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Stock Market & Financial Investment News

News Breaks
May 21, 2014
08:07 EDTHARHarman to acquire AMX LLC for $365M
Harman announced it has signed an agreement with The Duchossois Group, Inc. and its affiliates to acquire AMX LLC for $365M. AMX is a provider of enterprise control and automation systems and audio and video switching and distributing solutions. The transaction is subject to customary closing conditions, including applicable regulatory approvals. AMX will be integrated into HARMANís Professional division.
News For HAR From The Last 14 Days
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February 8, 2016
18:30 EDTHARHarman and InterDigital partner to develop oneM2M compliant IoT solutions
Harman (HAR) has partnered with InterDigital (IDCC) to deliver a suite of oneM2M and 3GPP compliant end-to-end Internet of Things - IoT- solutions to the market, combining InterDigital's oneMPOWER IoT platform and Harman's IoT systems integration and service management. As part of the initial roll-out, HARMAN and InterDigital will be offering the oneMPOWER based IoT solution to companies in the smart infrastructure market.
January 29, 2016
07:25 EDTHARHarman selloff yesterday brings buying opportunity, says JPMorgan
JPMorgan analyst Ryan Brinkman calls the 13% post-earnings pullback yesterday in shares of Harman International an overreaction. The analyst expects growth in the company's core automotive infotainment operation to reaccelerate as soon as next quarter and for Harman to meet its FY16 outlook. Brinkman sees a buying opportunity at current share levels and keeps an Overweight rating on Harman. He cut his price target for the shares to $113 from $118.
January 28, 2016
08:04 EDTHARHarman CEO: On track to deliver full year plan
"I am pleased to announce our 11th consecutive quarter of top and bottom line growth. Our strong first half results were in-line with our expectations. While we are closely monitoring macroeconomic developments, at this time, we are on track to deliver on our full year plan," said Dinesh C. Paliwal, Harman (HAR) Chairman, President and CEO. "HARMAN continues to innovate and bring industry-first solutions to market. We are also partnering with key technology leaders such as Google (GOOG), Microsoft (MSFT) and Under Armour (UA) to capitalize on the opportunities presented by IoT for automotive, enterprise and consumer electronics. In addition, our acquisition of TowerSec will strengthen our cybersecurity leadership position for automotive."
08:03 EDTHARHarman reports Q2 EPS $1.84, consensus $1.72
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