Miguel

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Alcatel-Lucent to slash 10,000 jobs to cut costs

<b>Telecoms equipment maker Alcatel-Lucent plans to cut 10,000 jobs in a bid to slash costs.</b><p>The cuts represent 14% of its 72,000 workforce and 900 of those job losses will be made in France.<p>The company has reported losses in the previous five quarters and hopes to save $1.4bn through costs cuts by …

Alcatel-Lucent

Five stupid things Dread Pirate Roberts did to get arrested

Everyone thought the shady figure behind the Silk Road website was a criminal mastermind. The reality tells a different story<p>Until an FBI raid on Wednesday, Ross Ulbricht allegedly ran the multimillion dollar drugs marketplace Silk Road from his base in San Francisco.<p>But despite his apparent …

FBI pranked by furious Bitcoin users

Hundreds of protest messages have flooded an FBI-controlled Bitcoin account since it seized $3m from Silk Road<p>The FBI has been deluged by more than 200 messages of protest from pro-drugs advocates after a raid on Silk Road, an online marketplace for illicit goods.<p>The agency is attempting to access …

Stocks: Battered Dow tumbles back below 15,000

In a clear sign that investors are getting increasingly worried about the budget impasse in Washington, stocks tumbled Thursday sending the Dow Jones industrial average back below 15,000 on the third day of the partial government shutdown.<p>Investors are nervous as the crisis in Washington drags on …

Vietnam getting a boost from its coffee

September 02, 2013 | 3:24 PM<p>Embed Code<iframe src="https://www.marketplace.org/2013/09/02/world/bbc-world-service/vietnam-getting-boost-its-coffee/popout" frameborder="0" width="100%" height="240px"></iframe><p>Copy<br>• Close<p>Embed Code<iframe …

Coffee

Debt and taxes: why a wave of big tech deals is on the horizon

As the economy recovers and interest rates rise, cash-rich companies are looking to spend<p>What does Microsoft's $7.2 billion purchase of Nokia have to do with Verizon's $130 billion repurchase of its own business from Vodafone? They reflect the end of a period of historically low interest rates in …

Tough to predict exact deadline on U.S. debt

August 27, 2013 | 9:54 AM<p>Embed Code<iframe src="https://www.marketplace.org/2013/08/27/economy/raising-debt-ceiling/tough-predict-exact-deadline-us-debt/popout" frameborder="0" width="100%" height="240px"></iframe><p>Copy<br>• Close<p>Embed Code<iframe …

Economics