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Alcatel Lucent SA

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  • 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...

  • 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...

  • 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,...

  • SHENZHEN, China, April 21- 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...

  • Tech, media and telecoms M&A hits 9-year high Friday, 17 Apr 2015 | 5:21 AM ET

    LONDON, April 17- Worldwide dealmaking in the technology, media and telecoms sectors is at its highest level year-to-date since 2006, buoyed by Nokia's 15.6 billon euro bid for Alcatel-Lucent this week, Thomson Reuters data shows. So far this year, deals worth $245.8 billion have been struck globally in TMT, accounting for a combined 23 percent of worldwide M&A...

  • HELSINKI, April 17- Finland's Nokia on Friday defended its commitment to protect jobs in France following its planned takeover of Alcatel-Lucent, and suggested future job cuts could focus on countries other than the two home bases. "When you do deals with France involved, you want to make sure that the government endorses your deal, understands the strategic...

  • Europe closes lower on earnings; Greek crisis worsens Thursday, 16 Apr 2015 | 11:31 AM ET
    A man walks inside the Athens stock exchange February 3, 2015.

    European equities closed lower on Thursday after mixed first-quarter earnings reports and as Greece's economic outlook deteriorated further.

  • Cramer: Google must play ball with Europe Wednesday, 15 Apr 2015 | 6:37 PM ET
    European Competition Commissioner Margrethe Vestager speaks during a news conference at the EU Commission headquarters in Brussels, April 15, 2015.

    Jim Cramer is worried that Google just doesn't take the antitrust charges filed by the EU seriously enough, and proposes a solution.

  • GLOBAL MARKETS-Wall St up on earnings, oil surges Wednesday, 15 Apr 2015 | 2:54 PM ET

    *Banks, Intel boost Wall Street. NEW YORK, April 15- U.S. stocks rallied following several strong earnings reports on Wednesday, while European shares hit a 14- year high after the European Central Bank affirmed its loose policy stance. Better-than-expected results from banks JPMorgan Chase and Wells Fargo and earnings from Intel that were broadly in line with...

  • STOCKHOLM, April 15- Sweden's Ericsson, the world's biggest maker of mobile telecoms equipment, will probably have to expand its range of fixed line products to defend its turf following Nokia's purchase of Alcatel-Lucent. "Global operators have all made the shift to converge fixed and mobile, and now equipment makers will have to follow suit," Alcatel-Lucent...