YOUR FRIENDS' ACTIVITY

    UniCredit Q2 profits drop 67 pct

    MILAN (AP) — Italian bank UniCredit SpA says second-quarter profits dropped 67 percent as it reinforced its capital buffers by nearly €2 billion.

    UniCredit reported net profit of €169 million ($207 million), compared with €511 million in the same period of 2011. The earnings were net of €477 million spent to buy back bonds in the first quarter.

    Analysts had forecasted a net profit of €269 million, according to a survey by Factset.

    UniCredit shares were up 4.8 percent to €2.69, as the Milan benchmark FTSE Mib traded 4.6 percent higher.

    Revenues in the quarter were down 3.2 percent to €6.2 billion.

    The bank's Core Tier 1 ratio, a key measure of a bank's health, stands at 10.4 percent, above European regulatory requirements.

    Loading...
    • What We Know About the Record Breaking Powerball Jackpot's Mystery Winner

      The frenzy for last minute tickets is over. The numbers have been picked out. Somewhere, a single person is $590.5 million richer. Last night's record Powerball jackpot has a winner but we have no idea who that person is yet. 

    • A record Powerball jackpot isn't a record to celebrate

      When the 43-state Powerball lottery jackpot hit a record at $600 million Friday, many Americans who would otherwise not gamble rushed out to buy the $2 tickets. “Just on the off-chance,” many probably said.

    • Steve Jobs widow: How is Laurene Powell Jobs spending her wealth?

      For most of her 20-year marriage to Steve Jobs, Laurene Powell Jobs was content to be a behind-the-scenes philanthropist.

    • Calif. doc with 'cancer cure' gets 14 years prison

      A California doctor has been sentenced to 14 years in federal prison for bilking her patients out of more than $1 million by promising that an herbal supplement could cure late-stage cancer and other diseases. ...

    • After nearly 30 years, Camp Lejeune coming clean

      CAMP LEJEUNE, N.C. (AP) — Purple wildflowers sprout in abundance around the bright-yellow pipe, one of several jutting from the sandy soil in this unassuming patch of grass and mud. A dirty hose runs from the pipe to an idling truck and into a large tank labeled, "NON-POTABLE WATER."

    • The IRS Scandal Was First Revealed by an IRS Official Asking to Be Asked About It

      The IRS official who revealed the IRS had inappropriately targeted conservative groups on Friday did so on purpose -- by asking a tax lawyer to ask her about it at American Bar Association tax section’s annual meeting. Tax lawyer Celia Roady issued a statement, posted by Talking Points Memo, saying that the IRS's Lois Lerner asked called her before the meeting and "asked if I would pose a question to her after her remarks." Roady agreed, and said Lerner "did not tell me, and I did not know, how she would answer the question. ...

    • The President's Umbrella Scandal Folded Before It Could Take Off

      There was a brief moment where some conservative were trying to make a scandal out of the President's moment in the rain on Thursday. But unfortunately that scandal died before it could really take off. During his Thursday press conference with Turkish Prime Minister Recep Erdogan, a Marine officer held an umbrella over the President's head to protect him from the rain. There were many problems with this, according to a select group of people. 

    Loading...

    Follow Yahoo! News

    Brought to you byYahoo! Finance