Today pushed the Dow Jones Industrial average into positive territory for the year, up by a fraction but still on the plus side. But words of warning after the close from one of those dow stocks could temper the tone of trading tomorrow. Cisco systems is the closely watched tech bellwether company and on its earnings conference call, the ceo issued disappointing Earnings Guidance and announced plans to cut 6,000 jobs. As for its quarterly results, the computer networking equipment maker posted earnings of 55 cents a share, two cents more than estimates and revenues came in better than expected even though they were basically flat from a year ago as the Company Faces tough demand for its new line of highend switches and routers. Cisco shares initially rose but then reversed course on those comments from the conference call. Cisco along with several other u. S. Tech giants has always looked at china for feature growth but now doing business with beijing is becoming more difficult and one
Decade as corporate profits rise and experts say the impact is showing up in a critical area of the economy. That and more tonight on nightly Business Report for thursday, august 22nd. If you wanted to buy sales of apple, google, intel, microsoft or any other stock listed on the nasdaq you couldnt. The reason, for more than three hours trading was halted because of a major computer glitch. It raised new questions about the safety of electronic trading and the impact on investor and Business Confidence in u. S. Markets. This is the latest in a series of technical snatches that have paralyzed the market like the botched offer of facebook last year and the slash crack of the New York Stock Exchange in 2010. Bertha comb joins us with me. What an extraordinary day. Reporter quite an extra orpd narcoticry day and a lot of folks are saying thank goodness it happened on a quiet thursday in august. Essentially, if you look at the days chart for the nasdaq composite, it essentially flat lined fo
Day in two years. Is the companys turn around strategy in trouble . And the american worker, wages have been slashed for a decade as corporate profits rise and experts say the impact is showing up in a critical area of the economy. That and more tonight on nightly Business Report for thursday, august 22nd. If you wanted to buy sales of apple, google, intel, microsoft or any other stock listed on the nasdaq you couldnt. The reason, for more than three hours trading was halted because of a major computer glitch. It raised new questions about the safety of electronic trading and the impact on investor and Business Confidence in u. S. Markets. This is the latest in a series of technical snatches that have paralyzed the market like the botched offer of facebook last year and the slash crack of the New York Stock Exchange in 2010. Bertha comb joins us with me. What an extraordinary day. Reporter quite an extra orpd narcoticry day and a lot of folks are saying thank goodness it happened on a
The Worlds Largest maker of personal computers has the worst day in two years. Is the companys turn around strategy in trouble . And the american worker, wages have been slashed for a decade as corporate profits rise and experts say the impact is showing up in a critical area of the economy. That and more tonight on nightly Business Report for thursday, august 22nd. If you wanted to buy sales of apple, google, intel, microsoft or any other stock listed on the nasdaq you couldnt. The reason, for more than three hours trading was halted because of a major computer glitch. It raised new questions about the safety of electronic trading and the impact on investor and Business Confidence in u. S. Markets. This is the latest in a series of technical snatches that have paralyzed the market like the botched offer of facebook last year and the slash crack of the New York Stock Exchange in 2010. Bertha comb joins us with me. What an extraordinary day. Reporter quite an extra orpd narcoticry day a
Later tonight. Temperatures right now mid50s much of fairfax, montgomery county, loudoun, prince william, fauquier. Prince gent near 60. In the district e it in the mid60s. For the commute this morning, whether walking or drive, beautiful weathe bright sunshine. Low 60s between now and 8 00 ach a 10 00, brighd sunny with a light wind. A look at the hour by hour temperature changes for the next 12 hours, that is coming up next weather and traffic on the 1s. We have some road closures in alexandria to that water main break. Russell road between west oak street and we sstreet, all lanes are blocked while they fix the break. Elsewhere, southbound 295 looking slow youre approaching t pennsylvania avenue. 24 miles anthere. And here is a live look at 95 authority bound at lorton, seeing more volume, but no ai g accide report. New this morning, one person is dead after a crash on the beltway. This hapnedut 11 30 last night. Two cars collided on the outer loop near the van dorn exit. Were worki