Ciena ( CIEN) is scheduled to report fiscal third-quarter results before Thursday's opening bell and analysts expect a loss of 2 cents a share in the July-ended quarter from the optical networker on revenue of $473.9 million.
TiVo ( TIVO), the digital video-recording technology company, reported a narrower second-quarter loss on Wednesday as it gained 23,000 subscribers for the quarter ended in July. TiVo said it expects fiscal third-quarter revenue from service and technology to range from $57 million to $59 million. Analysts are forecasting $57 million. Why It May Be Time to Sell Amazon
Sears Holdings ( SHLD) is being removed from the S&P 500. The struggling department store retailer will be nixed from the index after the close of trading on Sept. 4, replaced by LyondellBasell Industries ( LYB).
British bank Barclays ( BCS) named Antony Jenkins, head of its retail and business banking operations, as its new CEO. He replaces Bob Diamond, who resigned in the wake of the Libor rate-fixing scandal. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel