From The Economist:
Both the chairman and chief executive of Alcatel-Lucent resigned as it reported its sixth consecutive quarterly net loss. The merger in 2006 of France’s Alcatel and America’s Lucent formed one of the world’s biggest suppliers of telecoms infrastructure. Since then its market value has fallen by half, thanks to difficulties with integrating the company.
Poor choice of word used. The Economist‘s editing standard is deteriorating.