Cisco said that its Chief Financial Officer Kelly Kramer plans to retire from the company, Cisco revealed during a quarterly earnings call with analysts and in an email to employees. During that report, Cisco also said its revenue dropped 9% for the period ended July 25 to $12.2 billion from $13.4 billion during the same period a year earlier. Net income swelled 19% to $2.6 billion, or 62 cents...
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The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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