Alcatel-Lucent to Reduce 5,000 Jobs After Slump

Alcatel-Lucent SA, France’s largest phone equipment supplier, plans to cut 5,000 jobs after posting a loss, as Chief Executive Officer Ben Verwaayen is under pressure to accelerate his turnaround effort.
Tesla's Marketing Strategy Is Brilliant: Patterson
01:01 - May 1 -- MatlinPatterson Global Advisers' Mark Patterson discusses Tesla branching out into the battery business with Bloomberg's Alix Steel on "Street Smart."
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