Alcatel Lucent Hits 23-Year Low on Uncertain Future: Paris Mover
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Alcatel-Lucent SA, France’s biggest phone-equipment supplier, reached a new 23-year low in Paris trading on concern about Chief Executive Officer Ben Verwaayen’s turnaround plan.
The stock fell for a fourth consecutive session, dropping as much as 8.2 percent to 71.5 euro cents and was down 5.4 percent as of 4:56 p.m. in the French capital. The shares are headed for their lowest closing price since at least October,