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Cisco

Balita

Reuters - 4 oras ang nakaraan

Layoffs pile up in US, Canada as companies uncertain of economy

FACTBOX-Layoffs pile up in US, Canada as companies uncertain of economy Adds Cisco Systems Aug 14 (Reuters) - U.S. and Canadi an companies have continued to cut jobs in 2024 after letting go thousands last year, a s they remain uncertain about t he econom i c conditions . Here is a snapshot of job cuts announced so far this year: TECHNOLOGY * Cisco Systems CSCO.O will lay off 7% of its global workforce , as part of a restructuring plan, the networking giant said, about six months after announcin
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Reuters - 6 oras ang nakaraan

Cisco up after announcing it will cut 7% of global workforce

BUZZ-Cisco up after announcing it will cut 7% of global workforce ** Shares of Cisco Systems CSCO.O rise 5.7% to $48.02 in extended trading ** Company forecast better-than-expected first-quarter revenue on Wednesday and said it was cutting 7% of its global workforce ** CSCO expects first-quarter revenue in the range of $13.65 billion and $13.85 bil
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Reuters - 6 oras ang nakaraan

Cisco Says Restructuring Plan Expected To Impact About 7% Of Global Workforce

BRIEF-Cisco Says Restructuring Plan Expected To Impact About 7% Of Global Workforce Aug 14 (Reuters) - Cisco Systems Inc CSCO.O : CISCO - RESTRUCTURING PLAN IS EXPECTED TO IMPACT APPROXIMATELY 7 PERCENT OF CISCO'S GLOBAL WORKFORCE. Source text for Eikon: [ID:n0001193125-24-200636] Further company coverage: CSCO.O
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Reuters - 6 oras ang nakaraan

Cisco sees recovery in equipment demand, cuts 7% jobs globally

UPDATE 4-Cisco sees recovery in equipment demand, cuts 7% jobs globally Recasts first paragraph, adds CEO comment in paragraph 3, analyst comment in paragraph 7 By Juby Babu Aug 14 (Reuters) - Cisco Systems CSCO.O said on Wednesday it was witnessing rebounding demand for its networking equipment and announced a 7% cut in its global headcount to focus on high-growth areas such as AI and cybersecurity.
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Reuters - 6 oras ang nakaraan

Cisco announces new restructuring plan

Cisco announces new restructuring plan Aug 14 (Reuters) - Cisco Systems CSCO.O announced a restructuring plan on Wednesday in order to invest in key growth opportunities and drive more efficiencies. It estimates it will recognize pre-tax charges of up to $1 billion in connection with the plan, with $700 million to $800 million of these charges being recognized in the first quarter.
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Reuters - 8 oras ang nakaraan

U.S. STOCKS Progressive, Serve Robotics, Palo Alto Networks

BUZZ-U.S. STOCKS ON THE MOVE-Progressive, Serve Robotics, Palo Alto Networks Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes were mixed on Wednesday as Alphabet slid and as signs of moderating inflation kept bets intact that the U.S.
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Reuters - 10 oras ang nakaraan

PREVIEW: Cisco shares flat ahead of earnings report

BUZZ-PREVIEW: Cisco shares flat ahead of earnings report ** Shares of Cisco Systems CSCO.O flat at $45.38 as quarterly earnings report due after the closing bell is expected to show how the networking equipment giant is grappling with weakening demand ** Analysts expect CSCO to report an ~11% decline in rev to $13.5 bln in addition to a ~26% drop i
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Reuters - 16 oras ang nakaraan

US clears inflation decks, NZ cut surprises

MORNING BID AMERICAS-US clears inflation decks, NZ cut surprises A look at the day ahead in U.S. and global markets from Mike Dolan Feeding off impressive disinflation and a growing list of central bank interest rate cuts around the world, global stocks and bonds are rallying anew - with today's U.S. consumer price update set to clear the deck for Fed easing next month.
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Reuters - 1 araw ang nakaraan

What to Watch in the Day Ahead - Wednesday, August 14

What to Watch in the Day Ahead - Wednesday, August 14 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT Following Tuesday's release of the producer price data showing a reduction in inflation pressures for July, investors will now shift their focus to the consumer price index (CPI) numbers to gau
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Reuters - 5 araw ang nakaraan

What to Watch in the Week Ahead and on Monday, August 12

What to Watch in the Week Ahead and on Monday, August 12 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT ON MONDAY Barrick Gold will announce its second-quarter results, where the gold miner is expected to share comments on M&A, forecast for copper projects and gold prices.
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Reuters - 5 araw ang nakaraan

Cisco to lay off thousands more in second job cut this year, sources say

EXCLUSIVE-Cisco to lay off thousands more in second job cut this year, sources say Adds shares in paragraph 6 By Utkarsh Shetti and Supantha Mukherjee Aug 9 (Reuters) - Cisco CSCO.O will cut thousands of jobs in a second round of layoffs this year as the U.S. networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with the matter said.
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Reuters - 5 araw ang nakaraan

