Bank of America posts profit in Q3

Source: CNN Money
Bank of America Corp registered a $2.5 billion profit for the third quarter of this year. Net earnings reached $0.20 per share. The overall revenues exceeded $21.5 billion, while analysts predicted it to hit $22 billion. The company has considerably reduced costs by, for example, cutting 24,000 jobs during the last year. Bank of America Corp stocks added 2.25% to $14.56 yesterday.
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Thu, 17 Oct 2013 10:02:08 GMT

TeliaSonera profit rises amid Eurasian operations

TeliaSonera AB, the largest phone company in Sweden, announced a net profit of $717 million the in the quarter of this year, 15% up from the previous three months. Economists, in turn, forecasted a modest profit growth to $670 million. The company has restructured and exceeded its Eurasian operations. Today, TeliaSonera AB shares are trading up 3% to 51.05 kronor

Thu, 17 Oct 2013 09:40:09 GMT

Capital Economics: U.K. unemployment will decrease slightly

According to the survey of Capital Economics, unemployment level in the United Kingdom will fall on the slower pace, even though the economic recovery continues in the country and the overall growth in 2013 will exceed 1%. Even the Bank of England's target is set at 7%, which can be reached only by 2016. Meanwhile, the employment level in August

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