WASHINGTON - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite belt-tightening by Washington.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Cisco CEO says not in talks to buy big companies
NEW YORK |
NEW YORK (Reuters) - Cisco Systems Inc (CSCO.O) is not in deal talks with any big companies, Chief Executive John Chambers said in response to a question about his interest in buying giant storage company EMC Corp (EMC.N) on Wednesday.
"We don't have any negotiations with any large companies at this time" Chambers said in an interview broadcast on CNBC.
Chambers said that while he would "never say never, he noted that Cisco was focused on small and medium-sized acquisitions while it likes to forge partnerships with companies as big as Microsoft Corp (MSFT.O) or EMC, the world's biggest maker of corporate storage products.
(Reporting by Sinead Carew, editing by Gerald E. McCormick)
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