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Cisco quarterly revenue misses expectations, shares fall
NEW YORK - Network equipment maker Cisco Systems Inc said on its quarterly revenue rose less than expected due to weak demand in emerging markets, the United States and areas such as Southern Europe.
Crocs hires Moelis & Co to explore sale: sources
NEW YORK - Crocs Inc , known for its colorful clogs, has hired investment bank Moelis & Co to explore strategic alternatives, including a leveraged buyout, two people familiar with the matter said on Wednesday.
Macy's sales rise more than expected, helped by promotions
- Macy's Inc on Wednesday reported a rebound in sales, helped by more promotions, and the U.S. department store chain said business was improving as the holiday season nears. | Video
Shares of trucker YRC crash as restructuring goes awry
- Shares of YRC Worldwide Inc lost a quarter of their value, as the trucking company struggled with the implementation of operational changes designed to help reduce its large debt.
Textbook rental firm Chegg's shares slump 20 percent in debut
- Shares of Chegg Inc , whose main business is renting textbooks, fell as much as 20 percent in their debut on Wednesday, after the company priced its initial public offering well above the expected range.
Extended Stay shares rise in debut as U.S. hotel market recovers
- Shares of Extended Stay America Inc rose as much as 19 percent in their market debut on Wednesday, valuing the hotel chain at about $4.8 billion as investors bet on the recovery in the U.S. hotel sector.
US Airways, American to merge after settling antitrust suit
WASHINGTON/NEW YORK - US Airways Group Inc and American Airlines will be allowed to merge to become the world's largest airline after they agreed to give low-cost competitors more access to several key U.S. airports, including in New York and Washington.
Antitrust lessons for future mergers in U.S. airline deal
WASHINGTON - Corporate deal makers who want to avoid a court showdown might learn a lesson or two from the support given by previously hostile U.S. antitrust enforcers to what will become the world's biggest airline.
Carige seen heading towards cash call after writedowns
MILAN - Troubled Italian bank Carige is seen heading towards a capital hike after hefty writedowns punched a hole into its already weak balance sheet, dragging its shares to a two-month low on Tuesday.
Harvest Natural's liquidity crunch weighs on sale plan
- Oil and gas producer Harvest Natural Resources Inc said near-term liquidity constraints could hurt its ability to negotiate best possible terms to sell itself or its assets, sending its shares down as much as 32 percent.
No related earnings announcements are currently scheduled within the next 7 days.
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