Cisco posts smaller-than-expected drop in quarterly revenue, shares rise

Cisco Systems Inc on Thursday reported a smaller-than-expected drop in first-quarter revenue as more people working from home during the COVID-19 pandemic drove demand for its teleconferencing tools, networking equipment and cybersecurity products. Shares of the telecom equipment maker, which also said Scott Herren will succeed Kelly Kramer as chief financial officer starting Dec. 18, […]

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Scott Coker ‘leaning toward’ Phil Davis vs. Vadim Nemkov 2, but Ryan Bader and Corey Anderson on deck

Bellator President Scott Coker favors a rematch between Phil Davis and champ Vadim Nemkov for the next light heavyweight title fight, though he expects to make a final decision in the next few weeks. “I think that’s kind of the way we’re leaning toward,” Coker told MMA Fighting on Tuesday. Also factoring in to Bellator’s […]

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Wall Street closes sharply lower, Treasury yields drop as shutdown fears mount

Wall Street dropped in a broad sell-off and U.S. Treasury yields fell on Thursday as spiking COVID-19 infections raised the probability of a new round of economic shutdowns, and investors grappled with the realization that any potential vaccine remains months away from coming to market. The risk-off sentiment was widespread, with economically-sensitive cyclical stocks and […]

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