The second-largest Swiss bank, Credit Suisse, reported a surprisingly profitable third quarter. With a profit of 1.025 billion Swiss francs ($1.07 billion), the year-over-year figure has more than doubled. During the third quarter of 2013, the bank recorded a profit of 454 million francs. While the results signal an ascending trend, Credit Suisse CEO maintains a cautious attitude regarding the … [Read more...]
Nokia Rejuvenated after Dropping Phone Unit
Selling the phone business to Microsoft in April seems to have been a wise decision for Nokia. The third quarter figures show that the company is now again profitable. Moreover, Nokia’s revenue exceeded the analysts’ expectations. Rajeev Suri was appointed Chief Executive Officer in May, after the transaction took place, and he already proves that the board took the right decision. Nokia’s … [Read more...]