Jim Cramer sees there was a triple-threat combination of events out there that is bringing the market higher. Could it be impacting your portfolio?» Read More
SEATTLE, May 4- Chuck Robbins, the veteran salesman chosen by Cisco Systems Inc to succeed legendary CEO John Chambers, must prove he has the technical knowledge to chart a new course and lead the network equipment maker into the new world of cloud-based computing. Cisco, like tech stalwarts Hewlett-Packard Co and IBM, is trying to branch out from its core business...
May 4- During John Chambers' 20- year reign at Cisco Systems Inc, the network equipment maker's shares rose more than 1,470 percent and its annual revenue grew from $1.2 billion to $47 billion. However, Cisco shares have lagged every year for the past six years. In 2011, Cisco became the last of the "horsemen" to begin paying a dividend; Microsoft started regular...
May 4- Cisco Systems Inc Chief Executive John Chambers will step down in July after 20 years at the helm of the network equipment maker, a symbol of the dot.com stock boom 15 years ago now struggling to boost its bottom line in the era of cloud computing. Wall Street analysts said a change was expected and could signal a refocusing of Cisco, which acquired dozens of...
*McDonald's down after revealing turnaround plan. May 4- Wall Street was up on Monday afternoon, adding to gains from Friday, as investors bought beaten-down healthcare stocks and Berkshire Hathaway led finance stocks higher. Berkshire rose 1.8 percent to $145.98 and gave the biggest boost to the S&P after the insurance and investment conglomerate's results...
*McDonald's down after revealing turnaround plan. *AMC, Cognizant hit record high after results. May 4- Wall Street was up on Monday morning as healthcare stocks rose for a second straight session and new orders for U.S. factory goods recorded their biggest increase in eight months in March.
Slava Rubin, Indiegogo co-Founder & CEO, and Jon Steinberg, The Daily Mail North America, discuss what incoming Cisco CEO Chuck Robbins can do for the company.
Cisco Systems on Monday named Chuck Robbins as its next CEO, effective July 26.
CNBC's Jim Cramer explains why Cisco's transition from its CEO John Chambers to Chuck Robbins will be smooth.
Fred Wilson, Union Square Ventures founder, discusses Cisco naming Chuck Robbins the next CEO; the up and coming world of live video; and the Apple Watch.
SAN FRANCISCO— Veteran tech executive John Chambers plans to step down after more than 20 years as CEO of Cisco Systems Inc., a major supplier of computer networking gear that makes the Internet work. Cisco said its board has selected longtime company executive Chuck Robbins to succeed Chambers in July, bypassing some of Chambers' better-known lieutenants.
CNBC's Jim Cramer explains why transitioning from one CEO to another will be no problem for Cisco.
*Cisco slips after saying Chambers to step down as CEO. May 4- Wall Street was poised to open higher on Monday ahead of data that is expected to show demand for U.S. factory orders rose in March, signaling that the manufacturing sector is strengthening despite a stronger dollar. Factory activity in China in April recorded its biggest drop in a year, hardening the case...
The "Squawk Box" news team report Cisco CEO John Chambers will step down in July.
A group of companies in the S&P 500 has boosted dividend payments at an unusual rate.
American Airlines Group Inc. fell 4.5 percent to $48.88 with 17,945,400 shares traded. Apple Inc. fell 1.5 percent to $128.64 with 57,667,800 shares traded. Applied Materials Inc. fell. 1 percent to $20.01 with 30,919,400 shares traded.
When the FBI is ready to make you a snitch, they pounce quickly. And it just may be worse than prison.
Former NYPD chief Bernard Kerik says going to prison is like "dying with your eyes open" and the criminal-justice system is in urgent need of reform.
Apple Inc. fell 1.6 percent to $130.56 with 114,121,900 shares traded. Applied Materials Inc. rose. 4 percent to $20.04 with 54,604,900 shares traded. Cisco Systems Inc. rose 1.5 percent to $29.32 with 24,001,000 shares traded.
The US criminal-justice system is in desperate need of reform, says ex-Qwest CEO Joe Nacchio, who is now out of prison.
Here's why you should fear going to white-collar prison. Turney Duff finds out it's no "Club Fed."