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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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September 17, 2014
08:09 EDTNCRNCR Corp. selected by Foster's Food Fair - IGA for software solutions
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September 9, 2014
15:32 EDTNCRNCR Corp. to help industries integrate Apple Pay
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