Search Results for: Goldman Sachs

May 2 Market Close: GovCon Index Up on L-3 Upgrade as Defense Primes Follow

The GovCon Index started the first week of May with a gain of 0.493 points to 76.854 in an attempt at a recovery from two days of sharp losses incurred Thursday and Friday for the final days of April trade. Cubic Corp. (NYSE: CUB) closed up 6 cents to $41.63 with 309, 200 shares …

Read More »

April 12 Market Close: GovCon Index Lifts on HII Upgrade, US Markets Up on Energy Gains

The GovCon Index staged a full reversal from an early morning dip into negative territory Tuesday to close at a gain of 0.482 points to 74.487 as energy shares helped spur U.S. markets into positive. Huntington Ingalls Industries (NYSE: HII) was the GCI’s top nominal gainer at $2.22 — or …

Read More »

March 8 Market Close: GovCon Index Falls as ICF & Navistar Earnings Misses Weigh

The GovCon Index held lower throughout the trading session Tuesday and closed at a decline of 1.071 percent to 72.599 on earnings misses from two GCI stocks and investor reaction to oil price declines and new trade data out of China. ICF International (Nasdaq: ICFI) dropped 8.37 percent a day after the consulting …

Read More »

Lloyd Howell to Succeed Kevin Cook as Booz Allen CFO, Treasurer; Horacio Rozanski Comments

Lloyd Howell Jr., executive vice president at Booz Allen Hamilton (NYSE: BAH) and head of the firm’s civil commercial group, has been appointed as the new chief financial officer and treasurer at the McLean, Virginia-based consulting services contractor. Howell will succeed the retiring Kevin Cook on July 1 and also …

Read More »

Reuters: 3 Private Equity Firms Vie for Dell’s Quest Software, SonicWall Assets

KKR & Co. (NYSE: KKR),  Vista Equity Partners Management and Thoma Bravo have submitted bids to acquire $4 billion in Dell assets that offer information technology management and email encryption services, Reuters reported Tuesday. Liana Baker and Greg Roumeliotis write the potential sale of Dell’s Quest Software and SonicWall could help Dell reduce the debt it …

Read More »

April 16 Market Close: GovCon Index Stuck in Neutral, US Stocks Dip

The GovCon Index recorded a nominal gain for the second consecutive trading day to the tune of 0.064 points for a closing figure of 76.092. U.S. stocks saw nominal losses despite gains in the oil market during the afternoon session and positive earnings reports from financial services firms Citigroup and Goldman Sachs, the …

Read More »

Informatica Enters $5.3B Cash Buyout Deal

Informatica (NASDAQ: INFA) has agreed to be acquired by a Permira Advisers–Canada Pension Plan Investment Board alliance for approximately $5.3 billion, or $48.75 per share in cash, the Wall Street Journal reported Tuesday. The transaction will take the California-based data management software company private and marks the biggest U.S. leveraged …

Read More »

Daniel Muse Joins Sevatec as CFO; Sonny Kakar Comments

Daniel Muse, formerly director of aerospace, defense and government services investment banking group at Stifel (NYSE: SF), has joined Sevatec Inc. as chief financial officer. He will be responsible for finance, accounting, mergers and acquisitions and other strategic management functions across Sevatec, the company said Thursday. Sonny Kakar, CEO at …

Read More »

HP to Split PC/Printers, Enterprise Tech Businesses; Meg Whitman Comments

Hewlett-Packard (NYSE: HPQ) will split the company into two publicly traded firms by the end of fiscal year 2015–  with one company set to specialize in enterprise IT hardware, software and services and the other in personal computers and printers. The company said Monday that the enterprise hardware and services business will operate as Hewlett-Packard Enterprise and the PC and printing …

Read More »

Exelon Signs $7B Cash Deal to Buy Pepco; Chris Crane Comments

Chicago-based energy producer and distributor Exelon Corp. (NYSE: EXC) has agreed to buy the parent company of mid-Atlantic regional electricity and gas provider Pepco for approximately $6.8 billion in cash, or $27.25 per share. The companies expect the transaction to close in either the second or third quarter of 2015 …

Read More »