Akamai Technologies Buys Nominum

Akamai Technologies Buys Nominum

Akamai Technologies (AKAM) said it has agreed to acquire Nominum, a DNS and enterprise security solutions provider, in an all-cash transaction that is expected to be earnings accretive in 2019. The deal is intended to add complementary capabilities to Akamai’s portfolio of security offerings while expanding Akamai’s distribution to carriers that serve enterprise customers, according to a statement early Wednesday. The takeover is expected to close later in Q4. Financial […]

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Bullish Economic Data and Hawkish Fed-Speak Keeps U.S. Dollar Buoyant

Bullish Economic Data and Hawkish Fed-Speak Keeps U.S. Dollar Buoyant

The U.S. dollar strengthened again on Thursday on the heels of bullish economic data, and promising news regarding pro-growth tax reform in the U.S. Record highs on Wall Street accompanied by higher Treasury yields helped elevate the USD/JPY pair through the 50- and 100-hour moving averages to just shy of 113.00. But with resistance building at 112.90, the dollar could not mount a convincing breach and closed only fractionally higher […]

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Hedge Fund Marcato Says Deckers Should Boost Shareholder Value By Focusing on UGG – Stock Up 1.5%

Hedge Fund Marcato Says Deckers Should Boost Shareholder Value By Focusing on UGG – Stock Up 1.5%

Hedge fund Marcato Capital Management, which owns 6.1% of Deckers Outdoor Corp (DECK), said in a presentation on Thursday the company could focus on its core UGG brand by pursuing a sale or spin-off of non-core brands to boost shareholder value. UGG is Deckers’ substantial footwear brand that generates strong cash-flows, returns and is underpenetrated internationally, Marcato said in slides presented at the Sohn San Francisco Investment Conference. Deckers is […]

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Destination Maternity Urges Stockholders to Vote for Board Nominees

Destination Maternity Urges Stockholders to Vote for Board Nominees

Destination Maternity (DEST) said Thursday it has sent a letter to its stockholders urging them to vote “FOR” the company’s slate of nominees and in favor of the other proposals recommended by the board of directors by signing, dating and returning the WHITE proxy card sent by the company. Shares were up 1.7% in recent trading. The company’s stockholders will be voting a the annual meeting to be held Oct. […]

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MidEast Stocks Mostly Drift Lower Ahead of Holiday; Qatar Falls on Credit Downgrade

MidEast Stocks Mostly Drift Lower Ahead of Holiday; Qatar Falls on Credit Downgrade

Middle East shares mostly slid in thin volume ahead of the Eid al-Adha holidays beginning this week. Qatar slumped after Fitch downgraded the country’s credit rating. Fitch lowered Qatar by one notch to AA-minus with a negative outlook, citing the impact of sanctions imposed by other Arab states. In company news, Amiantit said it expected a capital gain of 50 million-60 million riyals ($13.3 million-$16.0 million) and positive cash flow […]

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