The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
The growth in net interest income, a main engine of the industry's profit, looks to slow to a halt in the back half of this year.Banksread more
Here's how Amazon sells ads, and why it has a natural edge over Google and Facebook in some areas.Technologyread more
Netflix reports earnings Wednesday as it loses licensed shows to rivals launching their own streaming services.Technologyread more
Federal Judge William Pauley wrote in a court filing made public Wednesday that materials related to Cohen's campaign-finance probe should be unsealed — and denied a request...Politicsread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
Facebook's head of Calibra David Marcus is grilled during a House Financial Services Committee hearing over the company's digital currency plans.Technologyread more
Gov. Phil Murphy of New Jersey announced a lawsuit against the IRS and Treasury Secretary Steven Mnuchin, responding to new, final rules from the IRS that would largely block...Personal Financeread more
Nokia shares fell up to 6 percent following the news, closing the day around 3.6 percent down. Shares of Alcatel-Lucent rocketed, ending the day more than 16 percent higher.
In a joint statement, the companies said a potential merger would take the form of a public exchange offer by Nokia for the French company.
Urging caution, the statement added: "There could be no certainty at this point that these discussions will result in any agreement or transaction."
It is unclear whether Nokia, which is a backbone of the Finnish economy, would acquire all of Alcatel-Lucent's assets, or just its wireless business.
Analysts at Credit Suisse and Citi concurred that purchasing Alcatel-Lucent's (ASU) wireless unit would be a wise strategic move for Nokia (NSN), because of the former's presence in the U.S.
"We believe Alcatel's and Nokia's wireless businesses are a great strategic fit since ALU is as strong in the U.S. as NSN is in Europe and Japan; both have strong positions in China," said Citi in a research note on Tuesday.
Credit Suisse rated stock the of both Nokia and Alcatel-Lucent as "outperform" on Monday, and said a fair value for the French company's wireless business would be 2-2.5 billion euros ($2.1-2.7 billion).
"We believe that such a potential deal would allow Nokia to significantly improve its presence in the U.S. with AT&T and Verizon (where Ericsson and Alcatel-Lucent are key suppliers), " the Swiss bank said in a research note.
Combining two major companies would provide an industrial powerhouse in Europe, but could potentially threaten jobs.
However, French Economy Minister Emmanuel Macron announced on Tuesday that the deal would involve no job cuts in France and that the combined group planned to base research and development operations in his country, according to Reuters.
This followed a meeting at the French Elysee between the chief executives of Nokia and Alcatel-Lucent and French President Francois Hollande on Tuesday.
"It's a good move for Alcatel-Lucent because it is a move for the future, because we are building, with this tie-up, a new conquest for Alcatel-Lucent, which was a company in great difficulty two years ago," Macron said, according to Reuters.