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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of Jobs
SAN FRANCISCO (MarketWatch)
Intel Corp. reported a fourth-quarter profit of $2.6 billion, or 51 cents a share, compared with a profit of $2.5 billion, or 48 cents a share, for the year-earlier period
Revenue was $13.8 billion, up from $13.5 billion
Analysts polled by FactSet on average were expecting the chip maker to report a profit of 52 cents a share, on revenue of $13.72 billion
For the current quarter, Intel expects revenue of $12.8 billion, plus or minus $500 million
Analysts were expecting revenue of $12.78 billion
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By Ben Fox
Verizon Communications Inc. said it swung to a fourth-quarter profit, as the phone carrier continues to benefit from rising wireless and FiOS customers.
Verizon posted a profit of $5.07 billion, or $1.76 a share, compared with a year-earlier loss of $4.23 billion, or $1.48 a share. Both quarters included significant nonoperational items, primarily related to the annual actuarial valuation of benefit plans and mark-to-market pension adjustments. Adjusted earnings were 66 cents a share in the latest period, up from 38 cents a share a year ago.
Revenue improved 3.4% to $31.07 billion.
Wall Street analysts on average expected earnings of 65 cents a share and revenue of $31.02 billion, according to Thomson Reuters.
Verizon and AT&T Inc., by far the two biggest wireless carriers, are facing renewed pressure from rivals T-Mobile US Inc. and Sprint Corp. The battle for customers could become even more heated if Sprint goes through with a potential bid for T-Mobile, creating a more viable third-place competitor in the wireless industry.
The larger players aren't sitting still. Verizon late last year reached a $130 billion agreement to buy Vodafone Group PLC's 45% stake in Verizon Wireless and AT&T has made several deals of its own, including the acquisition of prepaid carrier Leap Wireless International Inc. for $1.2 billion plus $2.8 billion in net debt.
Earlier Tuesday, Verizon agreed to buy from Intel Corp. the assets of Intel Media, a business division that develops Cloud TV products and services.
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