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Alcatel Lucent SA

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  • 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...

  • *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,...

  • *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...

  • *Networks Q1 op. profit 85 mln euros vs 226 mln euros in poll. HELSINKI, April 30- Finland's Nokia, which is set to buy French rival Alcatel-Lucent, reported quarterly profits well below market forecasts at its main telecom network equipment business, sending its shares tumbling as much as 12 percent. "The networks business has performed well in the past two years, so...

  • Nokia shares plunge 10% on profit slump Thursday, 30 Apr 2015 | 3:25 AM ET

    Nokia saw profits in its core networks business drop 61 percent in the first quarter sending shares lower by as much as 10 percent.

  • Nokia earnings miss weighs on European shares Thursday, 30 Apr 2015 | 3:11 AM ET

    LONDON, April 30- European equity indexes were mostly flat to lower early on Thursday, weighed down by a selloff in tech stocks after disappointing numbers from Nokia. Shares in the Finnish firm fell 7.6 percent after it posted quarterly profits clearly below market forecasts at its main telecom network equipment business, citing lower software sales, higher...

  • Investors were disappointed and Nokia's stock fell nearly 11 percent to close at 6.04 euros on the Helsinki Stock Exchange. Analyst Hannu Rauhala from Pohjola Bank described Nokia's networks profit as "a clear disappointment. Despite the drop in networks profit, the Finnish company's overall revenue surged 20 percent in the period, to 3.2 billion euros from...

  • China rivals vie for state backing to buy HP unit Wednesday, 29 Apr 2015 | 6:00 PM ET

    BEIJING, April 30- The bidding for a controlling stake in Hewlett-Packard Co's data-networking business in China, worth more than $2 billion, has thrown up a rare tussle between two Chinese state-backed firms who are wrangling over which has Beijing's backing. On Feb. 15, China's National Development and Reform Commission approved Shanghai- based Huaxin to bid...

  • PARIS, April 24- Foreigners are set to take over several French blue chip firms this year and will largely do what they want with their prizes- showing the limits of new laws passed in the name of "economic patriotism." Economy Minister Emmanuel Macron spoke last month of "the determination and the ability of the state to use all weapons available to investors" to help...

  • STOCKHOLM, April 23- Mobile telecoms equipment maker Ericsson posted a surprise fall in profits on Thursday and warned of continued weak profitability as spending by U.S. network operators remains sluggish, forcing it to rely on China, where margins are lower. Profitability was particularly weak in its mainstay networks unit as sales in North America fell...

  • HELSINKI— Sluggish broadband demand in North America is hurting Ericsson, the world's largest networks maker, which reported Thursday a 14 percent drop in first-quarter net profit to 1.5 billion kronor despite a rise in global sales. Ericsson stock plunged 8 percent to 101.60 kronor in morning trading in Stockholm. CEO Hans Vestberg said the company would...

  • FRANKFURT, April 22- Nokia's maps business has drawn interest from potential buyers including Facebook and a consortium of German carmakers made up of BMW, Audi and Daimler, a German magazine reported on Wednesday. Nokia is also trying to drum up interest from Apple Inc, Alibaba Group Holding Ltd and Amazon.com Inc, Bloomberg reported, citing people familiar...

  • SHENZHEN, China, April 22- China can only ensure its information security in the long run if it keeps its market open to the best technology products, be they foreign or domestic, Huawei's rotating chief executive Eric Xu told Reuters on Tuesday. Xu's remarks are a rare example of a top Chinese CEO openly questioning the direction of Beijing's information...

  • FRANKFURT, April 22- Nokia's maps business has drawn interest from at least four potential buyers including Facebook and a consortium of German carmakers BMW, Audi and Daimler, a German magazine reported on Wednesday. Hellman& Friedman, BMW, Audi and Daimler were not immediately available for comment. Finland's Nokia said last week it had started a strategic...

  • FRANKFURT, April 22- Nokia's maps business has drawn interest from at least four potential acquirors, including Facebook and a consortium of German carmakers BMW, Audi and Daimler, a German magazine reported on Wednesday. Uber, Hellman& Friedman, BMW, Audi and Daimler were not immediately available for comment. Finland's Nokia said last week it had started a...

  • Huawei CEO: China cybersecurity rules could backfire Tuesday, 21 Apr 2015 | 7:46 PM ET

    China can only ensure its information security in the long run if it keeps its market open to the best technology products, foreign or domestic.

  • PARIS/ HELSINKI/ STOCKHOLM, April 21- Nokia's acquisition of smaller rival Alcatel-Lucent may avoid the pitfalls that befell earlier telecom network equipment marriages, thanks to a revolution over the past decade in how products are launched and developed. Nokia has promised 900 million euros of cost savings by 2019 from the Alcatel-Lucent acquisition,...