Bad Credit 2nd Mortgage Refinance

Marvel 2Q Profit Down on Licensing Sales

NEW YORK — Comic book publisher Marvel Entertainment Inc. said Monday its second-quarter profit slumped 37 percent, weighed down by lower licensing sales, but beat Wall Street's estimate.

The company also boosted its full-year earnings outlook.

Santander Profit Climbs 26% on Latin America, Abbey (Update4)

July 27 (Bloomberg) -- Santander Central Hispano SA, Spain's largest bank, said profit climbed 26 percent in the second quarter as revenue from Latin America increased and personnel costs declined at its U.K. unit Abbey National.

Net income rose to 1.72 billion euros ($2.19 billion), or 28 cents a share, from 1.37 billion euros, or 22 cents, a year earlier, Santander said today. Revenue increased 16 percent to 5.71 billion euros.

Santander, the biggest bank in the 12 nations sharing the euro, plans to invest $4 billion in Latin America over the next three years to tap credit demand that is outpacing Spain. Chairman Emilio Botin, 71, is also slashing 2,000 jobs at Abbey, the British mortgage lender that Santander bought for $16.9 billion in 2004.

``They're clearly very good results, highlighting above all the contribution of business outside Spain,'' said Pablo Garcia, a fund manager at Nordkapp Inversiones SV in Madrid who helps manage the equivalent of $485 million in investments.

Sector Snap: Internet Stocks Mixed

NEW YORK — Sabre Holdings Corp., a travel distribution technology company, gained ground in midday trading Friday amid a mixed bag of Internet stocks.

Shares of Sabre, the parent company of travel Web sites including Travelocity.com, jumped 97 cents, or 4.6 percent, to $22.29 in morning trading on the New York Stock Exchange.

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