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Alcatel keeps 2011 goals, Q1 sales in line

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Telecom gear maker Alcatel-Lucent stuck to its annual targets after posting in-line sales in the first quarter, helped by booming demand in North America and strong sales of wireless equipment.
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Brent rises over $111 after 10 percent rout

Brent crude rose 1.3 percent to more than $111 a barrel on Friday and U.S. crude climbed back above $100 as oil rebounded from a record rout in the previous session that wiped as much as 10 percent from the price.
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Cisco trims fat, abolishes emerging markets arm

Cisco Systems Inc CEO John Chambers, cutting back a bloated management bureaucracy he helped build, has kicked off a sweeping overhaul to revive the networking equipment maker's flagging fortunes.
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China rules U.S. carmakers are guilty of dumping

China has found some U.S.-made passenger cars benefited from unfair subsidies, damaging its carmakers, although Beijing side-stepped a potential trade row with the United States by not hitting them with duties.
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Oil plummets 8 percent as commodities battered

Oil plunged more than 8 percent on Thursday, heading for the third biggest daily drop in dollar terms on record, as concerns about economic growth and monetary tightening spurred a sell-off in commodities.
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GM profit beats, but vehicle prices hit shares

Shares of General Motors Co fell as much as 4.7 percent on Thursday as investor concerns over weak pricing at the No. 1 U.S. automaker outweighed a giant leap in quarterly net profit.
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Commodities dive on jitters about economy, demand

Faltering economic growth and edginess about the impact of costly oil fueled a fourth day of aggressive selling across commodities as Brent crude headed to its biggest weekly fall in a year while silver extended an historic slide.
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GM's Q1 profit to more than double

General Motors Co is expected to report on Thursday first-quarter operating earnings more than double a year earlier, driven by a recovery in the U.S. market and strong sales in Asia.
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On fire Adidas steps up sales goal

Adidas said soaring demand from the United States, China and Russia for its sneakers would offset a profit hit from the Japan earthquake, allowing it to raise its sales outlook for the second time this year.
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Investors on alert for strong vigilance at ECB

The euro kept close to a 17-month high against the dollar and stock markets hugged recent levels on Thursday as investors waited for the European Central Bank to give hints on future interest rate rises.

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