Earlier this year, Cisco opened a major front against one-time partners Hewlett-Packard and IBM in the hotly competitive, and fast-growing server market with its blade, and so-called Unified Computing System initiative.
After the close, tech giant Hewlett-Packard announced it will acquire networking provider 3Com for $2.7 billion in an all-cash deal.
It's been awhile since holiday shopping has been such a wild card for the economy. Wednesday kicks off the batch of major retail earnings, when Macy's reports ahead of the opening bell.
It's "risk on" in global markets, a trend traders say could help keep stocks heading higher for now.
On a week where the Dow closes above 10K, gold tops $1,100 and unemployment hits 10.2%, the markets shrug off negative data to end the week up over 3%.
Don't let the pundit-speak about "lagging indicator" or the market's move Friday fool you, the job market is crucial to the stock market right now.
The latest overall job loss numbers showed a loss of 190,000 jobs in September and the unemployment rate rose to 10.2%, the highest unemployment rate since April 1983. The August and September numbers were revised as well. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
Markets have been hanging on the October employment report, expected to show a drop of 175,000 nonfarm payrolls when it is released on Friday.
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Stocks gained on Thursday as a strong reading on productivity and an easing in jobless claims helped cheer investors. Steve Grasso, director of institutional sales at Stuart Frankel and CNBC market analyst, and Alan Valdes, vice president at Kabrik Trading, shared their market insights.
For the first time in two weeks, the Dow closed above 10,000. Now all eyes are on the jobs report out Friday before the bell. How should you put money to work?
Stocks rallied Thursday after a strong reading on productivity and an easing in jobless claims — an encouraging sign ahead of tomorrow's jobs report.
Chartologists, including Greg Troccoli, are seeing a head-and-shoulders formation taking hold on the S&P today. Is it signaling a market reversal?
New U.S. claims for jobless aid fell to a 10-month low last week. What does this herald for stock markets? Art Cashin, director of floor operations for UBS Financial Services, offered CNBC his insights. Also: Cashin's take on hyperinflation and Treasurys.
Stocks opened higher Thursday as a strong reading on productivity and an easing in jobless claims helped cheer investors during a choppy week of trading.
Cisco posted a stronger-than-expected profit for its fiscal first quarter and said business was recovering as customers are buying more network equipment again, after cutting back for the past year. Simon Leopold, telecom equipment analyst at Morgan Keegan, shared his analysis of the company.
Cisco Systems' first-quarter earnings results signaled the beginning of an economic turnaround—especifically in the US, where business was flat after three straight quarters of decline, CEO John Chambers told CNBC Thursday.
The Fed expressed confidence that a recovery is building—but said it will keep borrowing costs near zero for "an extended period." Is this good news for investors and the markets? Robert Doll, vice chairman and global CIO of equities at BlackRock, shared his insights.
The major averages are coming off their second consecutive mixed sessions, with a late selloff Wednesday wiping out what had been strong gains.
Cisco could put a glow into tech stocks Thursday, but traders say the stock market could again be choppy.