Alcatel-Lucent SA appointed Roberto Loiola to lead its Italian unit, hiring the executive who worked at competitor Huawei Technologies Co. to help boost sales of network equipment to European phone companies.
Facebook Inc. introduced an open design for a networking hardware, moving the technology industry toward cheaper machines and threatening incumbents such as Cisco Systems Inc. and Juniper Networks Inc.
Huawei Technologies Co., China’s biggest maker of phone network equipment, forecast a 10 percent increase in sales this year after posting record earnings on rising demand from wireless carriers for gear.
Alcatel-Lucent SA, the French network- equipment maker halfway through a three-year revamp plan, said more profitable products and lower administrative costs helped narrow its first-quarter loss. The stock rose.