Alcatel-Lucent Enters Joint Venture With Qualcomm

Alcatel-Lucent (NYSE: ALU) widened second quarter losses but the stock price rose on news that the company was entering a joint venture with Qualcomm Inc. (Nasdaq: QCOM). Shares of Alcatel-Lucent added 26 cents to close at $2.46 while Qualcomm stock edged up 27 cents to close at $64.51.

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