SAN JOSE (AP) - Cisco Systems Inc. trimmed CEO John Chambers' pay package for the past fiscal year by 9 percent as concerns about growth at the maker of computer networking equipment weighed on the company's stock. The value of Chambers' compensation totaled $11.7 million, down from nearly $12.9 million in the previous year, according to documents filed Wednesday with the Securities ...
SAN FRANCISCO (AP) - California's struggling economy is taking another hit of bad news: Cable provider Comcast says it is closing its three customer call centers in Northern California and moving the 1,000 jobs they provide to Oregon, Washington and Colorado. The company on Tuesday cited the high cost of living and doing business in California as the reason behind its decision ...
TELLURIDE, Colo. (AP) - Allegiant Air says it plans to add nonstop service to the Telluride regional airport from Oakland, Calif., and Phoenix this winter. The Coloradoan reports the Telluride Montrose Regional Airport Organization is providing some revenue guarantees to Allegiant for offering the flights. The flights between Telluride Montrose Regional Airport in southwest Colorado and Oakland International Airport and Phoenix-Mesa Gateway ...
NEW YORK (AP) - Facebook Inc.'s stock took a hit Monday after an article in the financial magazine Barron's said it is "still too pricey" despite a sharp decline since its initial public offering. Though Facebook's stock has plunged since its May IPO, Andrew Bary at Barron's said the stock trades at "high multiples of both sales and earnings, even as uncertainty ...
NEW YORK (AP) - The Verizon Wireless version of the iPhone 5, which went on sale Friday, comes with a secret and unexpected feature: it works on AT&T's network as well.
NEW YORK (AP) - Taco Bell plans to test a "Power Protein" menu that it's hoping will eventually be hit with its core audience - young men. The chain says it will start testing the menu July 25 at about 40 locations in Dayton, Ohio. The burritos and bowls will have double portions of chicken or steak, and toppings such as corn, guacamole and reduced fat sour cream. They'll be made with existing ingredients, including ...
SUNNYVALE (AP) - Yahoo is the latest company to disclose how many requests for user data it has received from U.S. government agencies, putting the number between 12,000 and 13,000 in the six months that ended on May 31.
NEW YORK (AP) - A former intern filed a class-action lawsuit Monday against Warner Music Group and Atlantic Records over his unpaid internship, similar to a spate of recent lawsuits in other industries pushing back against the widespread practice.
MOORESVILLE, N.C. (AP) - Lowe's plans to expand its California presence with an acquisition of Sears spinoff Orchard Supply Hardware Stores for about $205 million in cash. Orchard Supply filed a voluntary Chapter 11 bankruptcy petition on Monday, so the offer from Lowe's will become the "stalking horse" bid for an auction of Orchard's assets. Such a bid sets the floor for an auction process that lets competitors make better offers. The California market is ...
WILKES-BARRE, Pa. (AP) - A single mother who worked briefly at a northeastern Pennsylvania McDonald's franchise is suing the owners after she said she was given a fee-laden debit card and told that she must use it to access her earnings.