Square’s approximate loss recorded in 2013, which was broader than its loss in 2012, according to people familiar with the matter. With losses widening and cash shrinking, representatives of the mobile-payments startup have discussed a possible sale to several deeper-pocketed rivals.
(Source: Wall Street Journal)
The amount Bank of America Corp. said it is setting aside for potential costs related to financial-crisis-era litigation, having already spent more than $50 billion to resolve numerous legal woes stemming from the crisis.
(Source: Wall Street Journal)
The rate of China’s economic growth in the first quarter of 2014, which was down from the fourth quarter but still beat forecasts.
(Source: Wall Street Journal)
People projected by the U.S. Congressional Budget Office to buy policies through health-insurance exchanges by 2017.
(Source: Wall Street Journal)
Cases of Middle East Respiratory Syndrome, or MERS, confirmed by the World Health Organization since September 2012—of which 92 were fatal.
(Source: Wall Street Journal)
The full-year operating loss reported by the crisis hit Co-operative Bank. The U.K.-based lender was hurt by souring loans and charges relating to misconduct and legal issues, and warned it won’t make a profit in 2014 or 2015.
(Source: Wall Street Journal)
The level of cash on U.S. corporate balance sheets continues to climb to record high levels. Company balance sheets are in great shape as management teams have become more conservative following the financial crisis. Should confidence improve, companies can put this cash to work via capital expenditures to boost organic growth or acquisitions. Companies could also return the cash to shareholders in the form of dividends or buybacks.
(Source: Brinker)
$11.8 million
J.P. Morgan Chase & Co. Chairman and CEO James Dimon’s 2013 compensation, according to the Securities and Exchange Commission—37% lower than the $18.7 million he collected the previous year.
(Source: Wall Street Journal)
$9 billion
Punitive damages faced by Takeda Pharmaceutical Co. and its marketing partner Eli Lilly & Co. after a U.S. jury decided that the drug makers hid the cancer risks of their Actos diabetes drug.
(Source: Wall Street Journal)
The chance of filling out the perfect bracket for the NCAA men’s basketball tournament this year, which ended Monday with Connecticut beating Kentucky 60-54.
(Source: Wall Street Journal)
