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Cisco veteran Robbins to take over as CEO from Chambers

- Cisco Systems Inc Chief Executive John Chambers will step down in July after 20 years at the helm of the network equipment maker, a symbol of the dot.com stock boom 15 years ago now struggling to boost its bottom line in the era of cloud computing.

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GE ties up with Qualcomm, Apple in new lighting business bet

- General Electric Co on Monday announced collaborations with Qualcomm Inc and Apple Inc as it uses digital technology and the growing appetite for data to reinvigorate its 130-year-old lighting business.

Fed's Evans: rate hikes could start sooner, if kept slow

COLUMBUS, Ind. - With U.S. inflation uncomfortably low and the unemployment rate still too high, the Federal Reserve should hold off on raising short-term interest rates until early next year, a top Fed policymaker said on Monday.

2:26pm EDT

GM CEO Barra confident about value of company's stock

KANSAS CITY, Kan. - General Motors Co's chief executive said on Monday she is confident the company will convince investors of the value of holding on to GM's stock, which has dropped nearly 9 percent since mid-March despite a $5 billion share buyback plan.

3:15pm EDT

McDonald's reset to change structure, cut costs, boost franchises

- McDonald's Corp's new chief executive officer said on Monday he would reorganize business units, sell restaurants to franchisees and cut costs in a bid to turn the fast-food chain into a "modern, progressive burger company." | Video

3:55pm EDT

Supreme Court hands win to Barclays over $4 billion in Lehman assets

WASHINGTON - The U.S. Supreme Court on Monday allowed Barclays Plc to claim about $4 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc's[LEHRG.UL] brokerage unit at the height of the 2008 financial crisis.

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