Cisco reports higher revenue, in line with expectations

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Cisco reports higher revenue, in line with expectations

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Cisco reports higher revenue, in line with expectations

Wochit 0:55 mins

Network equipment maker Cisco Systems reported fiscal fourth-quarter revenue in line with Wall Street expectations on continued strength in its enterprise business. Steinway Musical Instruments Inc, best known for its grand pianos, agreed to be taken private by Paulson & Co after the hedge fund firm raised its offer to $40 per share, valuing the 160-year old company at about $512 million. U.S. Airways and American Airlines are focused on fighting for their $11 billion merger in court and will argue that the federal government hasn't proven that the merger would reduce competition.

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