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Ciena Tumbles After Sluggish Economy Crimps Sales, Widens Loss
Aug. 30 (Bloomberg) -- Ciena Corp., a maker of communications-network equipment, tumbled the most in more than three years after reporting a wider-than-projected loss and forecasting lower revenue than analysts had estimated.
Apollo's 2nd-Quarter Profit Falls 84%
Apollo attributed its weaker results to lower income from its mainstay private equity funds, compared with the year-ago period, when it sold Hughes Communications, the satellite Internet company. Its investments also showed slower growth, a problem ...
Ben Heineman, Multifaceted Businessman, Dies at 98
Ben W. Heineman, a lawyer and corporate leader who took over railroads, created one of the nation's first conglomerates and became a close confidant and adviser to President Lyndon B. Johnson, died on Sunday in Waukesha, Wis.
Lawrence Mead Jr., Aerospace Engineer, Dies at 94
Mr. Mead, a senior vice president of the Grumman Aerospace Corporation (now Northrop Grumman), was named design chief for the A-6 Intruder in the late 1950s.
Federal Judge Grudgingly Approves Morgan Stanley Price-Fixing Case
Morgan Stanley, the government said, aided the efforts of KeySpan Corporation, a major utility company in New York, to manipulate electricity prices.
American Airlines Flight Attendants Accept Contract Offer
The approval by the flight attendants eliminated the possibility that American's parent, the AMR Corporation, would try to void the contract and impose stricter labor terms.
Week in Review: Tracking Deal Makers Outside of Tampa
Barclays' new chief, Antony Jenkins, 51, who has overseen the company's consumer Justin Thomas/VisualMedia, via Agence France-Presse - Getty ImagesBarclays' new chief, Antony Jenkins, 51, who has overseen the company's consumer banking ...
Morning Take-Out
Apple's Record Valuation | Apple's market value rose to $623.52 billion on Monday, the highest valuation ever for a public company, the Bits blog writes. The previous record for market capitalization, $616.34 billion, was set by Microsoft in 1999, at ...
Corporate Fraud Cases Often Spare Individuals
WASHINGTON - Pharmaceutical companies, military contractors, banks and other corporations are on track to pay as much as $8 billion this year to resolve charges of defrauding the government, analysts say - a record sum and more than twice the amount ...
Networks Struggle to Appeal to Hispanics
“We're part of the fastest-growing demographic in the country,” said Randy Falco, the president and chief of Univision. The company recently entered into a partnership with ABC News, which is owned by the Walt Disney Company, to create a 24-hour news ...