DirecTV Braces For Intel Competition and 4 Stocks At 52-Week Highs
DIRECTV (NASDAQ:DTV): Closing price $56.86
Intel Corporation (NASDAQ:INTC) is moving forward in discussions with Time Warner (NYSE:TWX), NBC Universal (NASDAQ:CMCSA), and Viacom (NYSE:VIA) to obtain television shows and films for its online pay-TV service, report knowledgeable sources to Bloomberg, who said that Intel is negotiating financial terms with the firms and the broad outlines have already been agreed upon. Shares closed up 2.01 percent on Tuesday at $56.86, and have been traded in a 52-week range of $42.87 to $56.48.
EDAC Technologies Corporation (NASDAQ:EDAC): Closing price $17.73
EDAC and Greenbriar Equity Group said that GB Aero Engine Merger Sub has begun the previously-announced tender offer for all of the outstanding shares of common stock of the company at a price of $17.75 per share, net to the seller in cash without interest. GB Aero Engine Merger Sub and its parent company, GB Aero Engine, are affiliated with Greenbriar. EDAC’s board unanimously recommends that shareholders adopt the merger agreement. The tender offer and withdrawal rights are scheduled to expire at midnight, Eastern time, on April 23, unless extended or earlier terminated in accordance with the terms of the merger agreement. Shares closed up 0.28 percent on the day at $17.73, having been traded in a 52-week range of $9.51 to $17.71.
Fiserv (NASDAQ:FISV): Closing price $86.52
Fiserv has formed a partnership with the Romanian solution integrator, Eutron Invest Romania, to supply the entire Cash and Logistics solution portfolio from Fiserv to the Romanian market. The solution portfolio will primarily concentrate upon the Integrated Currency Manager cash management system, Device Manager and CorPoint, the end-to-end cash management system for retailers, but will also cover the full spectrum of cash and logistics requirements. Shares closed up 0.95 percent on Tuesday at $86.52, and have been traded in a 52-week range of $64.48 to $86.65.
Jacobs Engineering Group (NYSE:JEC): Closing price $55.31
Jacobs has won a contract from Sanofi Pasteur to supply detail engineering services for the expansion and refurbishment of its flu vaccine facility in Ocoyoacac, Mexico. Officials did not divulge the contract value, but did note that this is the second phase of the Aguila Project; the first phase having been conducted in 2010 by Jacobs’ offices in Lyon and Mexico D.F. Jacobs is completing this detail engineering phase of the project from its Mexico operations. The overall aim of the project is to raise plant output capacity. Shares closed up 1.84 percent on Tuesday at $55.31, and have been traded in a 52-week range of $33.61 to $55.00.
Johnson & Johnson (NYSE:JNJ): Closing price $80.85
More than one United States Supreme Court justices appeared skeptical regarding the practice of brand name pharmaceutical firms paying generic companies to keep their cheaper drugs from the market for a longer time, says The New York Times, adding that a few of the justices seemed interested in issuing a narrow ruling that would not create a precedent. Shares closed up 1.47 percent on the day at $80.85, having been traded in a 52-week range of $61.71 to $79.94.
Don’t Miss: What Happens in an Internet Minute?