By Leila Abboud and Gwénaëlle Barzic PARIS (Reuters) – Telecom equipment maker Alcatel-Lucent , which is set to be bought by larger rival Nokia , improved profit margins in the first quarter despite a marked sales slowdown in its biggest market, the United States. Although it reported a net loss, higher software sales, a weak euro, and strong demand for its Internet routing products – which help telecom operators handle
By Georgina Prodhan MANNHEIM, Germany (Reuters) – German industrial group Siemens will cut a further 4,500 jobs as it battles to cope with subdued economic growth and weak demand from energy customers. Chief Executive Joe Kaeser did not say where the new cuts would be geographically. Siemens has to tread carefully cutting jobs in Germany, where trade unions are strong, and it has reduced previously announced job losses by a
By Karen Freifeld NEW YORK (Reuters) – ItBit Trust Company, LLC, a bitcoin exchange, has been granted a charter under New York State’s banking law, becoming the first virtual currency company to receive a charter in the state, according to New York’s Department of Financial Services. The exchange can begin operating immediately, but will be required to meet the obligations for both a trust company under New York law and
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Former Treasury Secretary Tim Geithner tells CNBC a financial crisis will happen again at some point, but reforms undertaken after 2008 can serve to mitigate the damage.
Netflix’s Grace and Frankie is probably not what you expected it to be. And that’s a great thing. On paper it sounds like the things fun TV comedy is made of: Jane Fonda and Lily…
Sam Smith’s vocal cord ailment has gotten worse and he is headed to surgery, which has prompted the cancellation of more concerts. The 22-year-old “Stay With Me”…
There is probably nothing more terrifying than finding a stranger in your house, nevertheless finding her in your bed. Chris Brown discovered a random naked woman in his bed Wednesday…
Tom Brady has responded to yesterday’s Wells Report via his agent today, calling the findings a “terrible disappointment.” On Wednesday, the NFL released a 243-page…
Prince Harry sure has a way with the ladies…particularly one Australian lady… Dressed in full camo military garb, the 30-year-old royal greeted hundreds of fans gathered at the…