In this task, you are given a piece of an article. Your task is to generate a short summary of the text. Try to give the summary in just one sentence.

Ex Input:
Information technology giant Cisco announced Wednesday that it will cut 4,000 jobs, equal to five percent of its workforce.

Ex Output:
ITV is launching a channel aimed at women.

Ex Input:
So far this month, he's been named an honorary ''Friends and Family'' member of the Country Music Hall of Fame®️ and Museum and he's seen his single, ''Helluva Life'' go all the way to #1!

Ex Output:
Zywave Inc. has sold its insurance division.

Ex Input:
David Ross, former manager of Ross Asset Management, pleaded guilty to five charges laid by the Serious Fraud Office and three charges by the Financial Markets Authority in the Wellington District Court and has been remanded in custody.

Ex Output:
David Ross pleaded guilty to five charges and has been remanded in custody.