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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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February 25, 2015
08:11 EDTNCRNCR Corp. selected by TEDi for POS solutions
NCR announced it will provide European discount retailer TEDi with point-of-sale solutions to improve customer service and drive sales. Up to 1,000 NCR RealPOS 50 systems will be deployed at TEDiís approximately 1,400 stores across Germany, Austria, Slovenia, Slovakia and The Netherlands in the next two years. Four hundred units have already been delivered to TEDi stores.

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