Business

Cisco to Cut 6,000 Jobs as Part of Restructuring Plan

Justin Sullivan/Getty Images(SAN JOSE, Calif.) — Networking equipment giant Cisco says it will cut 6,000 jobs, or 8 percent of its workforce, as part of a major restructuring plan. The company on Wednesday posted revenue of $12.36 billion in its latest quarter, down Read More

Walmart Meets Earnings Estimates for Second Quarter

Walmart(BENTONVILLE, Ark.) — Walmart on Thursday reported earnings per share of $1.21 in its second quarter, keeping in line with analysts’ estimates. In another bit of good news, the retail giant also announced its total revenue for the quarter ending July 31 Read More

Jobless Claims Climb to 311K

iStock/Thinkstock(WASHINGTON) — Jobless claims were up last week, increasing by 21,000, according to the latest figures released Thursday by the Labor Department. For the week ending Aug. 9, the number of people filing for benefits rose to 311,000. The previous Read More

IRS Warns Taxpayers About Phone Scams Again

iStock/Thinkstock(WASHINGTON) — The Internal Revenue Service reiterated its warning about phone scams to taxpayers on Wednesday. The agency says the Treasury Inspector General for Tax Administration has, to date, identified more than 1,000 victims who have lost Read More