It is unclear yet whether network equipment maker Cisco Systems’ decision to sack 4,000 people, or 5% of its global workforce, will affect its Irish operations.

Yahoo co-founder Jerry Yang is leaving the struggling internet company, as it tries to revive its revenue growth and win over disgruntled shareholders under a new leader.

STOCKS and interest rates tumbled yesterday as investors took a bleaker view of the US economy.

US investors cautiously bid stocks narrowly higher today, cheered by a recovering dollar and moderating oil prices.

Investor uncertainty pushed stocks lower on Wall Street today in volatile trading, with networker Cisco Systems’ tentative spending outlook hitting technology shares hard.