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Cisco cuts 1,100 jobs as earnings disappoint

Network equipment maker Cisco Systems said Wednesday it was cutting 1,100 jobs after reporting weaker-than-expected financial results in the past quarter. Following the announcement, Cisco shares slumped more than five percent in after-hours trading. Cisco — which last year said it would eliminate around seven percent of its workforce or …

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FNB extends free Wi-Fi access at branches

FNB announced on Monday that the number of branches with active free Wi-Fi connection reached 383 as of February as the bank continues to offer free internet connectivity to customers in its branches. Over the years FNB has moved to digitise its branches and offer the option of transacting via …

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SpaceX plans regular rocket launches

Space Exploration Technologies Corp, better known as SpaceX, plans to launch its Falcon 9 rockets every two to three weeks, its fastest rate since starting launches in 2010, once a new launch pad is put into service in Florida next week, the company’s president told Reuters on Monday. The ambitious …

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