Cisco, Westcon to Pay $48 Million for Cheating U.S.

Cisco Systems (CSCO) and Westcon Group North America agreed to pay $48 million to settle charges they paid kickbacks and referral fees to win government business, and then recouped those costs and more by overcharging the government for their services.

Investment Surge Powers Up Smart-Grid Tech

eMeter, which makes software for monitoring energy use, is the latest smart-grid tech startup to garner significant investment -- $12.5 million worth. With old electricity grids being replaced with smart ones, investors -- and tech giants like Google and Cisco -- are surging into the sector.

FedEx Joins a Growing List of Disappointments

Wall Street analysts still predict a record $97 in profits for the S&P 500 next year despite a lackluster economy. Expectations of massive corporate profits have propped up the stock market. That could change quickly.

Cisco's Big Sell-Off Makes Its Shares a Steal

Shares of internet networking giant Cisco tanked after its earnings report on Thursday but the company hardly blew its quarterly earnings. In fact, Cisco beat estimates. That gives investors an opportunity to buy in at attractive levels.

What Intel's Rockin' Quarter Means for Tech

Impressive results from tech bellwether Intel could set the stage for strong earnings from other tech players. But Wall Street's expectations may depend on a company's particular sector in tech. Telecom and computer companies are in favor, while software and Internet, not so much.

Ten Years After the Dot Com Bust, Tech Is Booming

In the decade since the tech-heavy Nasdaq reached its all-time high in the midst of the Internet bubble, the index has recouped just half half of its losses. Even so, tech is booming once again, and it seems a good time to take a look at where tech is headed in the next ten years.

The Tech Sector May Be Getting Its Mojo Back

Cisco's positive earnings reflected a broader good news story among technology companies, which seem to be enjoying a recovery. During the second quarter, the networking gear maker's revenue climbed to $9.8 billion -- up 8% from the year-ago quarter. But will the tech rebound last?

Cisco cutting up to 2,000 jobs

According to Hasan Imam, an analyst at Thomas Weisel, Cisco systems is in the process of cutting between 1,500 and 2,000 jobs. The technology...

Glimmers of hope vs. global meltdown

General Electric (GE) has started to see the first "glimmers of hope" in the world economy, according to Nani Beccalli, CEO of GE International,...

Lose your job in a single Tweet!

Social networking sites like Twitter and Facebook can be a fun way to share your opinion on everything from lunch to popular television show Lost....