Growing pains at the world's largest maker of telecommunications equipment: Alcatel-Lucent announced today that it will lay off even more workers than anticipated. And don't look for a quick turnaround.
U.K. investors applauded news that a British company will buy Laidlaw, America's biggest private operator of school buses. But it already owns the No. 2 carrier so there could be regulatory roadblocks ahead.
Rival Palestinian factions have signed a deal to form a national unity government after marathon talks aimed at ending deadly infighting — and the international boycott that's crippled its economy.
Amazon, TiVo and Wal-Mart are among the companies jockeying for the lead in the movie download business, but Daily Variety's Mike Speier says it's going to be a long time before they're making money at it.