Independent voices from the TWT Communities
Fear that Spain may need a bailout sent its borrowing costs soaring, the euro to a two-year low against the dollar and stocks around the world tumbling as investors pulled back Monday from all manner of risk.
Cisco Systems is preparing to lay off about 1,300 workers just a few months after the world's largest maker of computer networking equipment warned that growing economic uncertainty is making it tougher to close sales with its customers.
Microsoft is raising its quarterly dividend for the first time in two years in a move that will return more of the software maker's cash to its shareholders.
Hewlett-Packard Co.'s $1.5 billion deal to buy security company ArcSight Inc. is the latest effort by a major tech company to branch into newer businesses.
Cisco Systems Inc. CEO John Chambers received about $18.9 million in compensation for the latest fiscal year, a 33 percent increase from last year's payout due to more generous bonus and stock awards, according to an Associated Press calculation of figures filed with regulators on Friday.
Now that Mark Hurd is out as CEO of Hewlett-Packard Co., the world's biggest technology company is trying to prove to Wall Street that it can thrive under the sweeping changes he set in motion.
The recent run of bad economic figures continued Thursday, as new jobless claims reached a six-month high, Wall Street lost more ground, several companies released disappointing earnings reports and the foreclosure rate rose for the eighth month in a row.
Cisco Systems Inc. reported stronger earnings in the latest quarter as its customers continued to catch up on delayed purchases of networking gear, but its CEO said the company was seeing signs of the economic recovery slowing down.
Cisco Systems Inc. reported revenue for its latest quarter that missed Wall Street expectations, and its stock fell.
Cisco Systems Inc. reported stronger earnings in the latest quarter as its customers continued to catch up on delayed purchases of networking gear, but its CEO said the company was seeing signs of the economic recovery slowing down.
