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Stock Market & Financial Investment News

News Breaks
March 18, 2014
11:24 EDTKKD, PAY, GOGO, EBIX, DMNDOptions with decreasing implied volatility: KKD PAY GOGO EBIX DMND
News For KKD;PAY;GOGO;EBIX;DMND From The Last 14 Days
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September 2, 2014
07:33 EDTEBIXEbix purchases new buildings in India
Ebix announced that it has completed the purchase of two new buildings in Noida, India, in the Export Processing Zone of the Govt. of India. The company paid for the purchase using its own cash reserves in June. The company also announced that it has received a 100 percent tax-exempt status for these new buildings, until 2019, under the Software Export Zone, or SEZ, Act of the Govt. of India, after which the company is entitled to a 50% tax-free status in India until 2024. With this new purchase, the company now has a total of 10 offices in India spread across Noida, Chennai, Coimbatore, Nagpur, Hyderabad and Bangalore. Ebix presently employs in excess of 1,200 employees in India. These buildings will facilitate the Company's near- and long-term growth and acquisition plans and the associated need for offshore development and BPO resources.
August 29, 2014
10:55 EDTPAYVeriFone September volatility elevated into Q3 and outlook
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August 28, 2014
09:37 EDTPAYActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR FB TSLA C DRYS NFLX YHOO PAY AMZN
August 26, 2014
12:59 EDTGOGOAeromexico commits to Gogo's in-flight connectivity technology, 2Ku
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August 25, 2014
07:32 EDTEBIXEbix intends to repurchase $80M of shares over next 12 months
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06:24 EDTKKDKrispy Kreme comps decelerating but due to new store ramps, says Longbow
Longbow's contacts indicate Krispy Kreme's Q2 same-store sales comps were up 1%-1.5% vs. Q1's 3.5%-4.5% range. The firm said the deceleration is due to new franchised store builds which should result in top and bottom line growth in the coming years. Shares are Buy rated with a $26 price target.
August 21, 2014
14:11 EDTGOGOGogo advances after blog discusses takeover speculation
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13:44 EDTGOGOVerizon could be interested in Gogo spectrum, says Wells Fargo
Wells Fargo notes trade publication Runway Girl Network posted an article about Verizon's (VZ) potential interest in Gogo. Wells calls the article's argument that aviation broadband is an extension of terrestrial broadband and could be complement Verizon's wireless service "logical," and says Verizon could also be interested in Gogo's spectrum. Wells sees compelling arguments against Verizon being interested in Gogo, but notes that at current valuations, Verizon could acquire Gogo close to the value of the underlying spectrum and get the business for free, which the firm says "isn't a bad trade." Wells has a Market Perform rating on Gogo.
09:36 EDTGOGOGogo strength attributed to takeover speculation in blog post
The early move higher in shares of Gogo (GOGO) is being attributed to a blog post from Runway Girl Network. The post stated, "Wall Street is now buzzing that Verizon might be studying a potential joint venture, acquisition or partnership with Row 44 competitor, Gogo." Shares of Gogo are up 3% to $17.36 in pre-market trading. Reference Link
August 20, 2014
07:45 EDTEBIXEbix announces new headquarters, building purchase in Johns Creek Park
Ebix announced that it has purchased property in Johns Creek Technology Park which will serve as the company's new headquarters and corporate campus. Ebix purchased 11.6 acres of land and 100,000 sq. ft. of office space for $12.5M. As announced earlier, the company paid for the purchase using its own cash reserves in June. The company hopes to achieve cost and operational efficiencies while moving a few of its 25 offices into this one location while integrating multiple Atlanta offices into this prospective world-class campus. The company intends to do so, while creating a world-class work environment and facility that can serve as a showcase for presenting all its products and services under one roof. Johns Creek Technology Park, located in Fulton Co. and central to the city's business environment, is a master-planned, mixed use 1,900-acre community and home to leading technology-focused businesses and several Fortune 500 companies.

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