Fairholme Seeks Fannie, Freddie Insurance Business

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Nov. 14 (Bloomberg) -- In "Company News," Bloomberg's Scarlet Fu reports on the top stories of the day. She speaks on Bloomberg Television's "Bloomberg Surveillance.”

Thursday morning.

We have late news from yesterday.

Cisco, the turnaround plan is sputtering.

The first quarterly sales decline in four years.

This is because of lower spending by phone companies and customers in emerging markets.

Analysts were forecasting sales growth of four percent.

Cisco shares currently down more than 10%. their home capital wants to buy the insurance business of fannie mae and freddie mac.

-- their home -- fairhome.

Goldman sachs naming its new class of managing her's. the firm is promoting 280 employees am a which is up five percent from last year.

For securities division had the most.

20% of the new managing director errors are women.

Talking about big banks, any much a social media stunt that

This text has been automatically generated. It may not be 100% accurate.

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