CEO and Chairman Out at Alcatel-Lucent

If you have trouble reading this e-mail, go to http://www.businessweek.com/globalbiz/newsletter/europe/index.html

SEARCH SITE Advanced Search

July 30, 2008
Europe Insider Keep up-to-date with the latest news from Europe

NEWS  THIS WEEK'S TOP STORIES FROM EUROPE CEO and Chairman Out at Alcatel-Lucent Was the transatlantic merger even worth it? With Patricia Russo and Serge Tchuruk both stepping down, the company will have to convince investors

Inside: This Week In Europe There had been rumors and warning signs, but when the end finally came for the architects of the ill-starred Alcatel-Lucent merger, it was swift and brutal. CEO Pat Russo and chairman Serge Tchuruk, the former CEO of Alcatel, both resigned July 29. Will new leaders be able to turn the company around in a tough economic climate? Carol Matlack digs in. We've also got the truce between Nokia and Qualcomm, French nuclear worries, a scrappier Louvre, and Israel's turn to outsourcing. Plus airline mergers, auto earnings, the Roche deal, the latest TNK-BP twist, and a variety of other tech, policy, and innovation stories. Don't miss this year's Best Global Design and Robert Parker on Bordeaux whites. Andy Reinhardt, Europe Editor E-MAIL A FRIEND  |  GET RSS  |  SIGN UP FOR OTHER BW NEWSLETTERS

MORE EUROPEAN NEWS TECHNOLOGY Why Qualcomm Folded to Nokia Qualcomm struck a patent deal with Nokia when it seemed a Delaware court wouldn't go its way. So ends mobile's biggest, costliest battle EUROPE Will French Leaks Harm Nuclear's Revival? A spate of problems at French nuclear facilities stir long-simmering fears and cast a pall over global nuclear giant Areva STRATEGIES Welcome to The Louvre Inc. The museum's director is busy raising millions. But his methods are raising hackles in French art circles EUROPE Israel Turns to Outsourcing as the Shekel Soars As Israel's high-tech industry loses its cost advantage, jobs are moving to Romania and India, and local wages are being frozen EUROPE INSIGHT BA and Iberia Plan to Merge It's a marriage long expected within European aviation circles but never consummated. Now it seems British Airways and Spain's Iberia are finally ready to take the plunge EUROPE INSIGHT Rising Fuel Costs Hit Ryanair's Profits First quarter earnings fell 85% for Europe's largest discount carrier on surging fuel costs, and yearly losses could near $100 million EUROPE • From Spiegel Online Airbus Delivers First A380 to Emirates The superjumbo, picked up at Hamburg by the Emirates CEO personally, will be the first of 60 such planes ordered by the booming airline BOARDROOM STRUGGLES Dudley Flees Russia in TNK-BP Shareholder Fight The chief of BP's Russian affiliate, sounding exhausted, hopes to keep operating the joint venture from abroad EUROPE Volkswagen Earnings Defy Industry Gloom Despite auto industry pessimism, European small-car makers have reported solid earnings. But VW's future may depend on the resilience of emerging markets AUTOMAKERS Daimler Shares Fall on Profit Warning Sales of Mercedes cars are up in the U.S., but investors are alarmed by Daimler's weak showing in Spain, Italy, and Britain COVER STORY For Europeans, It's No Car, No Problem Energy efficiency is giving the Continent an economic advantage NEWS Roche's Big Hurdle with Genentech Like others that have snapped up biotechs, its challenge will be to hang on to the brainpower EUROPE • From The Independent Britain's Tesco Piles into Banking The supermarket chain will expand its personal finance arm into a full-service retail bank operating through its stores and online TECHNOLOGY • From silicon.com Faster Coffee with Wireless Cards Thirsty customers at Coffee Republic outlets can pay for goods up to 10 simply by touching their Barclaycards to a reader INNOVATION How SAP Seeds Innovation SAP's collaborative Web sites and discussion forums give its customers ways to learn from SAP business partners as well as from each other INTERACTIVE CASE STUDY Bringing Lloyd's of London into the 21st Century Until recently, Lloyd's of London was still processing claims the way it had for 320 years--on paper, paper, and more paper EUROPE • From The Independent Britain Eyes Download Tax Broadband users could pay an annual levy to download as much music as they want, with proceeds channeled to copyright holders EUROPE • From EUobserver Italy to Jail Illegal Migrants A new law makes undocumented migration a crime, punishable by up to four years in jail AUTOS Lotus: A Different Kind of High Mileage Lotus' new "green" Eco Elise features hemp-based bodywork and other renewable materials DESIGN The Best Global Design of 2008 Europeans, Asians, and Latin Americans took more International Design Excellence Awards than ever. And students made a strong showing TECHNOLOGY • From silicon.com GPS Driving British Motorists to Distraction A new survey suggests satellite navigation systems encourage dangerous driving. They're being blamed for many accidents and near-misses in Britain PARKER ON WINE Bordeaux: The Other White Wine Bordeaux is practically synonymous with the world's greatest red wines, but the region also produces some outstanding dry whites  BW'S PICKS FROM AP NEWS >> • German court partially overturns smoking ban • ECB, Swiss central bank join Fed to lend dollars • New lawyer for ex-SocGen trader outlines strategy • Russia probes coal producers • EU economic confidence falls MORE BREAKING NEWS FROM AP >  BW MALL   SPONSORED LINKS PROVE The Business Value Of Your IT Portfolio  Forrester Evaluates Four Methods Used To Measure The Business Value Of IT. Register For Free Report. Will the Greenback make a Comeback?  Learn to Trade the Dollar. Risk-Free Practice Account. Try Now. Human Capital Management Resource Center  Register For SAP’s HCM Resource Center And Learn How To Get The Best Talent In Your Industry! External Battery for All Your Electronics  No more running out of power! Just simply connect and charge. You’ll never be caught powerless again Get an MBA Oil and Gas Management Degree from UK  Improve your career with an AMBA accredited MBA in Oil and Gas Management from Aberdeen. Apply now. Buy a link now! This newsletter is a FREE service provided by BusinessWeek.com. To sign up for other newsletters, cancel delivery, change delivery options or change your e-mail address, please go to our Newsletter Preferences page. If you need other assistance, please contact Customer Service or contact: Wanda Cooper BusinessWeek Customer Rights Communications Data Services 1995 G Avenue Red Oak, IA 51566 Phone: 1-800-635-1200 View our corporate privacy policy here. To learn more about how BusinessWeek.com applies this policy, you can contact our Marketing Department. Copyright 2008, by The McGraw-Hill Companies Inc. All rights reserved. Terms of Use | Privacy Notice

