BRIEFCASE NETSOL SET TO BUY PEARL TREASURY.Byline: - Staff and Wire Services CALABASAS - NetSol Technologies Inc. said Wednesday that it plans to purchase Pearl Treasury Systems Ltd. by issuing up to 500,000 shares of common stock. United Kingdom-based Pearl Treasury develops software solutions for treasury departments. NetSol said its relationship with Pearl will help the company tap new sectors. NetSol shares rose one cent to close at 79 cents Wednesday on the Nasdaq market. Univision merger may get OK soon Approval by the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. on the controversial $2.3 billion merger of Los Angeles-based Univision Communications and Hispanic Broadcasting Co. could come next month after a prolonged pro·long tr.v. pro·longed, pro·long·ing, pro·longs 1. To lengthen in duration; protract. 2. To lengthen in extent. delay marked by fierce political lobbying from both sides of the case. ``The merger application is under active consideration,'' said FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. spokeswoman Michelle Russo. That's a change from the last seven months, during which the deal has been stalled by a Department of Justice review and the recent controversy over new FCC media ownership rules. The companies filed their merger petition last July. As it currently stands, approval would be split along party lines - three Republicans voting in favor and the two Democrats against, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an attorney familiar with the FCC. After a five-month hiatus hiatus /hi·a·tus/ (hi-a´tus) [L.] an opening, gap, or cleft.hia´tal aortic hiatus the opening in the diaphragm through which the aorta and thoracic duct pass. while the Department of Justice reviewed and ultimately approved the merger with conditions, the commissioners have now taken up the case, concentrating on the key issue of whether Spanish-language media qualify as their own market or form part of the mainstream media market, said the attorney, who did not want to be identified. Cingular seeking NextWave accord ATLANTA - Cingular Wireless is working on a deal to buy 34 wireless licenses from bankrupt NextWave Telecom Inc. for about $1.4 billion to broaden its reach in large U.S. markets, a person with knowledge of the negotiations said Wednesday. The deal for NextWave's valuable spectrum licenses would have to be approved by the U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. in White Plains, N.Y. Nothing had been filed as of late Wednesday. There were still certain details being hammered ham·mered adj. 1. Shaped or worked with a metalworker's hammer and often showing the marks of these tools: a bowl of hammered brass. 2. Slang Drunk or intoxicated. Adj. out, said the source involved in the bankruptcy case who spoke on condition of anonymity. A spokeswoman for Atlanta-based Cingular, the nation's No. 2 wireless carrier, declined to comment. An executive at Hawthorne, N.Y.-based NextWave did not return a call seeking comment. Aetna's earnings up for 2nd quarter HARTFORD, Conn. - Aetna Inc. said Wednesday it has slowed pharmacy and medical cost increases as it announced that second-quarter earnings rose 28 percent to $138.4 million. The insurance giant said earnings per share came to 87 cents, compared with earnings of $108.2 million, or 70 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , in the same quarter a year ago. Operating earnings Operating Earnings Profits after subtracting expenses such as marketing, cost of goods sold, administration and general operating costs from revenue. Notes: Tax and interest expenses are not subtracted - operating earnings are synonymous with EBIT (earnings before of $1.28 per share easily beat the consensus estimate of $1.02 a share by analysts surveyed by Thomson First Call. The Hartford-based insurer has cut costs, laid off employees and boosted its premiums to turn its finances around. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion