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Amdocs Buying Canada’s Bridgewater Systems for $214 million
Publish Date : 6/17/2011 9:22:00 AM
Amdocs Limited (NYSE: DOX) a market leader in customer experience systems innovation, has entered into a definitive agreement to acquire a definitive agreement to acquire Bridgewater System in a deal valued at $214 million (C$211 million).
Oracle Seeks “Billions of Dollars” in Lawsuit against Google
Publish Date : 6/17/2011 7:45:00 AM
Oracle Corp. (Nasdaq: ORCL) is seeking billions of dollars in damages as part of its litigation with Google Inc. (Nasdaq: GOOG) related to patent and copyright-infringement of Oracle’s intellectual property in its Android mobile phone software, according to a court filing.
SEC Could File Civil Fraud Charges against Some Credit-Rating Agencies: Reports
Publish Date : 6/17/2011 7:05:00 AM
The US regulatory authority is planning to file civil frauds charges against some of the credit-rating agencies or their role in developing mortgage-bond deals that helped bring about the financial crisis, the Wall Street Journal reported, citing people familiar with the matter.
Toyota to Return to Full Production by September, Citing Progress in Quake Recovery
Publish Date : 6/17/2011 6:15:00 AM
Toyota said late Thursday that it expects to return to full North American production in September, faster than it expected following parts shortages stemming from the March earthquake and tsunami in Japan.
Capital One to Acquire ING Direct for $9 Billion
Publish Date : 6/17/2011 5:26:00 AM
Capital One Financial Corp. (NYSE: COF), the credit card lender, said that it has agreed to acquire ING Groep NV’s US online bank for $9 billion to gain deposits and access to 7 million customers.
Sears, BJ’s leads Retail Sector Higher
Publish Date : 6/17/2011 1:52:00 AM
The retail sector rose Friday led the rise in stock prices of Sears Holdings Corp. (Nasdaq: SHLD) and BJ’s Wholesale Club Inc. (NYSE: BJ).
Post Market Earning Scan: RIMM, CFI, JRJC
Publish Date : 6/16/2011 5:00:00 PM
Few companies reported their quarterly earnings after the US market closed Thursday’s trading on a mixed note. No major companies are scheduled to report their earnings tomorrow. Some notable earners are discussed here.
DB Expects Stable Market for Life Insurers
Publish Date : 6/16/2011 3:00:00 PM
Deutsche Bank analysts believe that the life insurance industry have stronger capital positions today compared to the period during 2008 global financial crisis. They state that statutory capital, RBC ratios and excess capital are marginally higher for most insurers.
DB Reiterates Hold Rating on Arcelor Mittal
Publish Date : 6/16/2011 2:50:00 PM
Analysts at Deutsche Bank maintained Hold rating on the shares of Arcelor Mittal (NYSE: MT) as the latter projected to grow 70 percent to 100 million tons by 2015. They set a price target of $38.50 for the stock.
DB Retains Buy Rating on Black & Decker
Publish Date : 6/16/2011 2:30:00 PM
Analysts at Deutsche Bank reiterated Buy rating on the shares of Stanley Black & Decker, Inc. (NYSE: SWK) as the latter’s management noted that they are interested in spending cash that is trapped overseas through European mergers and acquisitions. They set a price target of $90 for the stock.

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