The National Bureau of Economic Research, the official U.S. arbiter for declaring recessions, today announced that - surprise! - we’re in a recession, and have been since December 2007. I’m not sure who is actually surprised to hear that news; but nonetheless investors used that development and other fresh signs of economic trouble as a pretty good excuse to take some profits after ...
Results 1 - 10 of 81 for "CSCO"
Today’s tickers: C, GM, F, CHK, GE, CSCO & AEM C – Citigroup Inc. – There appears to be greater sense of confidence these days about the survival of Citigroup now that the government has ring-fenced more than $300 billion of its toxic mortgage debt. Shares jumped 11.4% to $7.82 and option traders kept it the most active equity option contract in light trading on Friday. De...
Filed under: Bad news, Microsoft (MSFT), Apple Inc (AAPL), Cisco Systems (CSCO), Hewlett-Packard (HPQ), Adobe Systems (ADBE), Technology, RecessionComputer-networking icon Cisco Systems (NASDAQ: CSCO) is trying to cut costs wherever it can. In a sign of the times, Cisco will shut offices for four days during the Christmas/New-Year period in an effort to defend its profit margins (critical opera...
Well, now you have a reason to give thanks. The Nasdaq Composite today extended its winning streak to four sessions, with a rally of 67.37 points, or 4.6%, to 1,532.10. That lifted the four-day advance to nearly 216 points, or 16.4%. The Dow Jones Industrials over the same span are up 15.5%. Following up on yesterday’s news that the Fed is injecting $600 billion into Fannie Mae, Freddie M...
Top givers in America, 10 great low-tax places to retire & billionaire sex scandals- Today in Money 11/26
Wed, Nov 26, 9:21 AM ET
Filed under: Cisco Systems (CSCO), Wal-Mart (WMT), McDonald's (MCD), Money and Finance Today, Best Buy (BBY), Tiffany and Co (TIF)In the News: · Durable Orders Plunge 6.2% in October · 30-Year Mortgages Rates Drop Below 6% · Tiffany Profit Beats View, But Outlook Weak · Borders Books Loss Widens, Stock Plunges · Cisco Plans 4-Day Shutdown to Cut Costs ·...
Cisco Systems (CSCO) shares dropped more than 6% during today’s trading session, after the networking giant said it would shut down most of its U.S. and Canadian business for five days, from Dec. 29 through Jan. 2, as part of the co.’s previously announced plans to cut costs. Cicso made the cost-cutting announcement on Nov. 5, after it warned that revenue could fall as much as 10% i...
Three days of gains in the market are nice. In this world of whiplash, what’s more important is the sharp decline in the Chicago Board Options Exchange Volatility Index, or the VIX, which closed at 60.90 Tuesday, just a few days removed from a near-80 close. The expectation for volatility is justified, given the realized volatility on the S&P 500 has been tremendous, and the clouded...
Closing Bell: Markets little changed after choppy session; CSCO, HPQ, SBUX all down, GOOG, LEN up
Tue, Nov 25, 4:30 PM ET
Filed under: After the bell, Google (GOOG), Cisco Systems (CSCO), Hewlett-Packard (HPQ), Starbucks (SBUX), Market matters, Lennar Corp'A' (LEN)Stocks staged a comeback late in the day after swinging up this morning and then down in the afternoon. What is odd is that it was another one of those days where if you were not watching the actual index readings tick by tick, you might not know if the ...
Cisco Systems (CSCO) today said it will shut down most of its U.S. and Canadian business for five days as part of a previously announced cost cutting plan. The shutdown will be from December 29 through January 2. Excluded from the shutdown will be technical support, producer ordering services and other critical functions. Obviously, this is not a sign that business is booming. CSCO today is dow...
Raymond James chip analyst J. Steven Smigie this morning cut his rating on Broadcom (BRCM) to Market Perform from Outperform, citing his view that “order trends are continuing to weaken as Q4 progresses.” The weak economy is one factor in the downgrades, but he sees some specific issues for Broadcom: Key customers Cisco (CSCO) and Hewlett-Packard (HPQ) are guiding for less-than-seas...