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Cedar Rapids Gazette in Cedar Rapids, Iowa

15 Oct 2015

Page 11

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Cedar Rapids Gazette October 15, 2015 Page 11 old newspaper archives

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Oct 15, 2015

Page

11

Wells Fargo earnings rise on clean operating gain and GE loan buy

Wells Fargo & Co reports a 0.65 percent rise in earnings to 1.05 per share on $5.44 billion in net income for the quarter ending Sept 30. Mortgage revenue falls 2.7 percent to 1.59 billion as home loan applications drop about 25 percent since January. The bank agreed to buy GE commercial loans and leases worth over 30 billion, potentially boosting 2016 EPS by 3-4 percent, while net interest income climbs 1.7 percent to 10.75 billion on higher loan yields.

MENTIONED IN THIS ARTICLE

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Merger unlikely to shift U S beer markets say analysts

Anheuser-Busch InBev agreed to a 106 billion deal to acquire SABMiller creating a giant with about one third of global beer sales. Analysts say U S impact will be small as antitrust reviews may force divestitures including MillerCoors. Molson Coors is floated as a likely buyer to maintain competition.

MENTIONED IN THIS ARTICLE

Anheuser-Busch InBev Sabmiller United States U.S Mike Mazzoni Seema International Accord Ing Mazzoni MillerCoors Miller Lite Coors Light Molson Coors Molson Coors Gene Kimmelman Public Knowl Edge Antitrust Agency
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Apple faces up to 862 million in WARF patent verdict

A Wisconsin judge and a Madison jury found Apple used WARF patent tech without permission in A7 A8 and A8X processors in iPhone 5S 6 6 Plus and iPad models. Damages phase to determine liability amount. Warf seeks up to 862.4 million. A new suit targets A9 and A9X devices.

MENTIONED IN THIS ARTICLE

New York Apple Inc University of Wisconsin-Madison Madison Wis Apple Wisconsin Alumni Research Foundation Warf U.S William Conley Ware Intel Corp
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