Computer networking giant Cisco Systems Inc. (NASDAQ:CSCO) laid off 225 workers in Research Triangle Park as part of a global reorganization, the company notified the N.C. Department of Commerce on Wednesday. The layoffs took place last week as part of a global workforce “realignment” at the Silicon Valley-based company that’s expected to trim 6,000 jobs from its workforce of 75,000. Cisco Systems, Inc. (NASDAQ:CSCO) in last trading activity decreased -0.43% to close at $22.96. Company weekly performance is -6.89% while its quarterly performance stands at -9.75%. Cisco Systems, Inc. (NASDAQ:CSCO) is -11.28% away from its 52 week high.MGM Resorts International (NYSE:MGM)'s career fair being held at the Basketball Hall of Fame is expected to draw hundreds to downtown Springfield Wednesday, as the company eyes applicants for the 3,000 permanent jobs it is looking to create with an $800 million resort casino just a few blocks away. On last trading day MGM Resorts International (NYSE:MGM) decreased -1.07% to close at $20.40. Its volatility for the week is 4.41% while volatility for the month is 3.28%. MGM's sales growth for past 5 years was 6.40% and its EPS growth for past 5 years was 36.30%. MGM Resorts International (NYSE:MGM) monthly performance is -10.60%.CME Group Inc. (NASDAQ:CME), which owns and operates the Chicago Board of Trade and Chicago Mercantile Exchange, said today it would cut 150 jobs, mainly in Chicago. On last trading day CME Group Inc. (NASDAQ:CME) decreased -0.68% to close at $79.31. Its volatility for the week is 2.81% while volatility for the month is 2.06%. CME's sales growth for past 5 years was 2.80% and its EPS growth for past 5 years was 3.70%. CME Group Inc. (NASDAQ:CME) monthly performance is -0.70%.The Board of Directors of J. C. Penney Company, Inc. (NYSE:JCP) announced the appointment of Marvin Ellison (pictured), currently executive vice president of stores at Home Depot, as President and CEO-Designee, effective November 1, 2014.J. C. Penney Company, Inc. (NYSE:JCP) has 0.50% insider ownership while its institutional ownership stands at 65.30%. In last trading activity company's stock closed at $7.09.Heico Corp (NYSE:HEI) was downgraded by Bank of America to an “underperform” rating in a research note issued on Friday. On Wednesday shares of HEICO Corporation (NYSE:HEI) closed at $50.56. Company's sales growth for last 5 years was 11.60% and EPS growth for next 5 years is recorded as 16.48%.
Discover Hidden Gems
Don't miss the next big opportunity. Subscribe for timely alerts on potential market movers.
