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Stock Market & Financial Investment News

News Breaks
February 1, 2013
09:15 EDTCUBCubic names William W. Boyle CEO
Cubic announced that its board named William W. Boyle as CEO. Boyle, formerly the executive vice president and CFO, had also been serving as interim president and CEO since the passing of the company's founder and former CEO, Walter J. Zable, in June 2012. Boyle joined Cubic as CFO in 1983.
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June 7, 2013
11:47 EDTCUBCubic in talks to acquire Transport Solutions Business of Serco
Cubic Corporation announced it is in discussions to acquire Serco's Transport Solutions business, which provides Traffic Management Systems technology, Traffic and Road Enforcement and the maintenance of traffic signals, emergency equipment and other critical road and tunnel infrastructure. Cubic said it believes the business has excellent specialist knowledge and capability in the enforcement, road and traffic markets. Cubic and Serco have not entered a final and binding agreement, the company said. In the event that such an agreement is reached, it is Cubic's intention to integrate the business into its Transportation Systems division, it added.

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