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Tag Archives: financial report

May 26 Market Close: GovCon Index, US Stocks Fall After Durable Good Report’s Release

GovConIndexDOWN

The GovCon Index recorded a sharp decline Monday with a loss of 1.184 percent to close at 74.199 on a day that saw Engility Holdings (NYSE: EGL) and Serco Inc. as the only Index companies to end the day in positive territory. U.S. markets traded lower Monday after the Commerce Department said ...

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May 22 Market Close: GovCon Index Continues Slide, Market Examines Inflation Report

GovConIndexDOWN

The GovCon Index extended its decline for the second consecutive day Friday with a loss of 0.328 points to close at 75.067. Harris Corp. (NYSE: HRS) and Exelis (NYSE: XLS) both jumped 1 percent after the companies announced Harris’ acquisition of Exelis is scheduled to close May 29 after the deal received approval from ...

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Exelis Shareholders OK Harris’ Acquisition Offer, DOJ Clears Transaction

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Harris Corp.’s (NYSE: HRS) pending acquisition of Exelis (NYSE: XLS) for almost $4.75 billion in cash and stock has moved forward after Exelis’ shareholders voted to approve the transaction and the Justice Department cleared the deal under antitrust law. Exelis said Friday both companies expect the transaction to close May 29, pending other closing ...

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May 21 Market Close: GovCon Index Dips, US Stocks Rise on Uneven Economic Reports

GovConIndexDOWN

The GovCon Index closed with an even mix of gainers and laggers for Thursday’s trading session to record a loss of 0.149 points and close at 75.394. Major U.S. stock indices closed up Thursday after positive earnings reports from Salesforce and Best Buy and gains in energy shares offset economic reports ...

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May 20 Market Close: GovCon Index, US Stocks Rise After Fed Minutes Release

GovConIndexUP

The GovCon Index closed in positive territory Wednesday with a gain of 0.108 points to 75.543 on a day that saw investors react to the release of the Federal Reserve‘s April meeting minutes. Fed leaders expressed doubt over the possibility of an interest rate hike by June and U.S. stocks traded after those minutes went public but ...

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Leidos Signs Deal to Repurchase $100M in Outstanding Shares

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Leidos Holdings (NYSE: LDOS) has reached an agreement with a financial institution to repurchase $100 million of the company’s outstanding shares of common stock. The company will acquire those shares under an existing repurchase authorization and the financial institution is set to deliver 80 percent of the shares in the near term, Leidos ...

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CSC Board Approves Plan for Separate Commercial-, US Public Sector-Focused Companies

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The board of directors at Computer Sciences Corp. (NYSE: CSC) has approved a plan to divide the Falls Church, Va.-based technology and services contractor into two separate publicly-traded companies: one solely focused on the U.S. public sector, with another for commercial enterprises and non-U.S. government agencies. CSC said Tuesday it expects to complete the ...

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May 19 Market Close: GovCon Index, US Stocks Dip on Strong Dollar & Housing Report

GovConIndexDOWN

The GovCon Index retreated Tuesday with a loss of 0.089 points to 75.455 on a day that saw U.S. stocks lose traction late in the trading session. Investors reacted to April’s housing numbers that showed 1.135 million homes sold to new owners during the month and a strengthening U.S. dollar that rose ...

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May 18 Market Close: GovCon Index Starts Week With Gain, Housing Reports Due

GovConIndexUP

The GovCon Index bound back from the previous trading day’s loesses Monday with a gain of 0.413 points to 75.561. U.S. stocks recorded gains across-the-board Monday as investors await the release of housing reports this week as they seek to determine the timing of a potential interest rate increase by the Federal Reserve, ...

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May 18 Morning Report: GovCon Index Down on Friday’s Close

GovConIndexDOWN

The GovCon Index closed slightly down Friday to 75.148 for a change of 0.078 percent. The Dow Jones Industrial Average rose 0.11 percent to 18,272.56, the Standard & Poor’s 500 composite index gained 0.04 percent to 2,122.02 and the NASDAQ composite index lost 0.05 percent to 5,048.29. Top Percentage Gainers   Company   Stock Price   ...

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