Cisco to cut 4,000 jobs (Update)

Information technology giant Cisco announced Wednesday that it will cut 4,000 jobs, equal to five percent of its workforce.

Amazon says gets OK for Calif sales tax referendum

(AP) -- Amazon.com Inc. says the California Attorney General's Office has approved its petition for a referendum that would let voters decide whether to overturn a new law that forces online retailers to collect sales taxes ...

Paper: Young workers hit hardest by slow hiring during recessions

The saying "Youth is wasted on the young" may ring hollow to young workers who were unable to find work or begin building a career during the Great Recession. When hiring slows during recessions, the brunt of job losses is ...

College job market to see slight rebound

The national job market for college graduates should rebound slightly next year as many large corporations end hiring freezes and small, fast-growth companies continue helping reshape the economy, according to Michigan State ...

Apple shares soar, edges ExxonMobil in market cap

Apple shares soared on Wednesday following blockbuster quarterly earnings and the California gadget-maker leapfrogged over ExxonMobil to become the largest US company in terms of market value.

Researchers look at who's to blame for financial fraud

When companies deceive shareholders about earnings or commit other kinds of accounting fraud, the legal fireworks can be spectacular. Even if the companies don't collapse, as in the notorious Enron case, some executives are ...

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