FINANCIAL BANKING CRISIS DIFFERING RESULTS
April 22, 2009 - United States
Morgan Stanley has reported a net loss for the first quarter of 2009 of $177 million, or $0.57 per diluted share, compared with their net income of $1,413 million, or $1.26 per diluted share, the previous year. Net revenues were $3.0 billion, 62% below 2008's first quarter. Non-interest expenses of $3.9 billion have decreased 33% from that year. Compensation expenses of $2.1 billion have decreased to 46%, and non-compensation expenses decreased 9%, reflecting the lower levels of business activity and firm-wide initiatives to reduce costs. The results for the current quarter have been compared with the results of the first quarter of 2008. Wells Fargo has confirmed that it has made a record profit of $3.05 billion in the first quarter of 2009. The bank had announced that it would be making $3 billion because of the better-than-expected results at newly-acquired lender Wachovia. Revenue for the period has totalled $21 billion. These profits have reflected the business momentum that came from the newly combined Wells Fargo-Wachovia.
BAY OF PIGS
April 22, 1961 - Cuba
President Fidel Castro of Cuba will make his first public announcements since the insurgent forces invasion on the bay of Pigs last week on TV and Radio nationwide, also the Russian leader Khrushchev has denounced the invasion and has stated publicly that he holds the United States directly responsible for this gangsterism against Cuba.
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RANDOM QUOTES
Rules for Happiness
by Immanuel Kant
"...Rules for Happiness: Something to do, Someone to love, Something to hope for...."
The wealth of the nation
by Earth Day, Gaylord Nelson
"...The wealth of the nation is its air, water, soil, forests, minerals, rivers, lakes, oceans, scenic beauty, wildlife habitats and biodiversity that'as all there is. That'as the whole economy. That'as where all the economic activity and jobs come from. These biological systems are the sustaining wealth of the world...."
RANDOM FACTS
More vehicles
about Stolen On New Year's
More vehicles are stolen on New Year's Day than any other holiday throughout the year. (So does that mean thieves are having their last fling before changing their ways or are they trying for a big score to start the New Year?)
Harvard Medical School
about Eyesight Myth and Fact
Myth: Staring at a computer screen all day is harmful to the eyes.
Fact: Spending the day staring at a screen can tire or strain your eyes, but it will not hurt them. Make sure lighting doesn't create a glare on your screen. When spending long periods at your keyboard, take a break now and then to rest your eyes to reduce fatigue. Also, don't forget to blink. Your eyes need to stay lubricated to feel comfortable.
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Category Information : Engineering
This is our Engineering category. If you are interested in Engineering, feel free to browse these listings. If you have a site that fits within this category, Submit it for inclusion.
A professionally managed enterprise and it has emerged as one of the leading players in the arena of manufacturing, exporting and supplying of diverse Magnetic Products, Magnets, Electro Holding Ma...
Founded in 2005, Corrosion Matters, by experienced electrical engineers today emerges as a leading specialist and technology provider for materials and advisory services for the Electrical Engineer...
Is the global leader in providing manufacturing solutions for the semiconductor, flat panel display and solar photovoltaic industries. Our technologies help make innovations like smartphones, flat ...
The type of glass in a window is determined by the use of the window. The majority of our windows are supplied with clear glass, toughened to the mark standard. Let us know how you want your window...
Associated transformers is a leading Transformer Manufacturing Company in Tamilnadu, India. Lead the industry in manufacturing of various types of transformers like Distribution, Furnace/ Rectifier...
Each quarter, twenty general or topical web directories are evaluated and rated according to predetermined criteria. The top ten are placed in competition with one another and ten additional direct...
Champagne hot air Balloon flights over Berkshire, Hampshire, Hertfordshire, Oxford, Surrey and London. The perfect surprise gift for that special occasion - Birthday Presents, Valentine Surprises, ...
Search engine is the term with which we are accustomed with very much. But the web directory is not that same. The web directories are older than search engines according to the time of their invention.
The course of the River Thames as we know it today was created about 10,000 years ago, by melt water from the ice-sheets that covered much of the United Kingdom during the last ice-age...
Unfortunately just like humans our pets will age too. With the aging process comes health problems and with health problems comes very expensive vet bills. Research you dog