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Cisco warns of big second quarter revenue drop, shares fall
NEW YORK - Network equipment maker Cisco Systems Inc warned that its revenue would decline between 8 percent and 10 percent in its second fiscal quarter, sending its shares down almost 10 percent in late trade.
Macy's sales turnaround adds to holiday sales hopes
- Sales at Macy's Inc rebounded in the latest quarter, joining signs at other retailers that consumers will spend this holiday season if the price is right. | Video
Millennial Media profit misses after higher payments to ad partners
- Millennial Media Inc , which helps companies advertise on mobiles, reported a lower-than-expected quarterly profit after it aggressively purchased advertising space, sending its shares down more than 21 percent in extended trading.
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.
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.
No related earnings announcements are currently scheduled within the next 7 days.
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