NEW YORK (AP) — Credit card processing giant Visa said its fiscal fourth-quarter results rose 28 percent from a year earlier, as the company processed more payments on its namesake network. The company’s results were also buoyed by the recent purchase of Visa Europe.On Monday, Visa reported net income of $1.93 billion for the period ended Sept. 30, compared with $1.51 billion in the same period a year earlier. On a per-share basis, Visa earned 79 cents per share compared with 62 cents per share in the same period a year earlier.The results beat expectations, with analysts surveyed by FactSet expecting earnings of 73 cents per share.Visa is in a transition period, with Visa working to integrate its purchase of Visa Europe, which closed June 21, and the unexpected announcement last week that its CEO Charlie Scharf would retire at the end of the year.Visa processed $1.857 trillion on its payment network in the quarter, a closely watched metric by investors, up 47 percent from a year earlier. That includes the $467 billion processed on the Visa Europe network in the quarter. Excluding Visa Europe, the company processed $1.39 trillion compared with $1.264 trillion in the same period a year earlier. Visa makes the majority of its revenue by charging a fee for every transaction processed on their network.

Source: Visa 4Q results rise 28 percent, helped by Visa Europe | Business News | US News


A new WHO air quality model confirms that 92% of the world’s population lives in places where air quality levels exceed WHO limits.* “The new WHO model shows countries where the air pollution danger spots are, and provides a baseline for monitoring progress in combatting it,” says Dr Flavia Bustreo, Assistant Director General at WHO. It also represents the most detailed outdoor (or ambient) air pollution-related health data, by country, ever reported by WHO. The model is based on data derived from satelli

Source: 92% of the world’s population exposed to unsafe levels of air pollution — ScienceDaily


When Brian Jensen told his audience of HR executives that Colorcon wasn’t bothering with annual reviews anymore, they were appalled. This was in 2002, during his tenure as the drugmaker’s head of global human resources. In his presentation at the Wharton School, Jensen explained that Colorcon had found a more effective way of reinforcing desired behaviors and managing performance: Supervisors were giving people instant feedback, tying it to individuals’ own goals, and handing out small weekly bonuses to emp

Source: The Future of Performance Reviews


Investigators at Stanford University have found a surprising link between creative problem-solving and heightened activity in the cerebellum, a structure located in the back of the brain and more typically thought of as the body’s movement-coordination center.

In designing the study, the researchers drew inspiration from the game Pictionary.

The cerebellum, traditionally viewed as the brain’s practice-makes-perfect, movement-control center, hasn’t been previously recognized as critical to creativity. The new study, a collaboration between the School of Medicine and Stanford’s Hasso Plattner Institute of Design, commonly known as the, is the first to find direct evidence that this brain region is involved in the creative process.

Source: Unexpected brain structures tied to creativity, and to stifling it — ScienceDaily