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Updated: 8 min 41 sec ago
Cisco Systems Inc. on Wednesday reported a fiscal first-quarter profit of 35 cents a share, on revenue of $12.2 billion, compared with earnings of 37 cents a share on $12.1 billion in sales a year ago.
J.C. Penney reported a smaller quarterly loss as a 12% drop in operating expenses boosted margins. Revenue fell slightly to $2.76 billion.
Cisco Systems Inc. posted stronger-than-expected first-quarter results on Wednesday.
NetApp Inc. shares declined in the extended session Wednesday after the data-storage tech company forecast a weak outlook for the fiscal third quarter.
Cisco unveiled fiscal 1Q adjusted earnings per share of 54 cents, topping views by two cents. The company also announced its CFO would step down Jan. 1.
A federal appeals court is delaying plans to handle a challenge to the Obama administration's health care law because the Supreme Court is stepping into a separate case covering the same legal ground.
The nation's transportation grid must be built to withstand a new normal of more serious natural disasters and it won't be cheap or easy, a top official of the U.S. Transportation Department warned Wednesday.
Supporters of a higher minimum wage are hoping lawmakers and Democratic Gov. Andrew Cuomo tackle the issue in a lame-duck legislative session before Republicans take control of the state's Senate in January.
North Carolina businesses won't have to pay even higher unemployment insurance taxes beyond what's required while the state still owes the federal government money to pay jobless benefits during the Great Recession.
Vice President Joe Biden on Wednesday renewed his call for improvements to the nation's infrastructure, particularly at ports, saying failure to make upgrades will mean missed opportunities for economic growth.
Oklahoma's public retirement systems are financially stronger than they were just four years ago and their unfunded liability has declined by $6.5 billion, pension system managers told members of a state House panel Wednesday.
Grain futures were mostly higher Wednesday on the Chicago Board of Trade.
Call it a high-stakes political poker game.
Lawyers for dozens of oil, gas and pipeline companies asked a federal judge Wednesday to toss out a Louisiana flood board's lawsuit against them over damage drilling and dredging has done to Louisiana's fragile coast.
Some conservative Republicans on Capitol Hill are spoiling for a fight with President Barack Obama over his plans to act unilaterally to protect millions of immigrants living here illegally from deportation.
The Energy Department now predicts the average price of gasoline will be below $3 a gallon in 2015.
Mobile devices have already taken over much of consumers’ lives. Now they’re making a move on the holiday shopping season.
Investors in a potential medical marijuana-growing operation are trying to persuade a city council in south-central Illinois to reconsider their zoning request, and they're offering money to local schools to show they're serious about helping the community.
Two investors based in India are being charged by the Securities and Exchange Commission for a high-yield investment scheme where investors were exploited through social media.
A former Atlantic City Boardwalk casino will find new life as a satellite campus for a southern New Jersey college.