U.S. earnings week ahead

DIARY-U.S. earnings week ahead Aug 9 (Reuters) - Diary of U.S. (.SPX) corporate earnings for the week ahead. ** Please Note - All times given are in U.S. EDT unless otherwise stated ** U.S. EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 13-Aug-2024 BMO HD Home Depot Inc Q2 2024 Home Depot Inc Earnings Release 14-Aug-2024 AMC CSCO.O Cisco Systems Inc Q4 2024 Cisco Systems Inc Earnings Release 14-Aug-2024 BMO PGR Progressive Corp July 2024 Progressive Corp Earnings Release 14-Aug
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Reuters - 6 araw ang nakaraan

Cisco to lay off thousands more in second job cut this year, sources say

EXCLUSIVE-Cisco to lay off thousands more in second job cut this year, sources say By Utkarsh Shetti and Supantha Mukherjee Aug 9 (Reuters) - Cisco CSCO.O will cut thousands of jobs in a second round of layoffs this year as the U.S. networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with the matter said.
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Reuters - 6 araw ang nakaraan

Layoffs pile up in US, Canada as companies uncertain of economy

FACTBOX-Layoffs pile up in US, Canada as companies uncertain of economy Adds Paramount Global Aug 9 (Reuters) - Companies in the United States and Canada have continued their job cuts in 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly. Here is a snapshot of job cuts announced so far this year: TECHNOLOGY * Amazon's AMZN.O job cuts include less than 5% of employees at Buy with Prime uni
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Reuters - 2 linggo ang nakaraan

Intel shares slump 26% as turnaround struggle deepens

UPDATE 6-Intel shares slump 26% as turnaround struggle deepens Updates stock moves By Noel Randewich and Arsheeya Bajwa Aug 2 (Reuters) - Intel INTC.O shares sank 26% on Friday in their worst day since 1974 after the chip manufacturer suspended its dividend and slashed its workforce to fund a costly turnaround after losing its once-dominant global position.
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Reuters - 2 linggo ang nakaraan

Layoffs pile up in US, Canada as companies uncertain of economy

FACTBOX-Layoffs pile up in US, Canada as companies uncertain of economy Adds Intel layoffs Aug 2 (Reuters) - Companies in the United States and Canada have continued their job cuts in 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly. Here is a snapshot of job cuts announced so far this year: TECHNOLOGY * Amazon's AMZN.O job cuts include less than 5% of employees at Buy with Prime unit ,
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Reuters - 2 linggo ang nakaraan

Intel shares slump 28% as turnaround struggle deepens

CORRECTED-UPDATE 3-Intel shares slump 28% as turnaround struggle deepens Corrects headline to remove reference to record slump. In first paragraph, corrects to show stock on track for worst day since 1974, not worst day ever Aug 2 (Reuters) - Intel INTC.O shares sank nearly 28% on Friday and were set for their worst day since 1974 after the company suspended dividend and slashed workforce to fund a costly turnaround for its chip-making business.
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Reuters - 2 linggo ang nakaraan

Intel shares set to fall most in 24 years as it struggles with turnaround

Intel shares set to fall most in 24 years as it struggles with turnaround Aug 2 (Reuters) - Intel INTC.O was set to erase nearly $25 billion in market value on Friday in what would be its worst selloff since 2000 after it suspended its dividend and slashed its workforce to fund a costly turnaround for its chip-making business. Shares of the company were down about 20% in premarket trading after Intel late on Thursday forecast quarterly revenue below estimates and said it was cutting 15% of its w
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Reuters - 2 linggo ang nakaraan

EU approves Hewlett Packard Enterprise's $14 bln Juniper deal

EU approves Hewlett Packard Enterprise's $14 bln Juniper deal Aug 1 (Reuters) - The EU Commission on Thursday said it had unconditionally approved the $14 billion takeover of networking gear maker Juniper Networks JNPR.N by Hewlett Packard Enterprise HPE.N . The commission said its investigation had shown the deal would not significantly reduce competition in the markets for wireless local area network equipment and access points, ethernet campus switches and datacentre switches.
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Reuters - 2 linggo ang nakaraan

Hewlett Packard Enterprise set for EU nod for $14 bln Juniper deal, sources say

UPDATE 2-Hewlett Packard Enterprise set for EU nod for $14 bln Juniper deal, sources say Adds Hewlett Packard Enterprise decline to comment in paragraph 4, full name of company in headline By Foo Yun Chee BRUSSELS, July 29 (Reuters) - Hewlett Packard Enterprise (HPE) HPE.N is expected to secure unconditional EU antitrust approval for its $14 billion acquisition of networking gear maker Juniper Networks JNPR.N , people familiar with the matter said.
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