Tag Archive: investrend research

Intelenet Buys Back-Office Operations Of FirstGroup

March 21, 2010 (FinancialWire) Intelenet bought FirstInfo, back office operations of the UK based transport company FirstGroup. The deal is estimated to be worth 45 million. With this acquisition, Intelenet will provide ticket issuing, customer management, and back-office processing across…

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RR Donnelley Wins $375 Million Contract From Cengage Learning

March 21, 2010 (FinancialWire) RR Donnelley (NASDAQ: RRD) won multi-year outsourcing contract from Cengage Learning. As per the contract, RR Donnelley will provide on demand printing, graphic management services, packaging, college textbook printing, and other services. The deal is estimated…

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Accenture Wins IT Outsourcing Contract From HMRC

March 21, 2010 (FinancialWire) Accenture (NYSE ACN) won IT outsourcing contract from the UK tax authority, HM Revenue & Customs (HMRC). The deal is estimated to be worth 10 million. As per the contract, Accenture will provide new IT strategy…

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TCS Wins Outsourcing Contracts From Malaysia Airlines And UK Government

March 21, 2010 (FinancialWire) Tata Communications (NYSE: TCL) won a five-year IT outsourcing contract from Malaysia Airlines. As per the contract, TCS will provide IT services to the airline. In another deal, TCS won a ten-year IT and BPO contract…

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Mahindra Satyam Wins $48 Million IT Outsourcing Contract From KMD

March 21, 2010 (FinancialWire) Mahindra Satyam (OTC: MAHDY) won a four-year extension of an IT outsourcing contract from Denmark based IT company, KMD. The deal is estimate to be around $48 million. As per the contract, Mahindra Satyam will continue…

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Genpact Wins IT Outsourcing Contract From Bengal Aerotropolis Projects

March 21, 2010 (FinancialWire) Genpact (NYSE: G) won a five-year IT outsourcing contract from Bengal Aerotropolis Projects (BAP). As per the deal, Genpact will provide IT application and infrastructure services model, and design and implement pay-as-you-go business platform. With this…

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Patni Computer Systems Opens New Center

March 21, 2010 (FinancialWire) Patni Computer Systems (NYSE: PTI) opened a new center in Texas and Mexico to provide services to customers based in North America and Latin America. The Texas center will specialize on financial services, insurance, technical support…

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Toro Declares 18 Cent Dividend

March 21, 2010 (FinancialWire) The Toro Co.s (NYSE: TTC) board of directors has declared a regular quarterly cash dividend of 18 cents per share. This dividend is payable on April 12, 2010 to shareholders of record on March 29, 2010.…

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Host Hotels Declares Common, Preferred Share Dividends

March 21, 2010 (FinancialWire) Host Hotels & Resorts, Inc.s (NYSE: HST) board of directors authorized a regular quarterly cash dividend of $0.01 per share on the company’s common stock. The dividend is payable on April 15, 2010 to stockholders of…

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First American Names CEO, CFO For Information Solutions Group

March 21, 2010 (FinancialWire) The First American Corp. (NYSE: FAF) has appointed Anand K. Nallathambi as chief executive officer and Buddy Piszel as chief financial officer of the company’s Information Solutions Group.

Nallathambi, who was appointed president and chief operating…

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Robinson Named To Lumber Liquidators Board

March 21, 2010 (FinancialWire) Lumber Liquidators (NYSE: LL), a specialty retailer of hardwood flooring in the U.S., has expanded its board of directors from seven to eight members and the appointment of Peter B. Robinson as a Class II director…

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Vellucci Named North American Components President At Arrow Electronics

March 21, 2010 (FinancialWire) Arrow Electronics, Inc., (NYSE: ARW) has named Vinnie Vellucci as president of Arrow North American Components effective immediately.

He will report to Peter Kong, president, Arrow Global Components. Arrow NAC provides electronic components, services and solutions…

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NexMed Raises $1.4 Million From Mortgage Refinancing

March 21, 2010 (FinancialWire) NexMed, Inc. (NASDAQ: NEXM) said that it raised $1.4 million in gross proceeds from refinancing the mortgage on its manufacturing facility in New Jersey.

According to the company, the mortgage secures the issuance of new convertible…

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Biomoda Eyes Private Placement

March 21, 2010 (FinancialWire) Cancer diagnostics firm Biomoda, Inc. (OTCBB: BMOD) said that it has entered into agreements with a syndicate of institutional investors for up to $2 million.

The companys CyPath diagnostic assay, which binds to cancer cells and…

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Mead Johnson Ups Dividend, Authorizes $300 Million Buyback

March 21, 2010 (FinancialWire) Mead Johnson Nutrition Co. (NYSE: MJN) said that its board of directors had approved a 12.5 percent increase in its common stock dividend and authorized the repurchase of up to $300 million of the companys common…

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March 21, 2010 (FinancialWire) Ball Corp. (NYSE: BLL) plans to launch a public offering of around $450 million of senior notes due in 2020.

The company plans to use the net proceeds from the offering, together with borrowings under its…

LodgeNet Prices 2.16 Million Common Shares

March 21, 2010 (FinancialWire) LodgeNet Interactive Corp. (NASDAQ: LNET) has priced a public offering of 2.16 million shares of its common stock at a price of $6 per share. Craig-Hallum Capital Group, LLC acted as underwriter for the offering.

The…

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ProLogis Sells $460 Million Of Senior Notes

March 21, 2010 (FinancialWire) ProLogis (NYSE: PLD), a provider of distribution facilities, has closed its offering of fixed-rate and convertible senior notes priced on March 9, 2010. Additionally, on March 12, the underwriters exercised their $60 million over-allotment option, bringing…

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March 21, 2010 (FinancialWire) Sonoco (NYSE: SON) said it will increase prices for molded wood plugs by seven percent effective on shipments as of April 15.

The company said that, using 2005 as a baseline, lumber output in the United…

Culross Named CFO Of Paid

March 21, 2010 (FinancialWire) Paid, Inc. (OTCBB: PAYD) has named Christopher Culross as the companys chief financial officer to replace Cofounder Richard Rotman in the CFO role. Rotman will retain his role as chief operating officer and will play a…

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