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Tag Archives: CGI

July 2 Market Close: GovCon Index, US Stocks Dip on Jobs Data Ahead of Weekend Greece Referendum

GovConIndexDOWN

The GovCon Index ended the final trading day of the week with a decline of 0.081 points to close at 74.719 as U.S. stocks also closed in slight negative territory. Health Net (NYSE: HNT) surged 10.01 percent after the Los Angeles-based managed health services provider announced it agreed to be purchased ...

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June 25 Market Close: GovCon Index Down, US Stocks Stutter on Biotech Losses

GovConIndexDOWN

The GovCon Index closed in negative territory for the third consecutive day Thursday with a loss of 0.264 points to end at 76.030. Losses in the transportation and biotechnology sector sent U.S. stocks slightly down Thursday and many investors attributed the trading activity and volume to uncertainty over negotiations between Greece and ...

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June 22: GovCon Index, US Stocks Gain on Investors’ Greek Hopes

GovConIndexUP

The GovCon Index started the trading week with a gain of 0.236 points to 77.146 as U.S. stocks gained on investor optimism over a potential resolution to Greece’s long-running debt negotiations. Market activity picked up after comments from Greek Prime Minister Alexis Tsipras that his country could be willing to ...

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June 12 Market Close: GovCon Index, US Stocks Fall on Greece Worries

GovConIndexDOWN

The GovCon Index lost ground after two consecutive days of gains with a loss of 0.407 points to close at 76.334 Friday. Investors continued to follow the debt negotiations between Greece and its creditors and showed concern over the lack of progress in the talks, Bloomberg reported. Market attention will shift ...

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June 10 Market Close: GovCon Index Rises 1%, Bank Gains Lift US Market

GovConIndexUP

The GovCon Index bounced back from a two-day stretch of losses Wednesday to record a gain of 1.675 percent — or 0.944 points — and close at 76.252. U.S. stocks rose with banks and financial stocks as among the drivers of Wednesday’s trading activity and investors also cheered news that Greece and ...

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June 9 Market Close: GovCon Index, US Stocks Trade in Narrow Range Ahead of Sales Reports

GovConIndexDOWN

The GovCon Index struggled for direction along with the larger U.S. stock market Friday as the index closed with a nominal loss of 0.170 points to 75.317. Declines in airline shares and a rise in financial stocks drove trading activity Friday as investors wait to see the customer sentiment and retail ...

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CGI to Repurchase 6M Class A Shares

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CGI Group has announced plans to buy back 5,940,000 shares of the Montreal-based company’s Class A common stock for cancellation from the open market by Feb. 10, 2016. The Toronto Stock Exchange authorized CGI to use a normal course issuer bid strategy to purchase its outstanding shares through private agreements, the ...

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Tim Hurlebaus Takes President Role at CGI Federal

Tim Hurlebaus

Tim Hurlebaus, former senior vice president of the national security and defense programs unit at CGI Federal (NYSE: GIB), has taken the role of president at the Montreal-based company’s federal services subsidiary. CGI has made no official announcement of the appointment but has updated its website to reflect Hurlebaus’ new position at the subsidiary. He succeeds James ...

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April 13 Market Close: GovCon Index Trades Lower, Retail Sales Figures Due

GovConIndexDOWN

The GovCon Index entered the first full week of earnings season for many blue chip companies with a loss of 0.468 points to 63.527. Investors also will watch the Tuesday release of figures on retail sales and the producer price index, as well as news from Greece on that country’s ...

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April 7 Market Close: GovCon Index Slips, Markets Await Fed Minutes

GovConIndexDOWN

The GovCon Index lost some ground from the previous day’s close Tuesday and recorded a loss of 0.254 points to close at 69.007 on Tuesday. Bloomberg reports U.S. investors have their collective eye on the Federal Reserve‘s scheduled Wednesday release of minutes from its March meeting and many economic analysts surveyed by ...

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