It was 95 degrees Fahrenheit outside the Los Cabos conference center as President Barack Obama and fellow Group of 20 leaders pressed Chancellor Angela Merkel to take the heat out of the crisis-wracked euro area.
Ciena Corp., a maker of communications-network equipment, tumbled the most in more than three years after reporting a wider-than-projected loss and forecasting lower revenue than analysts had estimated.
Aug. 24 (Bloomberg) -- Gary Smith, executive director of the American Academy, a research group in Berlin that promotes trans-Atlantic ties, discusses Europe's debt woes and the consequences for President Barack Obama's bid for re-election. He talks from Berlin with Guy Johnson on Bloomberg Television's "The Pulse." (Source: Bloomberg)
Ciena Corp., which makes networking equipment for AT&T Inc. and Verizon Communications Inc., jumped the most in 18 months and helped push competitors’ stocks higher with a surprise first-quarter profit.