Shares of Pitney Bowes Inc. (NYSE: PBI) tumbled about 17% by midday trade after the mail and document services provider handed lower-than-expected fiscal first quarter earnings and slashed its dividend. For the first quarter, Pitney Bowes reported adjusted earnings of 42 cents a share, missing analysts’ consensus estimate by 2 cents a share. The quarterly [...]
Shares of Acme Packet Inc. (NASDAQ: APKT), a provider of session delivery network solutions, are seeing a huge rally in trading today after the company agreed to be acquired by Oracle Corp. (NASDAQ: ORCL). Under the terms of the agreement, Oracle will acquire APKT for $29.25 per share in cash.
Shares of FedEx Corp. (NYSE: FDX), providing customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services, edged higher in trading today. FDX shares ended the day 0.91% higher at $93.20 on above average volume of 5.32 million. The stock hit an intra-day high of $95.44, and has gained 3.45% in [...]