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- FinanceCNBC•3 hours ago
Cisco Systems (CSCO) CEO Chuck Robbins told CNBC on Wednesday if the company could repatriate overseas capital, it would do a combination of dividends, buybacks and M&A activity. Repatriating cash, or bringing international profits back to the U.S., would ultimately create some jobs for Cisco, Robbins said on " Squawk Box " on Wednesday at the Business Roundtable meeting in Washington. Cisco has more than $60 billion abroad, and it could be one of the biggest beneficiaries of repatriation measures proposed by President-elect Donald Trump.
- BusinessThe Street•18 hours ago
Advanced Micro Devices (AMD) stock closed up 8.87% to $9.45 on Tuesday following reports that the global semiconductor company inked a licensing deal with rival technology firm Intel (INTC) . Advanced Micro is reportedly licensing its Radeon graphics processing unit for use in Intel's next generation of CPUs, Investors Business Daily reports. Intel currently holds a license for chipmaker Nvidia's (NVDA) technology, but that deal is set to expire in March. Although the Intel deal has not yet been confirmed, Advanced Micro Devices did tie up an extended three-year strategic partnership with software company Mentor Graphics (MENT) on Monday which will expand their agreement to create an embedded software ecosystem.
The New York Post on Monday called Amazon's register-less shopping experiment, Amazon Go, the "next major job killer" in the latest doomsday headline for retail workers. On Monday, the retail giant announced a new advanced supermarket where shoppers can grab items and go without waiting in checkout lines. Once customers leave the store, items are billed to their Amazon.com accounts. Following the announcement, reports by Quartz and The Wall Street Journal declared the experimental store might signal the end of "millions of cashier jobs." The New York Post's front page story on Tuesday called the store "the end of jobs." Correction: This article has been updated to reflect when the NY Post story