Authorizes $1B share buyback (11% shares outstanding) - CE states new $1 billion share repurchase authorization which the company intends to execute over the next two years.- During the third quarter, the company has deployed $400 million to repurchase 6.3 million shares under its pre-existing $451 million share repurchase authorization
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Alcatel-Lucent enhances delivery of video content with introduction of Elastic content delivery network and cloud-based DVR storage
Alcatel-Lucent is set to boost the performance of its cloud-based IP video storage and content delivery technologies with the introduction of its enhanced Cloud DVR platform and the new Elastic content delivery network. This will allow service providers to manage network capacity more dynamically as they deal with ever-growing customer demand.
The UK TV, broadband, phone and mobile provider, TalkTalk, has already tested components of the enhanced Cloud DVR in a live network environment. The enhanced Cloud DVR platform incorporates a number of advances in storage resulting from Alcatel-Lucent's collaboration with IntelCorporation, and using the IntelIntelligent Storage Acceleration Library (ISA-L).
With more consumers moving away from set top boxes to watch on-demand content over their smartphones, tablets and other connected devices, data traffic across networks is increasing dramatically. Alcatel-Lucent has evolved its IP video portfolio to help service providers manage this traffic, designing their data storage and delivery networks with greater efficiency.
Private equity firm KKR is increasing its bet on the hedge fund industry by taking a stake in Marshall Wace, one of the City of London's oldest and most storied hedge funds.
Marshall Wace will continue to run itself under the agreement, the companies said on Wednesday, with KKR initially taking a 24.9 per cent stake. It has the option to lift it to almost 40 per cent.
*KKR TO BUY 24.9% INTEREST UPON CLOSE
*KKR MAY BOOST OWNERSHIP OVER TIME
*KKR SEES DEAL ADDING TO KEY FINL METRICS
RTRS - CHINA'S PREMIER LI: CREATION OF OVER 7 MLN NEW URBAN JOBS AND UNEMPLOYMENT AT 5.1 PCT IN 1H SHOWS ECONOMY IS ON "REASONABLE TRACK"
RTRS - CHINA'S PREMIER LI: ECONOMY CONTINUES TO EXPERIENCE DOWNWARD PRESSURE