Patricia Russo

(Newser) - Patricia Russo, the CEO who led the merger of Alcatel-Lucent, will step down by the end of the year after the troubled telecom giant released yet another grim quarterly report, posting a net loss of $1.73 billion. That figure was much larger than analysts had predicted, and almost double...

(Newser) - Alcatel-Lucent, the troubled Franco-American telecommunications company, announced yet more job cuts yesterday as the company posted its third consecutive quarterly loss. Alcatel had already planned to downsize by 12,500 employees, but another 4,000 will lose their jobs to reduce costs. 18 months after the French takeover of Lucent,...

(Newser) - Forbes names the 100 most powerful women in the world, putting Oprah one spot south of Ruth Bader Ginsburg—and placing Meredith Vieira ahead of Katie Couric and Diane Sawyer. The top 10:

1. German chancellor Angela Merkel
2. Chinese vice premier Wu Yi
3. Temasek Holdings chief executive Ho Ching
4. Condoleezza Rice

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