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Tag Archives: Cash

July 21 Market Close: GovCon Index Falls on Defense Prime Losses, Oil Decline Holds Down US Stocks

Executive Mosaic’s GovCon Index tumbled Thursday on large declines among defense prime companies as U.S. stocks traded lower on falling oil prices and mixed earnings reports among blue chips. The GovCon Index declined 0.694 points to 81.499  as none of the GCI’s 11 S&P 500-listed stocks closed at a gain with eight in the U.S. stock …

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HP to Increase Regular Quarterly Dividend 10%

Hewlett-Packard (NYSE: HPQ) announced today that its board of directors has authorized a regular quarterly dividend of 13.2 cents per share, which it expects to declare in May. The company said the payment represents a 1o percent increase over the previously announced dividend it will disburse on April 4, for …

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BAE Sells Fla. Safety Product Business to Japanese Firm for $32M Cash

BAE Systems has agreed to sell two businesses that produce safety products for defense and aerospace customers to Japanese firm Takata Corp. for around $32 million in cash. The deal will send BAE Systems Safety Products Inc. and BAE’s German subsidiary Schroth Safety Products GmbH to Takata, a manufacturer of seat belts, …

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Booz Allen Continues Mulling Cash Moves, Authorizes $30M Share Repurchase

The board of directors for Booz Allen Hamilton‘s (NYSE: BAH) parent company has authorized the company to tap its current cash holdings to repurchase $30 million in shares of its outstanding common stock. The purchases will be made in the open market, possibly in privately-negotiated transactions, the company announced Tuesday. “We continue to …

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ManTech to Fund Acquisitions, Pursue Organic Growth with $500M Credit Facility

ManTech International (NASDAQ: MANT) has issued a new $500 million senior secured credit facility to enhance its capital position and financial flexibility, the company announced today. ManTech said the facility will provide an increased ability to drive organic growth and strategic acquisitions. The five-year credit facility enables borrowings up to $500 …

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Cash Steps Down From Microsoft Board

James I. Cash Jr., Ph.D., emeritus James E. Robison professor at the Harvard Business School is stepping down from Microsoft’s board of directions. He cites pressure from personal and professional commitments as the reason. Cash, who has been with the board since 2001, stated that he has enjoyed working with …

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