ATLANTA - (07/25/06) -- Credit bureau Equifax Inc. reportedthat net income for its second quarter rose 11% to $69.6 million,or 53 cents a share. Second quarter revenues were up 7% to $387.7million. Second quarter financials included a $14.1 millionnon-taxable gain from litigation with certain selling shareholdersof Navient, Inc., a 2002 acquisition; and an $8.7 million lossrelated to litigation involving the company's Personal Solutionsunit. For the first six months of the year Equifax reported a 9%rise in net income to $132.2 million, or $1.03 a share, compared tothe first half in 2005. Revenues for the first six months were up8% to $761.7 million.
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Some distressed companies that tapped the Federal Reserve's Main Street Lending Program say they've been crushed by the agency's hardline stance on modifications.
19m ago -
Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6 -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
February 6 -
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
February 6





