Alcatel at fault for problems, says chief Alcatel at fault for problems, says chiefBen Verwaayen tells FT that equipment maker was ‘too optimistic' on targets and must overhaul itself to compete in a smaller, less predictable market
Commerzbank to fall short in second quarter Commerzbank to fall short in second quarterLender to take hit from €286m in charges after offloading 96 per cent stake in Ukraine's Bank Forum to Ukrainian Smart Group
Navalny charged with large-scale embezzlement Navalny charged with large-scale embezzlementLeading Russian opposition leader Alexei Navalny calls charge ‘absurd' and claims prosecutors have changed previous accusation
UBS updates Facebook status UBS updates Facebook statusSwiss bank's SFr349m loss incurred as a result of Nasdaq's problems handling social network's listing is far greater than insiders expected