Things aren't getting any better at AlcaLu. The company, which reported a second quarter net loss of €254 million ($309 million), is axing 5,000 jobs as part of a new cost-cutting plan. (See Alcatel-Lucent to Cut 5,000 Jobs.)
Half-year profits at ARM, the U.K.-based firm that supplies the designs for chips that go into the iPhone and many other devices, saw profits rise to £96.4 million ($149.5 million) from £78.2 million ($121.2 million) a year earlier.
BSkyB, the U.K.-based satellite TV broadcaster and broadband services provider, notched up a 14 percent year-on-year rise in full-year operating profits to £1.2 billion ($1.8 billion). Earlier this month the company launched Now TV, a subscription-free Internet TV service that is seen as a rival to Netflix Inc. (Nasdaq: NFLX) and LOVEFiLM International Ltd. (See BSkyB Reports Full-Year Profit Growth.)
And finally, as the London Olympics prepares for its official opening on Friday, the Games website is making it clear that along with ceremonial daggers, pepper sprays and a host of other nasties, 3G wireless hubs are on the "prohibited items" list for London 2012 venues. Spoilsports.