USA NEWS

Credit Suisse said Thursday that it will cut roughly 5,300, or 11%, of its jobs after posting a loss of around 3 billion Swiss francs ($2.5 billion) for the first two months of the fourth quarter.


Adobe Systems Inc. issued preliminary results for its fiscal fourth quarter and a sales outlook for the first quarter that fell short of expectations late Wednesday, while announcing that it will cut roughly 600 jobs.

Shares of SanDisk Corp. soared more than 25% Wednesday on speculation that Toshiba Corp. was considering buying the chip maker.

Belden Inc.the St. Louis producer of signal-transmission solutions for automation, data networks and electronics applications, said it will cut 1,800, or 20%, of its jobs