Banking Sector
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Tencent Holdings Ltd Reports Boost in Quarterly Sales; Shares Climb

Tencent Holdings Ltd Reports Boost in Quarterly Sales; Shares Climb

Tencent Holdings Ltd., the Chinese investment holding company touched its highest in about nine months helped by investments in social networking and games.

The biggest Internet company in Asia, posted a 45 percent jump in quarterly sales surpassing expectation. Tencent has been developing its content in order to attract users to its most recent smartphone games. Not only that; the company based in Shenzhen, China, is also driving the growth in advertisement on social networks.

Goldman Sachs Acquiring Austin based Honest Dollar Inc

Goldman Sachs Acquiring Austin based Honest Dollar Inc

Goldman Sachs Group Inc. is acquiring Austin based Honest Dollar Inc. that offers retirement services to those workers who do not have access to employer-based plans.

H&R Block Dropped 17.7 Percent Last Week

H&R Block Dropped 17.7 Percent Last Week

Last week, the H&R Block dropped 17.7 percent and in the last four weeks it has dropped 20.64 percent.

H&R Block has underperformed the S&P 500 index by 25.4 percent in the last four weeks. Investors are cautioned to move carefully and must watch out for further signals before trading.

H&R Block Inc. confirmed $0.2 per share dividend disbursement to shareholders.

The H&R Block stock has recorded a Twenty Day Moving Average of 17.92 percent. Its Fifty Day Moving Average is 16.63percent.

U.S. Watchdog Getting Ready to probe Federal Reserve’s Lax Oversight of Wall Street’s Financial Institutions

U.S. Watchdog Getting Ready to probe Federal Reserve’s Lax Oversight of Wall Street’s Financial InstitutionsReportedly, a United States watchdog agency is planning to investigate if the U. S. Federal Reserve has been slack in supervising the banks which it is meant to monitor.

Yahoo’s Board considering Possible Sale of the Business, Hires Three Investment Banking Firms

Yahoo’s Board considering Possible Sale of the Business, Hires Three Investment

No matter how hard, Yahoo's CEO Marissa Mayer tried to boost the company's profits nothing seemed to work for long and pressure from the frustrated shareholders kept growing. Stock prices of the company have dropped rapidly and investors are now pushing for sale of the Internet operations.

JPMorgan CEO Jamie Dimon Acquires Stocks Worth $26.6 Million of His Own Company

JPMorgan CEO Jamie Dimon Acquires Stocks Worth $26.6 Million of His Own CompanyReportedly, Jamie Dimon, the Chairman and CEO of JPMorgan Chase bought worth $26.6 million shares of his own bank. That might indicate his confidence in the bank although stocks have dropped to lower than they were about two years back.

Justice Department says HSBC has Reaches $470M Agreement with Federal Government and States, Related to Banking Abuses

Justice Department says HSBC has Reaches $470M Agreement with Federal Government

On Friday, in an announcement the Justice Department said that HSBC has agreed to $470 million settlement with the federal government along with almost all states related to issues of mortgage lending and foreclosure abuses which the officials opine aided in deepening the financial crisis in the country almost eight years ago.

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