifted by a rally in Apple shares a day after the iPad maker's strong results, though tensions in Ukraine held the broader market in check.
April 24- Starbucks Corp on Thursday reported that quarterly sales at established stores in its U.S.-dominated Americas region slightly accelerated as it attracted more customers, who spent more during each visit. That figure included a 6 percent increase for the Americas region that contributes the majority of Starbucks' revenue.
The stock market closed mostly higher Thursday, helped by positive earnings out of several large U.S. companies including Apple and construction equipment maker Caterpillar. The gains were modest, however, as investors turned their eyes back to Russia and Ukraine, where geopolitical tensions were heating up again.
Visa and rival Mastercard Inc have been helped by increasing consumer spending in the United States and a shift to plastic payments in emerging markets. Net income attributable to the company rose to $1.60 billion, or $2.52 per Class A share, from $1.27 billion, or $1.92 per Class A share, a year earlier.
SAN FRANCISCO, April 24- Amazon.com Inc reported higher-than-expected revenue growth in the first quarter and boosted its investments in technology, content and warehouses as the e-commerce giant branches out into new businesses.
NEW YORK, April 24- Charles Schwab Corp has dropped a fight to require customers to waive their rights to participate in class action lawsuits, the company said on Thursday.
WASHINGTON, April 24- While energy reforms have opened the door for Mexico's state-run energy company to expand overseas, its focus for now will be on developing its "low-hanging fruit," the head of Pemex said on Thursday.
SAN FRANCISCO— Google, Apple, Intel and Adobe have settled a class-action lawsuit alleging they conspired to prevent their engineers and highly sought technology workers from getting better job offers from one another.
LAS VEGAS— Casino giant Las Vegas Sands Corp. says its first-quarter net income rose 36 percent due to a strong performance in Macau. Billionaire CEO Sheldon Adelson said Thursday that the company delivered growth in every sector of business in Macau, the only place in China where gambling is legal.
LOS ANGELES— The director of the upcoming "X-Men" film is calling a lawsuit that accuses him of raping an aspiring model and actor in 1999 a shakedown. His statement comes a week after he was sued by Michael Egan III in Hawaii in a case that accuses the director of sexually abusing Egan there when he was 17 years old.
April 24- Touchscreen chip maker Synaptics Inc's third-quarter revenue rose 25 percent due to a surge in sales to mobile phone makers. Synaptics reported a net loss of $40.1 million, or $1.12 per share for the quarter ended March 31, compared with a net income of $36.4 million, or $1.07 per share, a year earlier.
NEW YORK— Starbucks reported a higher quarterly profit in line with Wall Street expectations, helped by stronger sales in its flagship U.S. market. Starbucks Corp. keeps finding ways to attract customers or getting them to spend more. For the quarter, the company earned $427 million, or 56 cents per share.
NEW YORK, April 24- Major U.S. companies including Clorox and Kraft are favoring more bonds in the mix for their employees' defined benefit pension plans, even amid signs the three-decade bull run in bonds is on its last legs.
On Wednesday, it launched Prime Pantry, a grocery delivery service for Prime members And earlier this month, it introduced its first set-top video streaming box called Amazon Fire that sells for $99. It boosted its Prime 2- day shipping membership program annual fee from $79 to $99 in March.
REDMOND, Wash.— Microsoft Corp. posted flat revenue and a decline in net income for the January-March quarter. Analysts polled by FactSet expected Microsoft to post earnings of 63 cents per share on revenue of $20.39 billion.
April 24- Scott London, a former senior partner at the accounting firm KPMG LLP, was sentenced by a federal judge in Los Angeles on Thursday to 14 months in prison for insider trading. When he was confronted by the FBI, he protected KPMG and his clients by fully cooperating immediately. " London, U.S. District Court, Central District of California, No. 13- cr-00379.
April 24- Cirrus Logic Inc, a supplier to Apple Inc, reported better-than-expected quarterly results, helped by strong demand for its audio chips from the iPhone and iPad maker. Cirrus gets three-quarters of its revenue from Apple, which on Wednesday beat Wall Street estimates on its iPhone sales in the quarter ended March.
April 24- Visa Inc, the world's largest credit and debit card company, reported a 26 percent rise in quarterly profit as consumers spent more using cards on its network. Net income attributable to the company rose to $1.60 billion, or $2.52 per Class A share, in the second quarter ended March 31 from $1.27 billion, or $1.92 per Class A share, a year earlier.
SAN FRANCISCO, April 24- Amazon.com Inc reported a 32- percent jump in first-quarter net income on Thursday as the largest U.S. online retailer's revenue rose a better-than-expected 23 percent.