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Partly Cloudy in Minneapolis Alcatel-Lucent plans to rework its balance sheet and significantly tighten its focus to a handful of core businesses, in an effort to return the telecommunications-equipment maker to profitability, the company said.
Ars Technica
Mashable
New York TimesAlcatel-Lucent plans to rework its balance sheet and significantly tighten its focus to a handful of core businesses, in an effort to return the telecommunications-equipment maker to profitability, the company said.
Brazil is to send a national security force to five major cities to help restore order after massive protests, the justice ministry says.
Brazil is to send a national security force to five major cities to help restore order after massive protests, the justice ministry says.
Mental health services in England could be banned from using face-down restraint and many are training their staff to resolve issues without physical intervention.
Mental health services in England could be banned from using face-down restraint and many are training their staff to resolve issues without physical intervention.
The Supreme Court rules relatives of soldiers killed in Iraq can sue the UK government for damages under Human Rights Act.
The Supreme Court rules relatives of soldiers killed in Iraq can sue the UK government for damages under Human Rights Act.
High levels of a toxic radioactive isotope, strontium-90, have been found in groundwater at Japan’s Fukushima nuclear plant, its operator says.
High levels of a toxic radioactive isotope, strontium-90, have been found in groundwater at Japan’s Fukushima nuclear plant, its operator says.
Gunmen enter a UN office in the Somali capital, Mogadishu, firing their weapons, following a loud explosion, witnesses say.
Gunmen enter a UN office in the Somali capital, Mogadishu, firing their weapons, following a loud explosion, witnesses say.
A factory in Larne, County Antrim, which makes medical devices is creating 416 new jobs
A factory in Larne, County Antrim, which makes medical devices is creating 416 new jobs
A second day of digging in a Detroit field yielded no sign of the remains of former Teamsters boss Jimmy Hoffa. Undeterred, authorities will resume their hunt Wednesday morning.
A second day of digging in a Detroit field yielded no sign of the remains of former Teamsters boss Jimmy Hoffa. Undeterred, authorities will resume their hunt Wednesday morning.
Departing Bank of England Gov. Mervyn King was defeated in a push for more stimulus for the U.K. economy in his final vote as a member of the rate-setting Monetary Policy Committee, minutes showed.
A petrol bomb was thrown over from the nationalist Short Strand area on Monday night into the loyalist Thistle Court area, police have said.
A petrol bomb was thrown over from the nationalist Short Strand area on Monday night into the loyalist Thistle Court area, police have said.
Much of England’s road network faces becoming “dangerously strewn with potholes or collapsing completely” if funding cuts are not reversed, councils have warned.
Much of England’s road network faces becoming “dangerously strewn with potholes or collapsing completely” if funding cuts are not reversed, councils have warned.
The FA Cup final will be played at the end of the domestic season for the first time since 2010 in the 2013-14 season.
The FA Cup final will be played at the end of the domestic season for the first time since 2010 in the 2013-14 season.
It is not just planes and helicopter on display at the Paris Air Show, as the BBC’s Theo Leggett found out when he tried on some of US defence firm Raytheon’s new kit.
It is not just planes and helicopter on display at the Paris Air Show, as the BBC’s Theo Leggett found out when he tried on some of US defence firm Raytheon’s new kit.
Last week, the WSJ’s ace Federal Reserve reporter Jon Hilsenrath wrote a piece on Fed strategy that got a lot of attention in markets. The gist was: Just because the Fed may signal a reduction in asset purchases doesn’t mean that an interest rate hike is getting closer. Specifically Hilsenrath wrote: Federal Reserve officials have been trying to convince investors for weeks not to overreact when the central bank starts pulling back on its $85 billion-per-month bond-buying program. An adjustment in the program won’t mean that it will end all at once, officials say, and even more importantly it won’t mean that the Fed is anywhere near raising short-term interest rates. But in a note put out yesterday, Morgan Stanley Chief Economist Vincent Reinhart argues there’s a flaw in this logic. …
Cyprus President Nicos Anastasiades urges eurozone leaders to help his country’s biggest bank and sharply criticises the bailout agreed in March.
Cyprus President Nicos Anastasiades urges eurozone leaders to help his country’s biggest bank and sharply criticises the bailout agreed in March.
Afghanistan suspends talks on a bilateral security agreement with the US, after Washington’s announcement of peace talks with the Taliban.
Afghanistan suspends talks on a bilateral security agreement with the US, after Washington’s announcement of peace talks with the Taliban.
This year’s Penguin Adult Prize for design invited students to come up with a new cover for Raymond Chandler’s 1939 classic The Big Sleep. From smoking guns to smoking ashtrays, click your way through the ones that made the shortlist
Celebrations begin for the 90th birthday of Israel’s President Shimon Peres, in the presence of celebrities and world leaders.
Celebrations begin for the 90th birthday of Israel’s President Shimon Peres, in the presence of celebrities and world leaders.
MPs will get a vote on whether the UK should arm Syrian rebel forces before it happens, Commons speaker John Bercow says.
MPs will get a vote on whether the UK should arm Syrian rebel forces before it happens, Commons speaker John Bercow says.
The growing pile of bearishness on China continues. Last night, Chinese stocks hit a new 6-month, as concerns rise about growth, debt, acute financial market stress, a property bubble, and everything else. Today, HSBC has significantly slashed Chinese growth. The bank’s chief economist Stephen King tweeted the news: HSBC cuts China growth forecasts to 7.4% in ’13 & ’14 (from 8.2% and 8.4%) as Beijing focuses on supply reforms instead of demand stimulus. June 19, 2013 Join the conversation about this story »
Football fixtures for the Premier League, Football League and Scottish leagues for the 2013-14 season are announced.
Football fixtures for the Premier League, Football League and Scottish leagues for the 2013-14 season are announced.
Dalian Wanda Group, a Chinese property developer, says it will spend £1bn ($1.6bn) to buy a British yacht maker and property in London.
Dalian Wanda Group, a Chinese property developer, says it will spend £1bn ($1.6bn) to buy a British yacht maker and property in London.
It’s been an interesting couple of months in world markets. In a sense, we’ve seen a level of volatility and confusion that we haven’t seen in awhile. This is especially apparent in any emerging markets (and of course Japan). And yet US equities have held up very well. And the rise in US interest rates is arguably a very bullish sign. …
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.
North Korea denounces a report that leader Kim Jong-un gave out copies of Adolf Hitler’s memoir Mein Kampf to officials on his birthday.
North Korea denounces a report that leader Kim Jong-un gave out copies of Adolf Hitler’s memoir Mein Kampf to officials on his birthday.
Newcastle United managing director Derek Llambias resigns, the day after Joe Kinnear returns as director of football.
Newcastle United managing director Derek Llambias resigns, the day after Joe Kinnear returns as director of football.
Swedish fashion retailer Hennes & Mauritz is expanding its online sales channels to include several new countries in 2014, as second-quarter net profit fell more than analysts had expected.
Swedish fashion retailer Hennes & Mauritz is expanding its online sales channels to include several new countries in 2014, as second-quarter net profit fell more than analysts had expected.
Scottish Premier League champions Celtic will kick off next season at home to Ross County on 3 August.
