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."
Europe Doesn't Have Nearly Enough Immigrants
05:04 - On "Morning Must Read," Vonnie Quinn recaps the op-ed pieces and analyst notes that provide insight into today's headlines. Former White House Economic Advisor Alan Krueger also speaks on "Bloomberg Surveillance." (Source: Bloomberg)
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