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."
China Manufacturing PMI Contracts in August
39:47 - China releases its manufacturing PMI data for August. Bloomberg's Stephen Engle reports on "Trending Business." (Source: Bloomberg)
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