Europe’s central banks resisted pressure to do more to support growth, keeping interest rates at record low levels Thursday as evidence emerged that the region’s economy may be on the mend. The European Central Bank left its key interest rate at 0.75%, and the Bank of England held its at […]
Author: InvestAdvocate
Sprint posts big 4Q loss, revenue rises
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 […]
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 […]