News / Business
Speak with other shareholders about: (NYSE: ALU), (NYSE: WU), (NYSE: RPB), (NASDAQ: HCBK), (NYSE: UIS) .
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Alcatel-Lucent (NYSE: ALU) down 1% on 11 million shares, today announced that its W-CDMA portfolio has received the TL 9000 Certification from the Quality Management Institute (QMI), an accredited QuEST Forum TL 9000 registrar. TL 9000 standards establish a common set of quality management requirements and measurements for telecommunications hardware, software and services.
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The Western Union Company (NYSE: WU) up 3% on 10 million shares, yesterday reported financial results for the second quarter. Highlights for the second quarter include: -- Revenue of $1.2 billion, up 8% -- Earnings per share of $0.26 -- Operating income margin of 27% -- Consumer-to-consumer revenue exceeds $1 billion in the quarter -- Year-to-date cash provided by operating activities of $487 million Republic Property Trust (NYSE: RPB), up 22% on 9 million shares, a real estate investment trust, on Tuesday (24 July) said that it has signed a definitive merger agreement to be acquired by Liberty Property Trust in an all cash transaction. The total consideration, based upon Republic's outstanding mortgage debt as of 31 March 2007, is equal to approximately USD850m. Under the terms of the merger agreement, Liberty will acquire all of Republic's outstanding common shares for USD14.70 per share in cash. Unitholders of Republic Property Limited Partnership, the operating entity through which Republic conducts all of its business and which owns all of Republic's assets, will receive USD14.70 per unit in cash, the company added. Republic's board of Trustees has approved the merger agreement. Completion of the transaction, which is currently expected to occur in Q4 2007, is contingent upon customary closing conditions and the approval of Republic's shareholders.
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Hudson City Bancorp, Inc. (NASDAQ: HCBK), down .85% on 9 million shares, announced today it has received approval from its Board of Directors to repurchase up to 51,400,000 shares, or approximately 10%, of its common stock outstanding as of July 24, 2007. This is the eighth stock repurchase program approved by the Board. There are 15.8 million shares remaining to be repurchased under the current stock repurchase program. The repurchased shares are expected to be held as treasury stock for general corporate use.
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Unisys Corporation (NYSE: UIS) down 5% on 7 million shares, today announced that Rabobank, one of the largest financial services providers in The Netherlands, has extended its business process outsourcing contract with Unisys Payment Services and Solutions (UPSS). The extension, signed in June 2007, covers all paper-related payment transactions for two additional years through December 31, 2012.
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Release date: 25 Jul 2007
