Michael Combes is the third CEO to try right Alcatel after leaving his post in Vodafone's European businesses.
Industry
Loeb’s Proposal for Partial Sony Spin off Looms over Shareholder Meeting
Daniel Loeb, head of Third Point LLC proposed a partial spin off to Sony’s business unit to boost the struggling electronics division.
Stratasys to Acquire MakerBot for $403 Million
Stratasyst Ltd. will acquire consumer printer manufacturer, MakerBot in a deal valued around US$403 million.
Belgian regulator fines former Fortis officers for gaffe
The Belgian regulatory authorities have imposed fines on former CEOs and insurer of Fortis because of delayed information or incorrect information dissemination.
Hedge Fund Managers Fear Continued Doldrums
Many hedge fund managers fear extension of Eurozone debt crisis as well as local bank issues hovering over the financial markets.
Latest News
CEO for Smithfield Foods Inc., Larry Pope can get a hefty US$46.6 million payment from merger-related transactions.
Alcatel-Lucent plans to sell its assets for Eur1 billion to stem losses and focus on the businesses including ultra-high speed internet.
Dalian Wanda Group invested US$1.6 million in yacht manufacturer Sunseeker International Ltd. and a London property that included a five-star hotel.
Farallon Capital Management LLC acquired 9.91% stake from Nathan Tinkler making the fund the largest shareholder at Whitehaven Coal Ltd.
Google Inc. is looking actively for acquisitions from private equity alliances to help it structure its deals.
Japan's Astellas Pharma looks to sell its dermatology portfolio valued between US$500 million to US$1 billion.
Huawei Technologies Co said it had no plans to acquire Nokia as stated by the company's Vice President for external affairs.
Dish Network abandons its bid for Sprint Nextel before the Tuesday deadline stating that adding a new offer is impractical.
Carl Icahn promised Dell shareholders to buyback US$16 billion of its stock if they will join his campaign against privatization of the computer maker.
