CNN Erin Burnett OutFront August 15, 2013 03:27:00
Front lines. i want to begin with cisco. the biggest maker of networking equipment for the web, cisco says it is laying off 5% of the workforce. sales came in well short of expectations. it's global economic well bellwether. shares of cisco are falling as much as ten percent after the stock market close. the ceo of the company says that cisco, quote, isn't growing as fast as we need. outfront learned prosecutors have offered katlyn hunt a new plea deal. she was an 18-year-old florida teenager charged with having sex with a 14-year-old girl. the deal still includes a felony charge. but it mea...
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