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Alcatel Lucent SA

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  • FRANKFURT, May 21- Germany's premium carmakers Mercedes, Audi and BMW have teamed up with private equity firm General Atlantic to increase their firepower to acquire Nokia's mapping unit HERE, according to two people familiar with the matter. Finland's Nokia started a strategic review of its maps business last month, setting in motion an auction process that...

  • BEIJING, May 19- Hewlett-Packard Co has agreed to sell a controlling 51 percent stake in its China-based data-networking business, estimated to be worth more than $2 billion, to Tsinghua Unigroup, a spokesperson for the Chinese private equity fund's parent company said on Tuesday. Li Zhongxiang, a spokesman for state-backed Tsinghua Holdings, which controls...

  • BEIJING— The most successful of China's entrepreneurs have created some of the world's biggest companies and amassed stunning fortunes. One of China's best-known entrepreneurs, this former English teacher from the eastern city of Hangzhou is credited with laying the foundation for e-commerce in China by founding Alibaba in 1999 to link Chinese suppliers...

  • FRANKFURT, May 8- German car companies may need help to compete with a wealthy field of bidders for Nokia's high-tech mapping unit HERE, as the entry of technology company Uber into the fray signals interest from deep-pocketed Silicon Valley players, bankers and executives close to the deal said. German auto makers Daimler, owner of Mercedes-Benz, BMW and...

  • May 8- Taxi service Uber has submitted a $3 billion bid for Nokia Oyj's map business HERE, the New York Times reported citing people with knowledge of the offer. Uber is competing against a consortium of automakers, including BMW, Audi and Mercedes-Benz, the newspaper said, citing people with knowledge of the offer. The book value of the unit is about 2 billion euros,...

  • Uber bids for Nokia's mapping service - NYT Thursday, 7 May 2015 | 6:19 PM ET

    May 7- Ride-hailing service Uber has submitted a bid for Nokia Oyj's map business, HERE, for as much as $3 billion, the New York Times reported, citing people with knowledge of the offer. Finland's Nokia said last month it had started a strategic review for HERE, a competitor to Google Maps, after announcing a takeover of network equipment rival Alcatel-Lucent.

  • BRUSSELS, May 7- China's Huawei Technologies is undeterred by the merger of telecoms equipment rivals Nokia and Alcatel-Lucent and will keep growing in Europe, its rotating Chief Executive Guo Ping told Reuters on Thursday. The merged European entity will become the global No.2 in wireless behind Sweden's Ericsson. Finland's Nokia announced its...

  • *Alcatel holds up better than rivals despite U.S. slowdown. PARIS, May 7- Telecom equipment maker Alcatel-Lucent, which is set to be bought by larger rival Nokia, improved profit margins in the first quarter despite a marked sales slowdown in its biggest market, the United States. Alcatel-Lucent Chief Executive Michel Combes dismissed the idea on Thursday, saying...

  • UPDATE 1-Alcatel-Lucent resilient, defends Nokia deal Thursday, 7 May 2015 | 2:30 AM ET

    *Alcatel holds up better than rivals despite U.S. slowdown. PARIS, May 7- Telecom equipment maker Alcatel-Lucent, which is set to be bought by larger rival Nokia, improved profit margins in the first quarter despite a marked slowdown in its biggest market, the United States. Higher software sales and strong demand for its Internet routing products, which help...

  • Rising rates could contain stocks Wednesday, 6 May 2015 | 7:27 PM ET
    Traders work on the floor of the New York Stock Exchange.

    The rise in interest rates can affect stocks as traders wait for the job reports coming out on Friday.

  • Nokia could decide to keep navigation unit - chairman Tuesday, 5 May 2015 | 10:39 AM ET

    The Finnish company last month confirmed it was considering a possible divestment of the business after announcing an all-share take-over of network gear rival Alcatel-Lucent. "This is the right time for the review, not only because of the Alcatel-Lucent deal but also because navigation markets have changed in the last years," he said in a speech at the...

  • What matters to markets this week Monday, 4 May 2015 | 6:00 AM ET
    Traders work on the floor of the New York Stock Exchange (NYSE)

    Influences from abroad may first drive stocks, bonds and the dollar.

  • Jobs report is big but watch out for Europe Friday, 1 May 2015 | 7:21 PM ET
    Traders work on the floor of the New York Stock Exchange (NYSE)

    Influences from abroad may first drive stocks, bonds and the dollar.

  • *France wants Renault to stay in control of alliance. PARIS, April 30- The French government's move to tighten its hold on Renault, crowned by a rare public defeat for CEO Carlos Ghosn on Thursday, has exposed competing visions for the carmaker and its alliance with Nissan. Ghosn must now decide whether to fight or negotiate for closer Renault-Nissan integration,...

  • *France wants Renault to stay in control of alliance. PARIS, April 30- The French government's move to tighten its hold on Renault, crowned by a rare public defeat for CEO Carlos Ghosn on Thursday, has exposed competing visions for the carmaker and its alliance with Nissan. Ghosn must now decide whether to fight or negotiate for closer Renault-Nissan integration,...

  • Early movers: VIA, CI, TWC, AAPL, GNRC & more Thursday, 30 Apr 2015 | 7:57 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Unboxed: New gadgets from LG and Alcatel Thursday, 30 Apr 2015 | 7:07 AM ET
    Microsoft's Windows Lumia 640 XL smartphone. Microsoft will allow Google's Android apps on its smartphone later this year.

    Unboxing the LG G Flex 2 and Alcatel Onetouch Idol 3.

  • *Analysts see fresh risks to Alcatel-Lucent takeover. HELSINKI/ PARIS, April 30- Finland's Nokia reported quarterly profits well below market forecasts at its telecom network equipment business, sending its stock tumbling 9 percent and raising concerns over its planned takeover of smaller rival Alcatel-Lucent. With Nokia shares now trading about 20...

  • Shares in Finnish firm Nokia fell 8.2 percent after it posted quarterly profits well below forecast at its main telecom network equipment business, citing lower software sales, higher costs and challenging conditions in Europe and Latin America. "It came as a surprise to many because Nokia's business mix was supposed to be a bit better than this," Evli Bank...

  • Shares in the Finnish firm fell 8.6 percent after it posted quarterly profits well below forecasts at its main telecom network equipment business, citing lower software sales, higher costs and challenging conditions in Europe and Latin America. Sector peer Alcatel Lucent dropped 8 percent while Ericsson was down 1.2 percent and the broader STOXX Europe 600...