Sprint Nextel Corp., the country’s third largest wireless carrier, on Thursday said it lost $1.3 billion in its fourth quarter, about the same as a year ago, as it revamped its network for a comeback versus bigger competitors. The company’s focus, and that of its investors, is on its long-term […]
Author: InvestAdvocate
Credit Suisse returns to profit in Q4
Credit Suisse, Switzerland’s second-biggest bank, returned to profit in the fourth quarterof 2012 but said it was planning to cut costs more than previously planned. The Zurich-based bank said Thursday it made a profit of 397 million Swiss francs ($435 million) during the period, in contrast to last year’s loss […]
IFC Issues N12bn Nigeria Local Currency Bond
The World Bank’s private sector arm, the International Finance Corporation (IFC) has issued N12 billion ($75 million) of its debut Nigeria local currency bond. Reuters Tuesday quoted a banker who had knowledge of the deal to have disclosed that the fixed income instrument had a yield of 10.2 per cent. […]
