Despite higher revenues, the country's third largest wireless carrier (behind Verizon and AT&T) suffered a $4.33 billion net loss in fiscal 2012. Much of the loss was attributed to its shutdown of the Nextel network, coupled with a $45 million loss due to damages from Hurricane Sandy in the New York metro area. While the company added a total of $1.5 million postpaid subscribers in the year, it lost little over a million customers in the Nextel shutdown, after failing to convince them to switch over to its own network.
Wal-Mart retook the top spot, Berkshire Hathaway made the top five, and Apple grew enormously.
| Toyota unveils bigger, curvier Corolla | ||
| China and Europe risk trade war | ||
| Japanese stocks fall into bear market | ||
| Farewell 3% mortgage rates | ||
| Stocks stage big comeback |
.
