By Paul Gordon & Chiara Remondini; Bloomberg.com ~ Nov 17, 2008
Alcatel-Lucent SA, the world’s largest supplier of fixed-line telephone networks, is targeting growth in China and India to help restore profitability, said Chief Executive Officer Ben Verwaayen...
Alcatel-Lucent Calls for Overhaul
By Cassimir Medford; Red Herring ~ Nov 13, 2008
It was not the “Change has come to America” speech the telecom community was waiting for, but Alcatel-Lucent and new CEO Ben Verwaayen on Thursday gave the troubled firm’s first clear signal of a new strategic direction...
For Many Seniors, an Ominous Retirement-Account Deadline
By Nancy Trejos; The Washington Post ~Nov 16, 2008
Reps. George Miller, chairman of the House Education and Labor Committee, and Rob Andrews, chairman of the subcommittee on health, employment, labor and pensions, have asked Treasury Secretary Henry M. Paulson Jr. to suspend the requirement that retirees older than 70 1/2 take money out of their 401(k) and IRA by Dec. 31 of each year.
Avaya Wins Appeal in Stock Drop Case
By Fred Schneyer; Planadviser,com ~ Nov 14, 2008
The 3rd U.S. Circuit Court of Appeals asserted that the U.S. District Court for the District of New Jersey was correct when it declared in April 2007 that plaintiff Byron Ward had failed to prove fiduciaries of Avaya Inc.'s defined contribution plans breached their fiduciary duties...
Alcatel-Lucent looks for partners to expand services business
Rethink-wireless.com ~ Nov 13, 2008
The markets are still waiting for the promised new strategy roadmap from Alcatel-Lucent’s incoming CEO, former BT chief Ben Verwaayen...
Details of Lucent plan raise some concerns
By Erin O. Stattel; The Independent ~ Nov 13, 2008
The proposed plan for the redevelopment of the Bell Labs site on Crawfords Corner Road didn't go over well with township officials...
Alcatel-Lucent Announces a New Leadership Team
Alcatel-Lucent Press Release - Nov. 13, 2008
Alcatel-Lucent today announced a new leadership team effective January 1st, 2009. The new team formed of a nice blend of leaders coming from outside the company, new talents from inside the company and existing senior leaders, will support a new business model focused on customers and technology excellence...
Retirees Cope With Dwindling Portfolios
By Clifford Krauss; The New York Times ~ Nov 13, 2008
In the homes of retirees across the country, these are days of fear and uncertainty. In theory, retired people are not supposed to invest much in the stock market; in reality, many millions of them do. With the economy in free fall and stocks down about 40 percent this year, legions of middle- and upper-middle-class people are suddenly worried about having enough to carry them through.
UAW president urges action to aid auto industry
By James Parks; Workday Minnesota ~ Nov 12, 2008
United Auto Workers President Ron Gettelfinger is calling for quick government action to help the auto industry, its workers and retirees...
Rightsizing your retirement
By Kathleen Connell; The Christian Science Monitor ~ Nov 10, 2008
As the stock market sags, retirement savers must revisit their long-term options...
Trouble Returns to the Land of Telecom
By Om Malik; BusinessWeek ~ Nov 10, 2008
The outlook for bellwether Cisco shows just how negatively affected the industry at large will be by the economic downturn's vise-like grip...
Nortel Culls 1,300 Jobs, Loses $3.4B
By Ray Le Maistre; Light Reading ~ Nov 10, 2008
Nortel Networks Ltd. announced a significant restructuring plan Monday, including a headcount reduction of 1,300 jobs, in an effort to better address its target markets and find a profitable footing...
Retirement savings cut back
The Washington Post ~ Nov 10, 2008
The worsening U.S. economy is leading more Americans to curtail saving for retirement. The economy was cited by 50 percent of those who said they had stopped or reduced contributions to their retirement plans...
Tax Rule Slams Hard-Hit IRAs, 401(k)s
By Tom Lauricella; The Wall Street Journal ~ Nov 09, 2008
In the past month, Congress and the Bush administration have worked feverishly to help Wall Street. Now millions of older adults are seeking last-minute help with a problem that directly affects Main Street: required withdrawals from retirement accounts...
Verwaayen is back to clear up the mess at struggling BT
By Simon Duke; Daily Mail ~ Nov 08, 2008
Troubled telecoms giant BT has handed a lucrative contract to a company run by its former chief executive. Four months after quitting BT, Ben Verwaayen's firm won an order understood to be worth 'several hundred million pounds' from his old employers...
INTERVIEW: Alcatel Services Unit Head Sees Strong Market In 2009
By Jethro Mullen, DJN; Easybourse ~ Nov 07, 2008
The market for telecommunications equipment services is likely to remain strong in 2009, despite the impending economic slowdown, the head of Alcatel-Lucent's services division told Dow Jones Newswires Friday...
Alcatel-Lucent Hires Another New Executive
Adolfo Hernandez, most recently senior vice president at the Global Services Practice of Sun Microsystems Inc., will join Alcatel-Lucent on Dec. 1, taking control of the sales and operations functions in the company's newly created Europe, Middle East and Africa (EMEA) unit. Hernandez will report directly to Verwaayen.
AT&T to try limits on monthly Internet traffic
By Peter Svensson, AP; Reading Eagle ~ Nov 04, 2008
AT&T Inc., the country's largest Internet service provider, is testing the idea of limiting the amount of data that subscribers can use each month. AT&T will initially apply the limits in Reno, Nev., and see about extending the practice elsewhere...
Ben Verwaayen bans jets as recession hits corporate fleets
By Dominic White, Telegraph.CO.UK - Nov. 1, 2008
Alcatel-Lucent is cutting costs to cope with tough market conditions - with corporate jets top of the list of luxuries to go.
Suggestions
and comments about this website should be addressed to
webmaster@lucentretirees.com
Last modified:
November 18, 2008
JavaScript DHTML Drop Down Menu By Milonic
