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Gulf Resources Reports Higher Earnings and Revenue in Q1 and Twitter to Launch a Mute Feature

Gulf Resources, Inc. (NASDAQ: GURE) reported higher earnings and revenue in its first quarter. China-based Gulf Resources reported net income of $4.3 million, or 11 cents a share. This came in more than double the $1.9 million, or 5 cents a share, in the year-ago quarter. Revenue also climbed 14% year over year to $25.6 million.   Gulf Resources, Inc., together with its subsidiaries, manufactures and trades in bromine and crude salt products in the People's Republic of China. It operates in three segments: Bromine, Crude Salt, and Chemical Products. The Bromine segment provides bromine

Bank of America Makes a $4 Billion Mistake and Twitter User Growth Slows

Bank of America Corporation (NYSE: BAC) has made a significant error in the way the company calculates a crucial measure of its financial health. The error has gone undetected for years and had the company reporting $4 billion more capital than it actually had. The Federal Reserve has required the bank to suspend a share buyback and its planned increase in its quarterly dividend. Bank of America's first-quarter earnings release said that it had $134 billion of common equity Tier 1 capital, a closely monitored measurement. After discovering the error, that number fell to $130 billion.

Twitter Buys Gnip and Hires Former Google Director while Bank of America Reports $276M Q1 Loss

Twitter, Inc. (NYSE: TWTR) has agreed to acquire data partner Gnip, in a deal that did not disclose any financial terms. Gnip has access to Twitter’s full stream of tweets since 2006. The company analyzes this information and sells it, primarily to businesses that are interested in how consumers view them. Twitter now averages roughly 500 million tweets a day. The company also announced that it has hired Daniel Graf, who was most recently a director at Google and oversaw Google Maps since 2012. Twitter, Inc. is a global platform for public self-expression and conversation in real time.

Twitter Releases New Redesign for Select Users and General Motors gets downgraded by Morgan Stanley

Twitter, Inc. (NYSE: TWTR) is introducing a redesign of profile pages that includes bigger photos, more user controls and a distinct resemblance to Facebook. Select users will see the changes. "Moment by moment, your Twitter profile shows the world who you are," the company wrote in a blog post Tuesday. "Starting today, it will be even easier (and, we think, more fun) to express yourself through a new and improved Web profile." Twitter said in February that it had 241 million users at the end of 2013. By comparison, Facebook boasts some 1.23 billion users, while WhatsApp, the messaging

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