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J2 Global 2nd-Quarter Profit Rises
LOS ANGELES — Shares of j2 Global Communications Inc. sank after the market closed on Tuesday, although the voicemail and fax services provider reported second-quarter profit grew 12 percent and offered third-quarter and yearly guidance.
Quarterly profit grew to $13.1 million, or 26 cents per share, from $11.7 million, or 23 cents per share during the same period last year. Revenue jumped 27 percent to $44.4 million, from $34.9 million last year.
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As Predatory Lending Adapts to Weak Regulations, the Poor Pay
More than a decade after the enactment of federal legislation to protect communities preyed upon by deceptive home-loan schemes, disadvantaged families and their advocates say they are facing even more challenging terrain in laying the foundations of home ownership.
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