Rackspace, the cloud computing player that has been for sale since May, says it intends to remain independent, Re/code reports.» Read More
Aug 13- Cisco Systems Inc forecast tepid current-quarter results and said it plans to cut another 6,000 jobs, as the network equipment maker works through a transition toward a new cycle of high-end switches and routers. Shares in the company slipped 2.7 percent to $24.90 in extended trading, from a $25.20 close on the Nasdaq.
Cisco delivered quarterly earnings and revenue that surpassed analysts' expectations on Wednesday.
Macy's Inc quarterly earnings missed analysts' estimates and the department store operator slashed its full-year same-store sales forecast, driving the stock down 5.5 percent to $56.47. Other major retailers, including Wal-Mart Stores Inc, are expected to report results on Thursday. Wal-Mart shares slipped 0.3 percent to $74.03.
Take a look at some of Wednesday's after-hours movers: Cisco, NetApp, Amgen and more
U.S. stocks closed higher for the third time in four days as a rally in tech, airlines and biotech firms helped lead gains.
Aug 13- Network equipment maker Cisco Systems Inc posted a smaller-than-expected 0.5 percent dip in quarterly revenue, as the company makes a transition through a new cycle of high-end switches and routers. Cisco reported revenue of $12.4 billion, effectively flat from a year earlier.
CNBC's Jon Fortt; Daniel Ives, FBR Capital Markets; and Erik Suppiger, JMP Securities, provide instant analysis to quarterly numbers by Cisco.
Cisco is reporting EPS of $0.55 ex-items on revenue of $12.36 billion, with CNBC's Josh Lipton.
CNBC's Josh Lipton previews Cisco's earnings results out after Wednesday's closing bell.
U.S. stock index futures signaled a higher open early with investors focused on corporate releases and continued tensions in Ukraine and Iraq.
With Cisco reporting earnings after the bell Wednesday, analysts aren't expecting much good news on its Chinese business.
China is accusing tech giant Cisco of cyberspying which Cisco has denies as tensions grow between Washington and Beijing.
*Threat of Russia invading Ukraine appears to recede. NEW YORK, Aug 13- U.S. stock index futures rose on Wednesday amid a perceived easing of tensions in both Ukraine and Iraq, which pushed investors to seek bargains.
July retail sales likely took a hit from falling gas prices, but the drop could mean more spending power during back-to-school shopping season.
U.S. stocks pared gains in light volume trading on Monday as investors looked for signs of easing in geopolitical tensions.
Despite overseas unrest, Cramer thinks the backdrop for stocks is relatively bullish. Here's what's on his calendar.
There's a slew of data coming in the week ahead, but it's geopolitical events that could keep markets volatile—particularly when it comes to Russia.
R&D tax credits were implemented in 1981 to reverse a dramatic decline in R&D and boost the economy. They don't work. It's time to end them.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
*Gemalto to buy SafeNet from PE firm Vector Capital. PARIS, Aug 8- Gemalto NV, the digital security company that makes smart chips for mobile phones, bank cards and biometric passports, is to buy U.S.-based data protection specialist SafeNet for $890 million, it said on Friday, in a move set to boost its earnings and reach.