Alcatel-Lucent shares tumble on outlook
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Shares in telecommunications equipment maker Alcatel-Lucent SA fell Thursday to their lowest level after the company slashed its forecast for full-year revenue growth in its third profit warning since the start of the year
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All part of the same cull Alcatel-Lucent said today that it plans to slash 400 jobs in France as part of its brutal cost-cutting strategy to axe 4,000 employees worldwide.â¦
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An unsatisfactory conference call and disappointing forecasts send the search engine's shares tumbling.
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Alcatel-Lucent stepped up job cuts to 12,500 after lurching into a fourth quarter loss and forecasting a first-quarter sales dip as tough trading and uncertainties from the merger take their toll.
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Telecommunications gear maker  Alcatel-Lucent  could cut more than 20 percent of its  world-wide staff, L'Expansion weekly said on Tuesday on its  Website, citing industry sources.
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Telecommunications gear maker Alcatel-Lucent  could cut more than 20 percent of its world-wide staff, L'Expansion weekly said on Tuesday on its Website, citing industry sources.
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Alcatel and Lucent Technologies Inc have stepped further down the aisle after their shareholders separately voted in favor of their proposed union whereby the French telecom gear maker would buy its US rival for about $10.9bn.
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Technology stocks led a fall in Asian  shares Tuesday as a gloomy outlook from LG.Philips LCD and  soaring oil prices fueled investor concerns about a slowdown in  corporate profits and global economic growth.
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By Victoria Shannon  A cloud of uncertainty among the world's phone companies left Alcatel-Lucent with a heavy net loss Friday in its first quarterly report as the world's largest telecommunications equipment maker, and the company moved to eliminate thousands more jobs.
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Investors are expected to dump technology shares today in the wake of a financial update last night from bellwether Intel Corp. that one analyst called &quot;a disaster.
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A timid near-term outlook sends shares tumbling, but it doesn't hurt the long-term view.
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Shares of long-distance phone  companies AT&T Corp. T.N and MCI Inc. MCIP.O have plunged  about 20 percent this year, but potential buyers seem to be  holding out for clearance sales.
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PARIS  --  Alcatel SA and Lucent Technologies Inc. overcame shareholder misgivings to win firm backing Thursday for their $10.7 billion tie-up to create a major global telecommunications equipment maker.
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Company's handset business is in trouble, as it reports heavy losses on slow sales, sending its stock down more than 22 percent in midday trading.
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Plus: Alcatel outlook weak...Cisco profit climbs...Time Warner lowers earnings target...Electronic Arts lowers outlook, shares fall.
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Unions at Alcatel-Lucent  called on Wednesday for a strike on February 15 to protest against a restructuring at the telecoms equipment provider, fearing more job cuts than announced.
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French-US telecom equipment maker Alcatel-Lucent issued its second profit-warning of the year Thursday, sparking a sharp fall in the group&#39;s share price despite management assurances the merger of the two groups would prove fruitful.