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Stocks to Watch for 6/14/11: Fresh 52-Week Highs and Lows
Tuesday, June 14, 2011 - 4:15am | 2234The following stocks hit new 52-week highs in Monday's trading session: 1) Greif (NYSE: GEF): Shares of Greif hit a 52-week high of $67.36 in Monday's trading session. The stock closed at $67.04. The year-to-date performance of Greif has been a gain of 9%. 2) Raptor Pharmaceutical (NASDAQ: RPTP...
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NASDAQ Stocks Hitting 52-Week Highs
Monday, June 13, 2011 - 10:09am | 176EMS Technologies Inc (NASDAQ: ELMG) shares rose 32.30% to create a new 52-week high of $32.81. Honeywell International Inc (NYSE: HON) announced its plans to buy EMS Technologies for around $491 million. Ness Technologies Inc (NASDAQ: NSTC) shares gained 14.22% to create a new 52-week high of $7....
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Ness Technologies Trading over 13% Higher After Merger Agreement
Monday, June 13, 2011 - 9:36am | 66Ness Technologies (NASDAQ: NSTC) announced today that the company has entered into a definitive merger agreement under which an affiliate of Citi Venture Capital International, a global private equity investment fund, will acquire the company in an all-cash transaction valued at approximately $307...
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Jefferies Reiterates Buy and PT of $20 on SAIC
Monday, June 13, 2011 - 9:15am | 101Jefferies reiterated its Buy rating on SAIC (NYSE: SAI). At the same time, Jefferies left its price target on the company's stock unchanged at $20 after a meeting with the company's management. In a research report published today, Jefferies states, "After several days of investor meetings with...
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Ness Surges In Pre-Market Trading On Acquisition Agreement
Monday, June 13, 2011 - 8:38am | 112Shares of Ness Technologies Inc (NASDAQ: NSTC) advanced more than 13% in the pre-market session after NSTC agreed to be purchased by an affiliate of Citigroup Inc's (NYSE: C) venture capital arm for $307 million in cash. Under the deal, the shareholders of Ness will receive $7.75 per share for...
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Benzinga's Top Pre-Market NASDAQ Gainers
Monday, June 13, 2011 - 8:10am | 150Ness Technologies Inc (NASDAQ: NSTC) shares advanced 12.72% to $7.53 in the pre-market session. NSTC agreed to be purchased by an affiliate of Citigroup Inc's (NYSE: C) venture capital arm for $307 million in cash. A123 Systems Inc (NASDAQ: AONE) shares advanced 7.96% to $4.88 in the pre-market...
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SAIC Completes Sale of its Global Oil and Gas IT Services Business to Wipro
Monday, June 13, 2011 - 7:51am | 117Science Applications International Corporation (NYSE: SAI) announced today it has completed the sale of its operations focused on providing specialized information technology services to oil and gas companies to Wipro Ltd. (NYSE: WIT). The operations sold include SAIC's U.S.-based oil and gas IT...
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Ness Technologies to be Acquired by an Affiliate of CVCI
Friday, June 10, 2011 - 4:30pm | 120Ness Technologies, Inc. (NASDAQ: NSTC) announced today that the company has entered into a definitive merger agreement under which an affiliate of Citi Venture Capital International (CVCI), a global private equity investment fund, will acquire the company in an all-cash transaction valued at...
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Top 4 Mid-Cap Stocks In The Internet Software & Services Industry With The Highest ROE
Friday, June 10, 2011 - 12:56am | 134Below are the top mid-cap internet software & services stocks on the NYSE and the NASDAQ in terms of return on equity. The trailing-twelve-month return on equity at NetEase.com Inc (NASDAQ: NTES) is 27.33%. NTES' PEG ratio is 0.75. The trailing-twelve-month return on equity at CGI Group Inc (...
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Infosys Buys Software Solutions Business Of Gen-I
Wednesday, June 8, 2011 - 4:38am | 102Infosys Technologies Limited (NASDAQ: INFY), India's second-biggest software services exporter, reported that its Australia and New Zealand unit has acquired the software solutions business of Gen-I for an undisclosed amount. Infosys reported that it will take over 110 employees and contractors...
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CGI Announces $50 Million Contract With University Health Network
Tuesday, June 7, 2011 - 8:34am | 167CGI Group (NYSE: GIB) today announced it has a seven-year, $50 million contract with University Health Network, Toronto, Ontario. This announcement follows yesterday's eHealth Ontario and Canada Health Infoway's announcement of this transformational project that will see CGI design, build and...
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Benzinga's Top Pre-Market NASDAQ Gainers
Tuesday, June 7, 2011 - 8:15am | 139ASML Holding NV (NASDAQ: ASML) shares advanced 2.61% to $38.91 in the pre-market session. ASML's trailing-twelve-month ROE is 53.86%. ARM Holdings plc (NASDAQ: ARMH) shares advanced 2.13% to $28.81 in the pre-market session. ARMH had $458.53 million in total cash and no debt for the latest quarter...
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CoaLogix' SCR-Tech Awarded the World's First Contract for Regenerated Catalyst for a New Coal-Fired SCR System
Monday, June 6, 2011 - 9:47am | 186CoaLogix Inc. (NASDAQ: ACFN) announced today that its subsidiary, SCR-Tech, LLC, has received the first contract ever awarded for supplying regenerated catalyst for the initial loading for a new SCR installation from a utility customer. SCR catalyst is used to reduce nitrogen-oxides in coal-fired...
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UPDATE: Piper Jaffray Downgrades Telvent to Neutral
Monday, June 6, 2011 - 7:49am | 130Piper Jaffray is out with its report today on Telvent (NASDAQ: TLVT), downgrading TLVT from Overweight to Neutral. In a note to clients, Piper Jaffray writes, "We are lowering our investment rating on TLVT shares from Overweight to Neutral following Schneider Electric's takeout offer at $40/share...
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Piper Jaffray Downgrades Telvent To Neutral, $40 PT
Monday, June 6, 2011 - 6:05am | 24Piper Jaffray has downgraded Telvent (NASDAQ: TLVT) from Overweight to Neutral and maintains its $40 price target.