Cisco Systems CSCO , the networking giant, announced Sunday it was buying cloud computing company Meraki for $1.2 billion.Meraki, based in San Francisco, will form Cisco's new Cloud Networking group, which will be led by Meraki CEO Sanjit Biswas. Cisco shares were rising 1.3% to $18.22 in premarket trading.
Retailer Urban Outfitters URBN is expected to earn 41 cents a share in the third quarter on revenue of $692.4 million.Clues to E-Commerce Success
Tyson Foods TSN posted fiscal fourth-quarter adjusted earnings of 55 cents a share on sales of $8.37 billion. analysts forecast earnings of 44 cents a share on sales of $8.49 billion.
Earnings are also expected Monday from Jack in the Box JACK , Krispy Kreme KKD , Agilent A and Brocade BRCD .
BioMimetic Therapeutics BMTI shares rose 82% to $7.57 after it announced Monday an agreement to combine its business with Wright Medical WMGI .
News Corp NWSA is expected to announce this week that it will acquire a 49% in the YES Network from the New York Yankees and its partners, according to Reuters, which cited a person with knowledge of the talks. The deal would would value the sports channel at $3 billion, Reuters said. An Assault on Yield-Oriented ETFs
-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.
Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE. Sign up today to get e-mail alerts before every trade.
- The 5 Most Useful Free iPhone Apps
- 5 Cars With the Best Resale Value
- Jim Cramer's Stock Market Predictions for 2013
- Investment & Company Information
- Cisco Systems