Alcatel-Lucent is still on track despite stock shortages

Alcatel-Lucent confirms its annual targets despite the impact, for the second straight quarter, problems associated with shortages of components in the industry.
The telecoms equipment has limited the impact of these shortages on its quarterly results and has released figures broadly in line with expectations, but in return it has consumed more cash to [...]

Puma renounces its goal of pretax profit

Puma has waived its annual forecast of taxable income due to the potential cost of litigation in Spain, after posting interim results below expectations.
During a conference call, Jochen Zeitz's chief executive, said that "it would not be prudent" to maintain its pre-tax profit target given the potential costs associated with the lawsuit brought [...]

Philips raises its margin target for 2010

Philips has raised its margin target for 2010 after better than expected results for the second quarter driven by strong sales in emerging markets.
The Dutch consumer electronics was confident of being able to exceed its margin target of 10% EBITA before exceptional items this year as he previously thought just to reach this [...]

The ECB validates the Greek project funds to support banks

The European Central Bank (ECB) on Monday approved the project in Greece to create a fund of ten billion euros to support banks.
Athens has put in place by the end of a new Financial Stability Fund (FSF) to help its banks that are suffering from increasing bad debts, degradation of the country's sovereign [...]

Technip will pay $ 338 million for litigation in the USA

Technip will pay 338 million dollars (275 million euros) to settle litigation with the U.S. authorities on suspicion of having bribed Nigerian officials to win contracts in Nigeria, announced the Department of Justice.
Technip pay $ 240 million in criminal restitution and $ 98 million to settle lawsuits brought by the Securities and Exchange [...]