Alcatel-Lucent reported a net loss but higher software sales, a weak euro and strong demand for its internet routing products  helped it post a better quarter than Nokia and  Ericsson. Photograph: Jasper Juinen/Bloomberg

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(...)

Alcatel-Lucent Chief Executive  Michel Combes at a news conference in Paris today to present the company’s Q4 and 2014 annual results. Photograph: Philippe Wojazer/Reuters

Telecom equipment maker Alcatel-Lucent pledged to lift profitability again this year through cost cuts after six straight quarters of gross margin imp(...)

Janet Yellen: US stocks fluctuated, after the benchmark index’s biggest two-day decline since June, as a report that  Ms Yellen was picked to lead the Federal Reserve offset concern that the debt impasse will harm the economy. Photograph: Reuters/Gary Cameron

Deadlock in Washington was the main topic on the floors of stock markets yesterday, prompting investors to mark time and wait to see what happens.The (...)

An employee of Alcatel-Lucent sits in front of a banner which reads “no layoffs” during a demonstration at the company site in Orvault near Nantes,  France, yesterday. Photograph:  Reuters/Stephane Mahe

Telecom equipment maker Alcatel-Lucent announced plans yesterday to cut 10,000 jobs worldwide in what its chief executive called a last chance to tu(...)

Multicoloured Alcatel One touch smartphones sit on display in the Alcatel-Lucent pavilion at the Mobile World Congress in Barcelona, Spain, earlier this year. Photograph: Simon Dawson/Bloomberg

Alcatel-Lucent will sell €1 billion of assets and slash costs by another €1 billion in a bid by chief Michel Combes to turn the company around – somet(...)