IN YOUR FACE: IT UNDER FIRE Reader Heather Purifoy Writes: "Next time you want to complain about IT, just remember: We know your password?and how to change it!" Tell Us: Does Your Company Get 'IT'? >   Advertisement   What's Your Problem? We all have workplace problems. Share with us, and your fellow readers, the hurdles you've faced—and how you've tried to clear them    Viewpoint: Elaine Coles Industries Can Lead in Carbon Reduction Rather than merely adhering to national climate-change rules, industries, such as cement, can lead the way with their own global agreements    Investing: Europe Real Estate Crisis Threatens Spanish Economy Rising property values lured many Spaniards into the real estate market but the bubble has burst and the crisis is quickly spreading through the country's economy    CNET.co.uk PRODUCT REVIEWS CNET.co.uk Product Reviews Choose a Category Camcorders Cameras Cell Phones Handhelds MP3 Players Desktops Notebooks Entertainment Modems Video Adapters Networking Printers Scanners Software Storage CNET.co.uk Editors' picks, value ratings, feature comparisons, and photos   Advertisement   FEATURED SPECIAL REPORT >> Farnborough Air Show 2008 Slide Shows The Planes of Farnborough Next in Line for Takeoff At Air Show, the Worry: Too Many Planes? As airlines cut back on services and lay off thousands, planemakers such as Airbus and Boeing are sitting on a record backlog of orders EADS Takes Aim at U.S. Defense Business Gearing Up for More Airbus A380 Service The Real Action is in Private Jets GE Gives Turboprops a Whirl Boeing Gets Another Shot at Tanker Deal Younger Fleets Boost Non-U.S. Airlines Airbus' Cost-Cuts Don't Fly What Airbus Learned from the Dreamliner READER COMMENTS > MORE SPECIAL REPORTS >