Alcatel-Lucent CEO to Step Down as Turnaround Fails

Feb. 7 (Bloomberg) -- Bloomberg's Manus Cranny reports that Alcatel-Lucent SA Chief Executive Officer Ben Verwaayen will step down after 4 1/2 years of efforts to turn around the phone-equipment maker failed to stem a slump in cash reserves and withstand global competition. He speaks on Bloomberg Television's "The Pulse."

M&A Challenged by Political Volatility, Uncertainty
52:29 - Kurt Simon, vice chairman of M&A at JPMorgan, discusses how the 2016 presidential election is impacting the M&A market. He speaks on "Bloomberg Markets." (Source: Bloomberg)
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