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Time Warner Cable (NYSE:TWC): According to the Associated Press, after reportedly spending over $3 billion to secure the long-term broadcast rights to the Laker’s games, Time Warner Cable is launching two new sports networks and demanding high subscriber fees from other TV distributors, including Dish Network (NASDAQ:DISH) and DirecTV (NASDAQ:DTV). Their shares closed at $95.71, up $0.65 or 0.68% on the day. They have traded in a 52-week range of $57.15 to $96.49.
Tw Telecom Inc. (NASDAQ:TWTC): According to the Denver Post, TW Telecom Inc. is considering selling itself, and CenturyLink (NYSE:CTL) is seen as a possible buyer. The two companies have spoken for several weeks and could be near a deal. dealReporter added that Level 3 (NASDAQ:LVLT) has been interested in TW Telecom but “balked at the price”. Their shares closed at $27.41, up $1.32 or 5.06% on the day. They have traded in a 52-week range of $15.42 to $26.56.
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Visa Inc. (NYSE:V): According to The Hill, retailers are pushing Congress to introduce more competition, among credit card providers, in order to end what retailers see as a bank monopoly on credit card pricing. Mallory Duncan, Senior Vice President and General Counsel of the National Retail Federation told the publication that most members of Congress believe that the credit card system must be reformed further. Visa Inc.’s shares closed at $136.73, up $2.45 or 1.82% on the day. They have traded in a 52-week range of $81.71 to $136.65.
Versar (AMEX:VSR): Versar confirmed that they were awarded the Afghanistan Personal Services Contract for the United States Army Corps of Engineers. The AED Contract is a single-award, indefinite-delivery/indefinite-quantity contract with a base period of one year, three option years and one six-month extension, for a total possible period of performance of four and-one half years. The AED Contract has a maximum total capacity of $170 million and a maximum annual capacity of $42.5 million. The company has been awarded two initial task orders under the AED Contract, with a total funded value of approximately $16 million. Their shares closed at $3.86, up $0.5 or 14.88% on the day. They have traded in a 52-week range of $2.14 to $3.64.
Watson Pharmaceuticals (NYSE:WPI): Watson Pharmaceuticals announced that on September 28, the United States District Court for the Northern District of Georgia, granted summary judgment in favor of Watson, and all other defendants, on all remaining claims in the pending anti-trust lawsuit related to settlements of patent litigation concerning Androgel 1% testosterone gel. The court found that the plaintiffs’ claims were unsustainable because the underlying patent litigation was not objectively baseless and did not constitute sham litigation. The court had previously granted Watson’s motion to dismiss all claims asserted by the Federal Trade Commission concerning the same settlement. The United States Court of Appeals for the Eleventh Circuit affirmed that dismissal. Their shares closed at $85.14, down $0.02 or 0.02% on the day. They have traded in a 52-week range of $55.00 to $86.07.
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