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Cisco surpasses low expectations, shares pop

Cisco Systems Inc (CSCO.O) forecast slim revenue growth this quarter, a pleasant surprise to investors bracing for a sharp pullback in global technology spending that sent its shares soaring 10 percent.

Most Americans say U.S. on wrong track: pol

Rebecca Esquibel, 30, and Nathan Glidden, 29, and their one-month-old daughter Aliyah at a Bank of America mortgage modification outreach event in Los Angeles
Economic fears are weighing heavily on Americans, with a large majority saying the United States is on the wrong track and nearly half believing the worst is yet to come, a Reuters/Ipsos poll said on Wednesday.
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IBM

IBM Drops 'Blue Waters' Supercomputer Project

International Business Machines (IBM) has terminated its contract with the University of Illinois to build a supercomputer for the National Center for Supercomputing Applications (NCSA), citing technical and financial constraints.
Al Gore

Al Gore Takes His Shot at Global Warming Skeptics [Audio]

Speaking at the Aspen Institute in Colorado on August 4, Former U.S. Vice President Al Gore once again warned of the impacts of global warming, but this time he sounded a bit defeated. But to whom he could be defeated? Yes, the global warming skeptics.
At Issue: Arctic Oil

Obama Administration Moves to Open Arctic Drilling

In a move to expand America's domestic oil and gas exploration, the Department of the Interior began to reverse a moratorium on offshore drilling by approving Royal Dutch Shell's request to drill exploratory wells in the Arctic Ocean.
Tropical Storm Emily

Emily breaks up over Haiti, still threatens rains

Tropical Storm Emily broke apart over the mountains of Haiti and Dominican Republic on Thursday but its remnants still packed rains threatening flash floods and mudslides in the neighboring Caribbean countries.

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