CISCO SYSTEMS

Stocks fell for a third straight day on Thursday as a discouraging report on jobless claims underlined the lack of progress in turning around the anemic labor market.

Stocks declined on Thursday as an unexpected rise in weekly jobless claims and a disappointing forecast from Cisco Systems fueled worries about the economic recovery.

Stocks fell on Thursday as an unexpected rise in jobless claims and a bleak outlook from technology bellwether Cisco underscored concerns about sluggish economic growth.

Shares of technology bellwether Cisco Systems Inc fell 8 percent in pre-market trade Thursday, a day after CEO John Chambers' comments about an uncertain economy spooked investors, prompting at least one brokerage to cut its rating on the stock.

Stocks fell at the open on Thursday after an unexpected rise in new claims for unemployment insurance added to concerns about a slowing economic recovery.

Stocks were set to fall about 1 percent at the open on Thursday as an unexpected rise in jobless claims heightened fears of a double-dip recession and a bleak outlook from Cisco weighed on the technology sector.

Cisco Systems Inc CEO John Chambers warned of unusual uncertainty in the economy and forecast revenue that missed Wall Street targets, sending its shares plummeting and raising fears that a nascent recovery in technology spending could be derailed.

Cisco Systems Inc's quarterly revenue and outlook missed Wall Street expectations and Chief Executive John Chambers cited unusual uncertainty in the economy, sending its shares plunging 8 percent.

Stocks tumbled 2 percent and turned negative for the year on Wednesday as softer Chinese factory data and a weaker outlook from the Federal Reserve increased worries about the recovery.

(Corrects to say softer instead of softer-than-expected Chinese factory data in first paragraph)

Stocks dropped more than 2 percent on Wednesday as worse-than-expected Chinese factory data and a weaker outlook from the Federal Reserve added to worries about the economic recovery.

Stocks dropped more than 2 percent on Wednesday as worse-than-expected Chinese factory data and a weaker outlook from the Federal Reserve added to worries about the economic recovery.

Top U.S. phone carrier AT&T Inc on Thursday named Alcatel-Lucent, Cisco Systems Inc and Juniper Networks as key suppliers for its networks.

Trading in Cisco Systems Inc shares was briefly halted on Thursday after triggering a circuit breaker.

The Dow industrials and the S&P 500 eked out slim gains, while the Nasdaq dipped on Tuesday as a sharp drop in July consumer confidence curbed the enthusiasm stirred by more robust earnings.

Amazon.com Inc quarterly earnings fell far short of Wall Street estimates as operating expenses surged, sending its shares down 14 percent.

Cisco Systems Inc is launching a tablet computing device aimed at business customers, becoming the latest company to wade into the red-hot tablet market.

Russian President Dmitry Medvedev was inspired by a tour of Silicon Valley on Wednesday and left determined to replicate the U.S. technology hub at home, despite pessimism that Russia could create a sufficiently open environment to nurture success.

Russian President Dmitry Medvedev sent his first Twitter tweet message on Wednesday, then tried out video conferencing at Cisco Systems Inc as he made a quick tour of U.S. technology hub Silicon Valley, which he sees as a possible model for Russia to follow.

Hewlett-Packard Co said it aims to boost margins by cutting jobs and reallocating spending to more profitable technology services, shrinking its workforce by a net 3,000 jobs, or 1 percent, over three years.

U.S. stocks fell on Thursday, following the best three-day run in 10 months as lackluster jobless data underscored difficulties facing the labor market and offset optimism after a multibillion-dollar tech deal.