COMPANIES

Cisco to Slash 6,500 Jobs; Sell Mexican Unit

Troubled networking giant Cisco Systems (Nasdaq: CSCO) said it will slash 6,500 jobs – representing about 9 percent of its workforce, in a bid to save about $1-billion in annual expenses.
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Hertz

Hertz Acquires Donlen for 250 Million

Rental car company Hertz announced its intention to acquire fleet vehicle and management company Donlen Corp. for 250 million dollars, plus assuming Donlen's debt.
iPad 2

Sears $69 iPad 2: It Was Only a Typo

Sears was selling an iPad 2 for $69 at its online store over the weekend through a third party vendor. But the offering was a mistake, caused by a typo the company says. All sales were cancelled by Sears.

Borders Closer to Liquidation; Deadline Passes Without Bidder

America's second-largest bookstore chain moved closer to liquidation as the company has not found a bidder that wants to keep its stores open. There's still hope, as some talks continue, but there's little time left remaining before Borders enters liquidation.
Latest Pictures of Casey Anthony Released from Orange County Jail.

Casey Anthony Headed to Ohio?

America's Most Hated murder suspect Casey Anthony walked out of the Orange County Jail at 12:10 a.m. with attorney Jose Baez, wearing pink T-shirt, jeans and tennis shoes. Anthony acquitted unanimously of the murder of her 2-year-old daughter Caylee, was not particularly emotional while walking out of the prison. She didn't carry anything with her.
Casey Anthony sits in court during sentencing at the Orange County Courthouse in Orlando

Five Things Casey Anthony Could Do After Release

Casey Anthony, the woman acquitted of the murder of her 2-year-old child Caylee and is being dubbed America's Most Hated will walk free within hours, as absolute uncertainty shrouds her future. Orange County Jail officials are reportedly planning a midnight release of Anthony, as her defense team will try everything to keep her away from media spotlight and public wrath. According to an attorney of Anthony, she is scared to leave jail, given numerous threats on her life as a large section of ...
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Casey Anthony to be Released in Hours: What is in Store for Her?

Hated murder suspect Casey Anthony, who a court found not guilty last week, will walk out a free person from Florida's Orange County jail in hours. But her future is uncertain, riddled with death threats and a high prospect of social rejection. She spent three years and one day in prison after being arrested in connection with the disappearance and death of her two-year-old daughter Caylee Anthony.

Volkswagen Sets New Sales Record

Deliveries for Europe’s largest car company rose by 14 percent over the same period last year, driven primarily by solid growth in Asia.
Coronado home of CEO Jonah Shacknai

Medicis Corp. CEO Girlfriend Found Dead, Shares Drop

Rebecca Nalepa, 32, girlfriend of Medicis Pharmaceutical Corp., a pharmaceutical company based in Scottsdale, Ariz., founder and chief executive Jonah Shacknai, was found dead at his California home, one of many in a wealthy neighborhood, Wednesday in what officials are calling suspicious circumstances.
Carmageddon

Will 'Carmageddon' Trigger the 'Traffic Jam of the Century'?

'Carmageddon,' -- the weekend closure of a part of Interstate 405 in Los Angeles for construction and expansion, starts Friday at 7 p.m. PDT and ends Monday at 6 a.m. PDT. Advice from public officials is succinct: don't drive if you don't have to; also: shop and entertain close to home.

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