China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Cisco CEO says not in talks to buy big companies
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)
