Home building jumps in June after dismal springTuesday, July 19, 2011 @ 9:35AMBuilders broke ground on more single-family homes and apartments in June, as the home-building industry tried to shake off a historically bad spring.
Cisco's Turnaround Not Yet in SightTuesday, July 19, 2011 @ 9:33AMNEW YORK (TheStreet) -- Cisco's reduction of 11,500 workers, 16% of the staff, had nearly no effect on Wall Street, where investors continue to take a wary stance on the networking gear giant. Cisco said Monday it will eliminate 6,500 jobs and transfer another 5,000 employees at its cable box unit in Juarez, Mexico to contract manufacturer Foxconn. Cisco CEO John Chambers announced a little ...
Borders' Seeks Approval to Liquidate, Close StoresTuesday, July 19, 2011 @ 9:30AMBorders is going the way of Blockbuster and Circuit City. The bookseller is seeking court approval to liquidate after it failed to receive any bids that would keep it in business.
Apple Profit Seen Rising as IPad Buying Counters IPhone LullTuesday, July 19, 2011 @ 9:27AMApple Inc. is set to post a 69 percent jump in quarterly profit when it reports results today, after record buying of the iPad and Mac computer made up for weaker demand for its aging iPhone 4.
Tampa tech firm offers Google-like perksTuesday, July 19, 2011 @ 9:24AMWhile other companies slash jobs and sell off assets to survive, life's a bit different at the Tampa tech firm Accusoft Pegasus.
Borders, unable to find white knight, to liquidateTuesday, July 19, 2011 @ 9:22AMNEW YORK (Reuters) - Borders Group Inc, the second-largest U.S. bookstore chain, said it has canceled an upcoming bankruptcy auction and will close its doors for good.
Foundation proposes 'Startup Act'Tuesday, July 19, 2011 @ 9:20AMA Kansas City-based foundation dedicated to promoting entrepreneurship wants Congress to make it easier for talented...
Cisco to Lay Off Thousands of EmployeesTuesday, July 19, 2011 @ 9:20AMSAN FRANCISCO (AP) -- Cisco Systems Inc., the world's largest maker of computer-networking gear, is reducing its work force by about 9 percent to reduce costs and raise profits as the company tries to become more competitive. Monday's announcement to cut 6,500 of its roughly 73,000 worldwide employees follows up on a plan disclosed in [...]
Coca cola earnings better than expectedTuesday, July 19, 2011 @ 9:20AMCoca-Cola Co reported a slowdown in sales in North America, but still posted slightly better-than-expected earnings today on strength in emerging markets such as China and Russia.