csco

Here is a recap of the top news items from this week on Wall Street: 1. On Wednesday the Fed left interest rates unchanged, but indicated they would be reinvesting principal payments from agency debt and agency mortgage-backed securities in longer-term Treasury securities.

Effectively, the Fed has been given the flexibility to purchase treasuries as inflation has trended lower in recent quarters and will "be subdued for some time." Stocks fell sharply from Monday to Wednesday and remained depressed during the last two trading sessions of this week as volume was very light. 2.

• Cisco (NASDAQ: CSCO) announced its intent to acquire privately held ScanSafe, Inc. Based in London and San Francisco, ScanSafe is a market leader of software-as-a-service (SaaS) Web security solutions for organizations ranging from global enterprises to small businesses.
  
  Under the terms of the agreement, Cisco will pay approximately $183 million in cash and retention-based incentives.
  
  The acquisition is subject to various standard closing conditions and is expected to close in the second quarter of Cisco's fiscal year 2010.