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Stock Market & Financial Investment News

News Breaks
June 11, 2013
10:39 EDTCSTR, NCRCoinstar advances after announcing sale of movie kiosks
Shares of Coinstar (CSTR) are advancing in a down market after the company disclosed that it had agreed to sell a number of its Blockbuster Express kiosks. WHAT'S NEW: Coinstar disclosed last night that its Redbox subsidiary had recently agreed to sell Blockbuster Express kiosks and related software and patents to undisclosed parties for about $17.9M. The deals, which should close within the next few months, should increase Coinstar's second quarter earnings per share by 62c-69c, the company added. Coinstar acquired more than 10,000 Blockbuster Express kiosks from NCR (NCR) in June 2012 for about $100M. WHAT'S NOTABLE: Coinstar announced in April that it had closed some Blockbuster Express kiosks and moved some Redbox movie kiosks to higher performing locations. The company's total number of movie kiosks, however, remained the same, the company added. PRICE ACTION: In mid-morning trading, Coinstar rose $1.40, or 2.4%, to $59.25.
News For CSTR;NCR From The Last 14 Days
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August 26, 2014
09:06 EDTNCRNCR announces partnership with Beanstalk Data
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August 19, 2014
08:06 EDTNCRNCR Corp. selected by GECU for digital and physical banking
GECU is bringing convenient, intuitive, and easy-to-use services across both its digital and physical channels through the innovative technology of NCR Corporation. GECU provides its members with online and mobile digital banking services from Digital Insight, an NCR company, while also installing NCR Interactive Teller in new neighborhood branches. GECU has agreed to renew Digital Insight’s suite of SaaS solutions including Online Banking, iOS and Android mobile and tablet banking, Remote Deposit Capture, FinanceWorks and Purchase Rewards.

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