Wall Street Journal Cisco Plans to Cut 5500 WorkersWall Street JournalCisco Systems Inc. CSCO -1.29 % is cutting 5,500 employees—7% of its workforce—in the networking company's latest reaction to market shifts, including customers favoring software over hardware. The reduction beginning this quarter renews a pattern of …Cisco laying off 5500 employees, or 7 percent of workforceBusiness […]
KTIC A4A: Airlines Edge Closer to Average Corporate ProfitabilityAviation International NewsMajor U.S. airlines collectively reported pre-tax profit of $12 billion in the first half of the year, improving from $11.3 billion during the same period in 2015. This translated to an average profit margin of 15.5 percent, or 15.5 cents on every …A4A: US airlines […]
Wall Street Journal Target Adds Private Bathrooms to Quell Transgender DebateWall Street JournalTarget Corp. TGT -6.43 % said it will spend $20 million to add a private bathroom to each of its stores by next year, after customer protests of its policy allowing transgender individuals to use whichever restroom corresponds with their gender …Target adding […]
CNBC Miner BHP Billiton Posts $6.4 Billion Loss for 2015-16New York TimesCANBERRA, Australia — The world's biggest miner BHP Billiton has posted a $6.4 billion loss, the worst full-year result in the Anglo-Australian company's history. BHP on Tuesday said the result for the fiscal year ending June 30 came from a 31 percent …World's largest […]
CNNMoney Aetna to pull out of most Obamacare exchangesCNNMoneyIn the latest blow to Obamacare, Aetna is vastly reducing its presence on the individual exchanges in 2017. The insurer will stop offering policies on the exchanges in 11 of the 15 states where it currently operates, according to a press release it …Aetna to Drop Some […]
TechCrunch Peter Thiel's moral sleight of handTechCrunchEarlier today, we started seeing rumblings about a New York Times op-ed from famed entrepreneur and venture capitalist Peter Thiel — an op-ed where he'd lay out the case against Gawker. Thiel, of course, quietly poured $10 million into the lawsuit by …Univision Among At Least Two Bidders For […]
Bloomberg Praxair Said to Have Held Merger Talks With Germany's LindeBloombergPraxair Inc. has held merger talks with Germany's Linde AG, according to people familiar with the matter, a deal that would create the world's largest supplier of industrial gases. The two companies have discussed a possible combination, though the …Praxair in talks to acquire Linde: […]
Yahoo Sports SEC Suspends Trading in OTC Stock After Value Soars to $35 BillionWall Street JournalThe U.S. Securities and Exchange Commission on Monday suspended trading in the shares of Neuromama Ltd. NERO -0.44 % , saying it was concerned that manipulation had inflated the value of the unlisted company to $35 billion. In an order […]
Bloomberg Soros Cashes In as Barrick Gold Posts Best-Ever First Half RallyBloombergBillionaire George Soros isn't waiting around to see if this year's surge in gold-mining shares will last. Soros Fund Management LLC, which took a $263.7 million stake in Barrick Gold Corp. in the first quarter, cut its holdings in the world's biggest …Soros Fund […]
CNBC Stocks could autopilot to more new highsCNBCConsumer inflation and industrial production could influence stocks Tuesday, but the market seems set on autopilot toward more new highs. "It's hard to fight the Fed, and I just think the Fed's hands are still tied and that's why the market is doing …US stocks hit record highs […]