Latest Cisco Systems Inc News

Cisco: Fiscal Q3 Earnings Snapshot

May. 15, 2024 16:38 PM EDT

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Cisco Systems Inc. (CSCO) on Wednesday reported fiscal third-quarter net income of $1.89 billion. On a per-share basis, the San Jose, California-based company said it had profit of 46 cents. Earnings, adjusted for non-recurring...

US applications for jobless claims fall to lowest level in 9 weeks

Apr. 25, 2024 08:53 AM EDT

Fewer Americans applied for unemployment benefits last week as the labor market continues to hold up despite higher interest rates imposed by the Federal Reserve in its bid to curb inflation. The Labor Department reported Thursday that unemployment claims for the week ending April 20...

Cisco Systems joins Microsoft, IBM in Vatican pledge to ensure ethical use and development of AI

Apr. 24, 2024 07:27 AM EDT

ROME (AP) — Tech giant Cisco Systems on Wednesday joined Microsoft and IBM in signing onto a Vatican-sponsored pledge to ensure artificial intelligence is developed and used ethically and to benefit the common good. Cisco Systems chief executive Chuck Robbins signed the document,...

The number of Americans applying for jobless benefits holds steady as labor market remains strong

Apr. 18, 2024 09:21 AM EDT

The number of Americans filing for jobless benefits didn't change last week as the labor market continues to defy efforts by the Federal Reserve to cool hiring. The Labor Department reported Thursday that unemployment claims for the week ending April 13 were unchanged from the...

Fewer Americans file for jobless claims as labor market continues to shrug off higher interest rates

Apr. 11, 2024 14:33 PM EDT

WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week as the labor market continues to thrive despite the Federal Reserve's efforts to cool it. The Labor Department reported Thursday that filings for unemployment claims for the week ending April 6 fell by 11,000...

Apple lays off more than 600 workers in California in its first major round of post-pandemic cuts

Apr. 05, 2024 06:45 AM EDT

Apple is laying off more than 600 workers in California, marking the company's first big wave of post-pandemic job cuts amid a broader wave of tech industry consolidation. The iPhone maker notified 614 workers in multiple offices on March 28 that they were losing their jobs, with...

Michelle Yeoh to join business and political leaders at Global Citizen NOW summit to fight poverty

Mar. 28, 2024 08:12 AM EDT

NEW YORK (AP) — Oscar winner Michelle Yeoh, Botswana President Mokgweetsi Masisi, and Verizon CEO Hans Vestberg are among the diverse group of political, business and philanthropic leaders Global Citizen will convene in New York on May 1 and 2, the nonprofit announced on Thursday. ...

Arista Networks former chairman agrees to pay nearly $1M to settle insider trading charges

Mar. 26, 2024 10:38 AM EDT

The founder and former chairman of technology company Arista Networks has agreed to pay almost $1 million to settle insider trading charges. The Securities and Exchange Commission said Tuesday that Andreas “Andy” Bechtolsheim misappropriated material nonpublic information related...

Applications for U.S. unemployment benefits dip to 210,000, another sign the job market is strong

Mar. 21, 2024 10:21 AM EDT

WASHINGTON (AP) — The number of Americans signing up for unemployment benefits fell slightly last week, another sign that the labor market remains strong and most workers enjoy extraordinary job security. The Labor Department reported Thursday that jobless claims dipped by 2,000 to...