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New CEO begins Alcatel makeover
Wednesday, June 19, 2013
By Leila Abboud PARIS (Reuters) - Telecom equipment maker Alcatel-Lucent plans to focus on networking products and high-speed broadband and will slim down with a billion euros in cost cuts by 2015 in a bid to reverse years of losses. The plan unveiled on Wednesday by Michel Combes, the company'.. .. read more..
Softbank closer to acquiring Sprint after Dish abandons bid for now
Wednesday, June 19, 2013
By Sophie Knight and Sinead Carew TOKYO/NEW YORK (Reuters) - Japan's SoftBank Corp cleared a major hurdle in its attempt to buy U.S. wireless provider Sprint Nextel Corp, as rival bidder Dish Network Corp declined to make a new offer after SoftBank sweetened its own bid last week. SoftBank Chi.. .. read more..
Award-winning journalist Michael Hastings dies
Wednesday, June 19, 2013
LOS ANGELES (AP) — Michael Hastings, the war correspondent whose unflinching reporting from Afghanistan led to the resignation of a top U.S. army general, has died in a car accident in Los Angeles, according to his employer and family. .. read more..
Rhode Island on track to make payment on 38 Studios bonds
Wednesday, June 19, 2013
(Reuters) - Rhode Island remains on track to make a $2.5 million interest payment next year on bonds that were used to finance the facilities of 38 Studios, a now-bankrupt videogame company founded by former Boston Red Sox pitcher Curt Schilling. The state's House Finance Committee approved a .. .. read more..
Acer sees tablet, notebook PC shipments to be flat in second quarter
Wednesday, June 19, 2013
TAIPEI (Reuters) - Acer Inc, the world's No.4 PC vendor, said on Wednesday that it expects notebook and tablet PC shipment to be flat in the second quarter from the first quarter, versus an prediction of 0-5 percent growth made in April. Acer Chairman J.T. Wang made the comment to reporters at.. .. read more..