Lucent sees first profitable year since 2000
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Lucent Technologies&#39; quarterly earnings rose sharply, helped by improvement in its wireless networks business and lower costs, the company said Wednesday.
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The company turned in a wider Q1 loss but is still on track for a profitable year.
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Lucent Technologies Inc. reported higher-than-expected fourth quarter sales on Wednesday, boosted in part by several large contracts, especially in its wireless segment, as well as increased demand for VOIP (voice over Internet Protocol), high-speed data and broadband access.
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Alcatel-Lucent  gave a weak  outlook for 2008 and scrapped its dividend after posting a net  loss of 3.5 billion euros ($5.12 billion) for its first year as  a merged entity.
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Lucent Technologies Inc. , among the world's largest makers of telecommunications equipment, on Wednesday said quarterly earnings rose, helped by improvement in its wireless networks business, which makes base stations and other products.
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Protracted negotiations between Lucent Technologies and its unions resulted in a contract agreement yesterday requiring 70,000 retirees and 3,250 active employees for the first time to pay a portion of their health premiums.
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Telecommunications equipment maker Lucent Technologies Inc., which shed 80 percent of its work force through spinoffs and layoffs amid multibillion-dollar losses, has recorded its first profitable year since 2000.
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For the first time in a decade, new investors will be able to put money into a mutual fund that helped fuel Fidelity Investmentsâ rapid growth.
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For the second time in a year, telecommunications equipment maker Lucent Technologies Inc. is reducing benefits promised to thousands of its retirees.
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Beth Israel Deaconess Medical Center this week plans to announce its first annual operating profit since the 1996 merger that brought one of the city's premier medical institutions to the brink of bankruptcy.
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Telecommunications equipment maker Lucent Technologies Inc., whose multibillion dollar losses forced it to shed 80 percent of its work force, has recorded its first profitable year since 2000.
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BANGALORE, INDIA - Lucent TechnologiesÂ announced Wednesday that it is setting up a research and development (R&D) operation in Bangalore, India.
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Lucent Technologies Inc. LU.N, among  the world's largest makers of telecommunications equipment, on  Wednesday said quarterly earnings rose, helped by improvement  in its wireless networks business, which makes base stations  and other products.
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The Oppenheimer Real Asset Fund, the first U.S. mutual fund designed to track commodity markets, has risen almost twice as much as the average stock fund this year as oil prices set records.
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The company reported net income of $509 million in its first fiscal quarter, compared with $440 million in income for the same quarter a year ago.
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T-Online, Europe's leading Internet services provider, said it planned to pay a dividend for the first time after it swung to its first-ever year-end profit last year.
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The company reported strong second-quarter results and said its profits for all of 2007 would beat analystsâ expectations.