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(AP) - Telecommunications equipment manufacturer Alcatel-Lucent launched a major effort on Wednesday to boost its fortunes by shedding businesses and jobs as part of a deep cost cutting programme.Shares rose nearly 5 per cent on the announcement, as investors hope that the plan brings the solid profits that have eluded the Paris-based company for years.Alcatel-Lucent, which supplies operators such...
Source : Straits Times | 2 Hour(s) AgoCategory : frontpage
Sengkang MRT station at 7pm on Wednesday, June 19, 2013. Commuters on a NEL train that broke down between Punggol and Woodleigh on Wednesday evening had to walk through train tunnels to Hougang station in order to exit. -- ST PHOTO: NURIA LINGCommuters on a North East Line (NEL) train that broke down between Punggol and Woodleigh on Wednesday evening had to walk through train tunnels to Hougang station...
Source : Straits Times | 2 Hour(s) AgoCategory : frontpage
World shares edge higher as investors await news on US Federal Reserve's next moveWorld shares edged higher while major currencies and commodities stayed within recent ranges on Wednesday, June 19, 2013, as investors nervously awaited a decision on the US Federal Reserve's next move. Fed Chairman Ben Bernanke's (above) comment last month that the US central bank could begin to curtail bond purchases...
Source : Straits Times | 2 Hour(s) AgoCategory : frontpage
BRUSSELS (Reuters) - European regulators are investigating whether a 400-million-euro (S$668.32 million) credit facility granted to Scandinavian airline SAS by Sweden, Denmark and Norway breached EU state aid rules.The loan was part of a rescue package last year for SAS, which is half owned by the governments of the three countries, to save it from bankruptcy. If the governments lose the case, SAS...
Source : Straits Times | 2 Hour(s) AgoCategory : frontpage
HDB flats in Toa Payoh shrouded in haze at 9.10pm on Wednesday, June 19, 2013. Singapore's air is now "hazardous" as the Pollutant Standards Index soared to 321 at 10pm, the worst reading in its history. -- ST PHOTO: NEO XIAOBINSINGAPORE'S air is now "hazardous" as the Pollutant Standards Index soared to 321 at 10pm, the worst reading in its history.Air becomes "hazardous" when the index passes 300....
Source : Straits Times | 2 Hour(s) AgoCategory : frontpage
Central Business District skyline is obscured by the haze over the Keppel container yard in Singapore on Wednesday, June 19, 2013 at 7.30pm. Singapore's air is now on the cusp of being "very unhealthy" as the Pollutant Standards Index soared to 190 at 8pm, the worst reading in 16 years. -- ST PHOTO: ALPHONSUS CHERNSINGAPORE'S air is now on the cusp of being "very unhealthy" as the Pollutant Standards...
Source : Straits Times | 2 Hour(s) AgoCategory : frontpage
cruise ship (right) berthed at the Harbourfront cruise terminal is obscured as it is blanketed by haze in Singapore on June 19, 2013. Singapore's air is now on the cusp of being "hazardous" as the Pollutant Standards Index soared to 290 at 9pm, the worst reading ever in the Republic. -- PHOTO: AFPSINGAPORE'S air is now on the cusp of being "hazardous" as the Pollutant Standards Index soared to 290...
Source : Straits Times | 2 Hour(s) AgoCategory : frontpage
ROME (Reuters) - Former Italy and AC Milan midfielder Gennaro Gattuso has been appointed Palermo manager with the task of steering the relegated team straight back to Serie A, the club said on Wednesday.The 35-year-old, who won a host of honours including two Champions Leagues and the 2006 World Cup as a player, has signed a one-year contract with an option for a two-year extension."Palermo has entrusted...
Source : Straits Times | 2 Hour(s) AgoCategory : frontpage
MOSUL, Iraq (AFP) - A suicide bomb attack in north Iraq on Wednesday killed the leader of a local political party and four relatives, officials said, on the eve of provincial elections his bloc was to participate in.Yunus al-Ramah, head of the United Iraq party, had been hosting a social gathering in his home in the town of Al-Hadhr, in Nineveh province, when the attack took place early Wednesday,...
Source : Straits Times | 2 Hour(s) AgoCategory : frontpage
FORTALEZA, Brazil (AFP) - More than 500 people blocked access to a stadium where Brazil was to play Mexico on Wednesday to demand government spend more on health and education and less on the World Cup."Brazil, we are going to wake up, a professor is worth more than Neymar," they shouted, referring to a popular star of the national team.Brazil is currently hosting the Confederations Cup as a warm-up...
Source : Straits Times | 2 Hour(s) AgoCategory : frontpage
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