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Stock Market & Financial Investment News

News Breaks
April 9, 2014
10:16 EDTGTN, CTSH, IMGN, AXASHigh option volume stocks: IMGN GTN RDA AXAS CTSH
News For IMGN;GTN;AXAS;CTSH From The Last 14 Days
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July 2, 2015
12:00 EDTCTSHCognizant ability to offset Health Net loss a positive, says Wells Fargo
Wells Fargo notes that despite the loss of $100M in revenue in the second half of 2015 from the Health Net (HNT) master services agreement being put on hold during the Centene (CNC) merger review process, Cognizant (CTSH) reaffirmed its outlook today for 2015. Wells views the company's ability to offset the contract loss as a positive and says it remains comfortable with an Outperform rating on the stock.
09:36 EDTCTSHCognizant backs FY15 EPS view of at least $2.93, consensus $2.97
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09:33 EDTCTSHCognizant reaffirms 2015 view after Health Net agrees to be bought by Centene
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July 1, 2015
17:47 EDTGTNGray Television completes seven transactions including three acquisitions
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17:17 EDTGTNGray Television completes seven transactions including three acquisitions
Gray Television entered into four new transactions and closed all three of its previously announced acquisitions of leading television stations. Gray entered into agreements to acquire WFXS and certain non-license assets of KVTV. Gray entered into an agreement with Cordillera Communications to sell Gray's KBGF, the NBC affiliate for the Great Falls market, and KTVH, the NBC and CW affiliate for the Helena market. Gray has agreed to donate KMTF to Montana State University. Gray also closed all three of its previously announced station transactions: Gray acquired KOSA, affiliated with the CBS and MY Networks, KMVT, affiliated with the CBS and CW Networks, as well as KSVT, affiliated jointly with the FOX and MY Networks, and WAGM, affiliated with the CBS and FOX Networks. The net purchase price for the Wausau and Laredo transactions less the anticipated proceeds from the Montana dispositions is expected to be $20.0M. The Montana dispositions are expected to close in Q3. The purchase price for all seven separate transactions that Gray has announced in 2015 is $81.35M.
June 24, 2015
05:35 EDTCTSHCognizant announces strategic relationship with Escorts Limited
Cognizant announced a strategic relationship with Escorts Limited, one of India's engineering conglomerates, to modernize Escorts' technology landscape and help achieve the company's vision of digitally transforming its businesses to deliver innovative products, provide superior customer experience, and drive growth. This multi-year, multi-million dollar engagement spans all of Escort's businesses, including agri-machinery, material handling and construction equipment, railway equipment and auto components. Cognizant will enable Escorts to improve control and collaboration across its value chain by mobile-enabling its workforce and integrating multiple systems used by vendors, sales partners, and customers. This will help Escorts continuously improve product quality and offer a broad range of customized, configurable, and value-added products and services, strengthening existing customer relationships and building new ones.
June 22, 2015
09:01 EDTCTSHCognizant management to meet with JPMorgan
Meetings to be held in Berwyn/Princeton/Trenton on June 25 hosted by JPMorgan.

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