Wednesday, February 06, 2008
Cisco meets expectations for January quarter
Cisco meets expectations for January quarter
Cisco Systems Inc. reports that earnings grew more than 10% for the
January quarter, meeting Wall Street's estimates.
Macy's takes new stab at jumping sales
CHICAGO
Macy's Inc., struggling to shore up sales and profits, said Wednesday it
will cut some 2,550 jobs as part of a widespread reorganization aimed at
trimming as much as $100 million in costs and consolidating regional
divisions.
Could Yahoo thwart Microsoft by outsourcing search?
Faced with Microsoft's $44.6 billion "bear hug" offer, Yahoo may
be considering a move to hand control of its troubled search-advertising
business to Google.
The Fed: Plosser warns against 'damn the torpedoes' rate policy
An overly aggressive rate-easing campaign by the Federal Reserve would
only fuel higher inflation down the road, Fed President Charles Plosser
says.
Outside the Box: Brokered Democratic convention would be a party
headache
With the fight for the Democratic nomination still unresolved, more talk
is circulating about the possibility that the contest could continue to
the convention this August.
