Highbury Financial Inc. Announces Results of Its Special Meeting of Stockholders

DENVER, CO--(Marketwire - March 29, 2010) -  Highbury Financial Inc. ("Highbury") (OTCBB: HBRF) -- On December 12, 2009, Highbury entered into an Agreement and Plan of Merger (the "Merger Agreement") with Affiliated Managers Group, Inc., a Delaware corporation publicly traded on the New York Stock Exchange ("Affiliated Managers Group") and Manor LLC, a limited liability company and a wholly owned subsidiary of Affiliated Managers Group ("Merger Sub"). Pursuant to the terms of the Merger Agreement, Highbury will merge with and into Merger Sub, the separate corporate existence of Highbury will cease and Merger Sub will continue as a wholly owned subsidiary of Affiliated Managers Group (the "Merger").

March 29, 2010 | Filed Under Mergers and Acquisitions | Leave a Comment 

Arthur Hill: SPY STALLS AT CHANNEL TRENDLINE – EURO GETS OVERSOLD BOUNCE – STRENGTH IN CHINA LIFTS CRUDE – ENERGY SECTOR RECOVERS AFTER SUPPORT BREAK – GOLD STALLS AFTER BIG SURGE

[[http://stockcharts.com/members/videos/|Link for today’s video.]] The **S&P 500 ETF (SPY)** and **Nasdaq 100 ETF (QQQQ)** are trading near the upper trendline of a rising price channel that extends...
March 29, 2010 | Filed Under Analyst Opinions | Leave a Comment 

Arthur Hill: SPY STALLS AT CHANNEL TRENDLINE – EURO GETS OVERSOLD BOUNCE – STRENGTH IN CHINA LIFTS CRUDE – ENERGY SECTOR RECOVERS AFTER SUPPORT BREAK – GOLD STALLS AFTER BIG SURGE

[[http://stockcharts.com/members/videos/|Link for today’s video.]] The **S&P 500 ETF (SPY)** and **Nasdaq 100 ETF (QQQQ)** are trading near the upper trendline of a rising price channel that extends...
March 29, 2010 | Filed Under Analyst Opinions | Leave a Comment 

Total System Services (TSS)

We are initiating coverage on <b>Total System Services</b> (<a href=http://www.zacks.com/stock/quote/tss>TSS</a>) with an Underperform recommendation. The company&#39;s fourth quarter earnings came in a penny ahead of the Zacks Consensus Estimate. However, results posed weak top-line growth due to sluggish performance in the electronic payment processing services. <p> Inefficient cost-cutting and negative growth guidance for 2010 were also among the negatives. Although management expects to grow inorganically with a modest cash position and a risk-free balance sheet, the company is adequately exposed to competition, currency fluctuation and interest risk. <p> Moreover, poor credit markets and weakness in the credit card industry has led to a decline in the number of client accounts and long-term contracts. Hence, we do not foresee any substantial development strategy to drive earnings growth in the near term.
March 29, 2010 | Filed Under Stocks to Sell | Leave a Comment 

Cisco Receives Antitrust Approvals From European Commission and US Department of Justice for Pending Acquisition of TANDBERG

EU Approval Conditional Upon Appointment of Monitoring Trustee

March 29, 2010 | Filed Under Mergers and Acquisitions | Leave a Comment 

HLP Packaging Acquires Klearfold(R) From MeadWestvaco; Changes Corporate Identity to HLP Klearfold(TM)

Rebranding of Plastic Folding Carton Producer Coincides With Addition of Klearfold Veterans to North American Management Team

March 29, 2010 | Filed Under Mergers and Acquisitions | Leave a Comment 

Trustcash Signs Term Sheet to Acquire 25% of Alligato, Inc.

ATLANTA, GA--(Marketwire - March 29, 2010) - TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (PINKSHEETS: TCHH) today confirmed that it has signed a definitive Term Sheet outlining the terms for the acquisition of 25% of Alligato Inc. Concurrently, Trustcash has also agreed to enter into a software development agreement with Alligato for the purposes of developing a Mobile WAP based payment platform and providing ongoing technical support. Pursuant to the Term Sheet Twenty Five Thousand dollars was advanced to Alligato to begin work on the new mobile platform.

March 29, 2010 | Filed Under Mergers and Acquisitions | Leave a Comment 

Scripped.com Announces New Funding and Merger With Zhura.com

Scripped Doubles Installed Base of Users and Claims Dominant Market Leadership for Web-Based Screenwriting Software and Content Development Services

March 29, 2010 | Filed Under Mergers and Acquisitions | Leave a Comment 

Scripped.com Announces New Funding and Merger With Zhura.com

Scripped Doubles Installed Base of Users and Claims Dominant Market Leadership for Web-Based Screenwriting Software and Content Development Services

March 29, 2010 | Filed Under Mergers and Acquisitions | Leave a Comment 

SanDisk Corp. (SNDK)

<b>SanDisk</b> (<a href=http://www.zacks.com/stock/quote/sndk>SNDK</a>) has a strong product portfolio and is a significant player in the U.S. flash memory market. The company posted very encouraging fourth quarter 2009 results, exceeding the management guidance. <p> SanDisk witnessed major gains in the OEM business and higher product revenue and has provided a decent guidance for the first quarter. The company has reduced its cost of production significantly, which in turn has improved gross margin substantially in 2009. SanDisk is cash rich and is aggressively reducing capital expenditure outlay, while reducing convertible debt. In order to reduce inventory level, the company is slowing down in-house NAND supply. <p> Although SanDisk is showing signs of revival, its customer concentration risk is a factor. We are optimistic about the long-term growth story of SanDisk and upgrade the stock to Outperform.
March 28, 2010 | Filed Under Stock Picks | Leave a Comment 

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