Recent Articles
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Cisco Smart Grid Plans include Arch Rock Acquisition
SAN FRANCISCO, Sept 2 (Reuters) – Network equipment maker Cisco Systems Inc (NASDAQ:CSCO) said on Thursday it was buying start-up Arch Rock for an undisclosed sum as it aggressively moves to expand in the growing smart grid market. The news of the acquisition comes a day after the networking giant said it was teaming up…
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Positive Economic Indicators Help Quell Fears of Double-Dip Recession
(Reuters) – Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, helping quell fears the economy could face a double-dip recession. The data released on Thursday, including sturdy sales from U.S. retailers last month, followed a report on Wednesday showing a surprising gain in…