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Global Payments, Inc. Projecting In-Line Results
Monday, October 4, 2010 - 9:42am | 85Global Payments, Inc (NYSE: GPN) will report Q1:11 results October 11th. Revenue is expected $22 Million higher then consensus due to a 6% increase in growth and local currently. In a research report Morgan Keegan writes, "GPN will report Q1:11 results on October 11th: Expect Revenue of $432m vs. $...
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Barron's "Catch Up" List
Monday, October 4, 2010 - 8:35am | 599The stock market is still climbing a wall of worry greased with lies, according to Barron's. For anyone owning stocks this may come as comforting, however the staggeringly high number of takeover rumors looming may also provide some caution. According to Barron's "September's Standard & Poor...
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CSC Wins Three Technical Areas in Social Security Administration's $2.8 Billion IDIQ Contract
Monday, October 4, 2010 - 8:34am | 97CSC (NYSE: CSC) announced today that it is one of four firms to be awarded a $2.8 billion Information Technology Support Services indefinite-delivery/indefinite-quantity (IDIQ) contract by the Social Security Administration (SSA). The IDIQ contract, which was awarded during CSC's fiscal 2011 second...
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TNS, Inc. Closes Acquisition of Cequint, Inc.
Monday, October 4, 2010 - 8:18am | 93TNS, Inc. (NYSE: TNS)completed its acquisition of Cequint, Inc., The purchase price included an initial payment of $49.3 million, consisting of $46.5 million in cash and $2.8 million in TNS stock issued to certain Cequint executives. TNS expects the transaction to add approximately $2 million in...
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TNS, Inc. Closes Acquisition of Cequint, Inc.
Monday, October 4, 2010 - 8:15am | 93TNS, Inc. (NYSE: TNS)completed its acquisition of Cequint, Inc., The purchase price included an initial payment of $49.3 million, consisting of $46.5 million in cash and $2.8 million in TNS stock issued to certain Cequint executives. TNS expects the transaction to add approximately $2 million in...
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CSC Acquires Vulnerability Research Labs
Monday, October 4, 2010 - 8:06am | 115CSC (NYSE: CSC) today announced that it has acquired the business of Vulnerability Research Labs (VRL), a privately held cyber threat intelligence firm. The acquisition enables CSC to enhance its cybersecurity support to public and commercial enterprises around the world by strengthening its...
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VeriFone Acquires Majority Ownership of ABS
Monday, October 4, 2010 - 8:01am | 79VeriFone Systems, Inc. (NYSE: PAY) today announced it has acquired an 80 percent ownership of Italy integrator and software developer All Business Solutions from ABS' founders and from ACI Informatica, which will retain a minority ownership share. Financial terms were not disclosed. Building on...
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Aon Corporation Closes Deal With HEW
Monday, October 4, 2010 - 8:01am | 122Citigroup has published a research report for Aon Corporation (NYSE: AON) following the completion of the Hewitt Associates (NYSE: HEW) deal. In the report, Citigroup writes "AON completed the merger with HEW on October 1 — The transaction valued HEW at $4.9B and consisted of 50/50 cash ($25.61/shr...
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Merger Arbitrage Mondays – October 04, 2010
Monday, October 4, 2010 - 2:10am | 4782Merger activity slid a little with “just” six new deals announced and eleven deals closing as it was the end of the third quarter. Deal Statistics: Total Number of Deals Closed in 2010 81 Total Number of Deals That Did Not Complete in 2010 5 Total Number of Pending Deals Cash Deals 50...
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Market Potentially at a Turning Point 10-01-2010
Friday, October 1, 2010 - 6:40pm | 798Cusick's Corner This market is potentially at a turning point. I think that resistance looks ready to mount up some momentum in front of this busy week. At this stage the market has not been able to advance with the conviction that it had been showing off since the August lows. If you are still...
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China Ming Yang Wind Power Announces IPO Pricing
Friday, October 1, 2010 - 8:23am | 112China Ming Yang Wind Power Group Ltd (NYSE: MY) has announced the pricing of its initial public offering today. The company has priced its IPO at $14 per American Depositary Share (ADS). The IPO has been priced at the bottom of its estimated range of $14-$16 per share. MY offered 25 million shares...
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S&Ps Up 9% in September 09-30-2010
Thursday, September 30, 2010 - 7:39pm | 817Cusick's Corner What a trading range today, 1133-1155 on the DEC S&P e-minis. It looks like some market players are taking an opportunity to buy some protection after the best September in over 7 decades (9% increase in the S&P this month)! One notable trade was in DELL where the November...
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3 Biggest Gainers On The NYSE Today (HYC, CCSC, BORN)
Thursday, September 30, 2010 - 5:51pm | 148Three stocks moved sharply today, despite weakness in the broader market averages. Shares of Hypercom Corporation (NYSE: HYC) jumped 53.6% today on news that the company received a hostile bid from Verifone (NYSE: PAY). Other bidders are seen as emerging for Hypercom, indicating the rise in shares...
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CSC Participates in Department of Homeland Security Exercise
Thursday, September 30, 2010 - 4:21pm | 123CSC (NYSE: CSC) today announced its participation in the Department of Homeland Security (DHS) as a full player during Cyber Storm III, the department's biennial event representing the U.S.'s most extensive cybersecurity exercise. The exercise is taking place September 28-30, 2010. The goal of...
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Asentinel Initiates Patent Infringement Lawsuit against AnchoPoint
Thursday, September 30, 2010 - 2:01pm | 142Asentinel, LLC announced it has filed a patent infringement complaint against AnchorPoint, a division of MTS; Cass Information Systems, Inc. (NASDAQ: CASS); and Veramark Technologies Inc. (VERA). The complaint seeks damages and injunctive relief for infringement of Asentinel's telecommunications...