Cisco’s Strategy Unveiled, Boeing Politics Jobs and 3 DJIA Stocks Rise
Boeing Co. (NYSE:BA): In a not-so-veiled threat to Congress (and perhaps others), defense contractors say that they are contemplating sending out ‘hundreds of thousands’ of pink slips to workers, just a few days before the November election, according to Politico late Wednesday. The companies are quoted as explaining that automatic sequestration cuts are scheduled to kick in on January 2, and Federal law mandates that employers give 60 days notice to workers facing layoffs.
Investing Insights: Mid-Day Buzz: Dendreon Pops 10%, Nokia Heads South to No Man’s Land.
Bank of America Corporation (NYSE:BAC): A new marketplace for corporate bonds is being planned by leading money managers and Wall Street banks, in a response to large investors and new regs that limit risk taking on the part of banks, according to a Wall Street Journal report.
Cisco’s (NASDAQ:CSCO) primary policy is that customers actually want programmability of the network, even though industry chatter is dominated by OpenFlow and software defined networks. Accordingly, Cisco says that what will really resound with customers is exposing them to all the IT already in the network, and then allowing users to program it, that is, instead of dealing with border gateway protocol and virtual local area network setups, just say to the network that you want a link between point A and point B, and describe your service level agreement: the underlying network will take over from there.
Chevron Corp. (NYSE:CVX): OPEC’s global market share for crude and its dominating influence over pricing, might be impacted by newly found supply sources and the emergence of shale oil in the United States, says The Financial Times.
EI DuPont de Nemours & Company’s (NYSE:DD) paramount worries over the next 12 months, are centered around the fact that Germany’s performance level is defined by exports, and Europe itself.
Don’t Miss: Get EXCITED for Apple Maps!
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.