Author: InvestAdvocate

Consumer Spending Propelled U.S. Fourth-Quarter Growth: Economy

Consumer spending that rose at the fastest pace in three years helped the U.S. economy grow at a 3.2 percent pace in the fourth quarter, overcoming government cutbacks and laying the foundation for a stronger expansion. The rate of growth in the world’s largest economy followed a 4.1 percent advance […]

OANDO Energy Announces Agreement for Private Placement

Oando Energy Resources Inc (OER) – a subsidiary of Oando Plc – a company focused on oil and gas exploration and production in Nigeria, has announced that it intends to complete a private placement to raise the sum of US$50,000,000. In addition, in connection with the Offering, OER intends to […]

Facebook Fourth Quarter Revenue Up 63%

Facebook has announced that its fourth quarter revenue in 2013 jumped 63% thanks to a boost in mobile advertising sales. The California-based social networking company earned $523m (£316m), between October and December last year. That is up $64m (£39m) from the previous year. Shares were up 7% at $57.36 (£34.64) […]