Word: move
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...future is not, however, much brighter at Paris-based Alcatel-Lucent, the largest maker of fixed-line networks. Alcatel merged with Lucent Technologies in 2006 in a move intended to grow market share, but it has since axed from payroll 17,500 employees, including its ousted American CEO, Patricia Russo, in what has turned into a restructuring and cultural nightmare. "There are no bronze medals in the telecom-equipment market," says analyst Duncan Stewart of Toronto-based DSAM Consulting. He says Silicon Valley's Cisco Systems and Sweden's Ericsson have the biggest market share, fattest margins and most cash...
...group of Harvard and MIT affiliates are suing the developers of their planned residential community for preventing them from moving into an apartment complex in Kendall Square. Though the affiliates have already submitted their deposits, they allege that the developers have failed to take the necessary steps towards reaching a final closing date. The plaintiffs—a dozen current and former faculty members who have put down initial deposits for units in 303 Third Street—are part of an independent project known as “University Residential Communities” that has sought to create...
...Democratic Party after nearly four decades as an elected Republican, it marked a messy and shocking end to his tumultuous relationship with the GOP. Though Specter says his moderate views are no longer welcomed by the party, Republicans and pundits alike say the real motive for his move is pretty clear: Specter, who plans to run for a sixth term next year, faces long odds in winning the Pennsylvania's Republican nomination (especially considering the state's 200,000 constituents who decided to register as Democrats in 2008). As Specter himself explained, "I am not prepared to have...
Specter's latest move - which he acknowledges came after seeing a private poll that showed he would be doomed in next year's GOP primary in Pennsylvania - appears to make him a much safer bet for re-election. The fact that he no longer has to worry about a challenge from the right changes the political equation on some issues. It means, for instance, that Republicans may be unable to filibuster Obama's judicial nominees. And Specter might be willing to reconsider his opposition to the controversial Employee Free Choice Act; his resistance to the measure, which would make...
...however, as the ballots continue to be cast in the world's largest exercise of democracy (polls finally close in mid-May, after four weeks of voting), India's Supreme Court has ordered an investigation into Modi's role in the brutal anti-Muslim riots. It is a dramatic move after seven years of Gujarati courts' dismissing hundreds of cases and acquitting the accused. It also provides ammunition for the opponents of the Hindu nationalist Bharatiya Janata Party (BJP), where Modi is a superstar...