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."
Bill Ackman on Herbalife: Lots of New Stuff
19:41 - Bill Ackman, Pershing Square Capital Management's chief executive officer, comments on Herbalife with Bloomberg's Stephanie Ruhle at the Bloomberg Markets Most Influential Summit on Tuesday. (Source: Bloomberg)
  • What's Behind Russia's Economic Decline?
  • Altria Urged SABMiller's Board to Engage With AB InBev
  • Obama Says Wages in U.S. Need to Rise More Quickly