With an aim to expand its reach in online software application segment, tech giant, International Business Machines Corp. (NYSE: IBM) has announced plans to acquire its smaller rival Kenexa Corp. (NYSE: KNXA) in an all cash deal estimated at $1.3 billion, representing a 42% premium over Friday’s closing price of Kenexa’s stock.
AOL Announces Buyback, Special Dividend; Shares Gain (AOL)
Shares of AOL Inc. (NYSE: AOL), a global Web services company, are gaining in trading today after the company announced a $600 million buyback of stock and a special cash dividend of $5.15 per share.
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Micro-Caps in Focus; Pristine Solutions Inc. (PRTN), Tactical Air Defense Services Inc. (TADF), Punchline Entertainment Inc. (PUNL)
Shares of Pristine Solutions Inc. (OTC: PRTN) are soaring in trading today.
Social Media Stocks on Watch; Zynga Inc. (ZNGA), Facebook Inc. (FB), Groupon Inc. (GRPN), LinkedIn Corp. (LNKD), Renren Inc. (RENN), SINA Corp.
Shares of Zynga Inc. (NASDAQ: ZNGA), a social gaming company engaged in the development, marketing and operation of online social games as live services played over the Internet and on social networking sites and mobile platforms, rose marginally in trading on Friday.
Aruba Shares Surge on Q4 Results (ARUN)
Shares of network equipment maker Aruba Networks Inc. (NASDAQ: ARUN) climbed by almost 15 % on Friday following the release of fiscal fourth-quarter results which saw both revenue and adjusted earnings beating Street analysts’ estimation.
Micro-Caps on the Move; Chimera Energy Corp. (CHMR), KMA Global Solutions International Inc. (KMAG), Abtech Holdings Inc. (ABHD)
Shares of Chimera Energy Corp. (OTC: CHMR), a supplier of equipment and components that are used in the exploration and production of oil and gas, are soaring in trading today.
Major Gainers and Losers in Trading on August 24; ARUN, ADSK, MCRS, SSYS, WPI, SEB, BKH, HEI
Shares of Aruba Networks Inc. (NASDAQ: ARUN), a communications services company connecting local and remote users to corporate information technology resources via distributed enterprise networks, surged in trading today.
H&E Equipment Services Director Buys 10,000 Shares (HEES)
H&E Equipment Services Inc. (NASDAQ: HEES) director Paul Arnold bought 10,000 shares of HEES common stock earlier this week, according to a filing.
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Hain Celestial Shares Surge on Q4 Results (HAIN)
Manufacturer and distributor of natural and organic products, Hain Celestial Group Inc (NASDAQ: HAIN) reported that its fiscal fourth-quarter earnings soared 82% thanks to increasing sales of its products, including some highly profitable acquisitions.
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Bill Ackman Urges General Growth Properties to Consider Sale of Company (GGP, BAM, SGP)
General Growth Properties Inc. (NYSE: GGP) shares surged on Thursday after Pershing Square Capital Management’s Bill Ackman urged the company to consider a sale. Ackman’s Pershing Square owns approximately 10.2% of GGP.