collected by :Ros Roger
as declared in Cisco shares climbed almost 4 percent in extended trading after MarketWatch reported that Amazon Web Services is not planning to start selling network switches, countering a story last week that said AWS was looking to enter the market. In a statement that Cisco confirmed to CNBC, "Cisco and AWS have a longstanding customer and partner relationship, and during a recent call between Cisco CEO Chuck Robbins and AWS CEO Andy Jassy, Andy confirmed that AWS is not actively building a commercial network switch."MarketWatch said that AWS confirmed the statement without providing further details. Cisco rose as much as 3.6 percent to $43.75 in after-hours trading following the report, while networking rival Juniper was up a little more than 1 percent after hours. On Friday, Cisco and shares of other networking vendors dropped following a report by The Information that AWS is considering selling its own network switching devices.
as declared in
Shares of GlaxoSmithKline jumped as much as 4 percent in intraday trading Friday after the Financial Times reported that the British pharmaceutical firm's chairman is considering splitting up the company. Glaxo currently divides its business into pharmaceuticals, vaccines and consumer branches. People familiar with the matter told the FT that a split up could occur in about two or three years. Prices last reached this height on June 14 when the company announced positive results in studies to treat HIV with a two-drug regimen. Shares settled to a close of $41.87, up 2.9 percent for the day.
as declared in
Image copyright Getty ImagesTesla shares have fallen by more than 5% following a report that it is seeking refunds from suppliers. The electric carmaker, which is headed by Elon Musk, told suppliers the refunds were critical to its ability to stay in business, according to the Wall Street Journal. The refund request applies to money that Tesla has paid to some suppliers since 2016, according to the Journal. Initially, Tesla shares dropped by more than 5% on Monday morning as investors responded to the report, although they recovered some ground later. Instead, he has told investors that he expects the firm to turn a profit in the third quarter of this year.
as declared in Cisco shares climbed almost 4 percent in extended trading after MarketWatch reported that Amazon Web Services is not planning to start selling network switches, countering a story last week that said AWS was looking to enter the market. In a statement that Cisco confirmed to CNBC, "Cisco and AWS have a longstanding customer and partner relationship, and during a recent call between Cisco CEO Chuck Robbins and AWS CEO Andy Jassy, Andy confirmed that AWS is not actively building a commercial network switch."MarketWatch said that AWS confirmed the statement without providing further details. Cisco rose as much as 3.6 percent to $43.75 in after-hours trading following the report, while networking rival Juniper was up a little more than 1 percent after hours. On Friday, Cisco and shares of other networking vendors dropped following a report by The Information that AWS is considering selling its own network switching devices.
as declared in
GlaxoSmithKline shares jump after report of possible break-up
Shares of GlaxoSmithKline jumped as much as 4 percent in intraday trading Friday after the Financial Times reported that the British pharmaceutical firm's chairman is considering splitting up the company. Glaxo currently divides its business into pharmaceuticals, vaccines and consumer branches. People familiar with the matter told the FT that a split up could occur in about two or three years. Prices last reached this height on June 14 when the company announced positive results in studies to treat HIV with a two-drug regimen. Shares settled to a close of $41.87, up 2.9 percent for the day.
as declared in
Image copyright Getty ImagesTesla shares have fallen by more than 5% following a report that it is seeking refunds from suppliers. The electric carmaker, which is headed by Elon Musk, told suppliers the refunds were critical to its ability to stay in business, according to the Wall Street Journal. The refund request applies to money that Tesla has paid to some suppliers since 2016, according to the Journal. Initially, Tesla shares dropped by more than 5% on Monday morning as investors responded to the report, although they recovered some ground later. Instead, he has told investors that he expects the firm to turn a profit in the third quarter of this year.