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Charter Buys Missouri Systems from US Cable

Charter Communications will acquire cable television systems from US Cable of Coastal Texas for an undisclosed sum. These systems serve approximately 16,000 customers in…

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ST-Ericsson Announces Restructuring

Citing recent changes in the business environment and reduced demand for legacy products at certain customers, ST-Ericsson announced a restructuring aimed at achieving about…

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CitiGroup Suffers Data Breach

CitiGroup reported that hackers have compromised the security of “hundreds of thousands” of credit card customers in the U.S. The cyber intruders gained access…

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Ciena Posts Revenue of $417.9 million

Ciena reported revenue of $417.9 million for its fiscal second quarter ended April 30, 2011. The net loss was $(62.7) million (GAAP), or $(0.66)…