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Nov 29, 2012
11/12
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KQED
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will spend $650 million in cash to buy retalix. shareholders would get $30 per share. rumors of the deal sent shares of retalix up 34.7% during the regular session, closing just shy of the buyout price. n.c.r. was down less than 1% but was up in extended hours trading. all five of the most actively traded exchange traded products were up, led by the nasdaq 100 tracking fund, up by 0.9%. and that's tonight's "market focus." >> tom: more than a half billion dollars, that's what the jackpot of tonight's multi-state lottery, known as powerball is up to. normally we don't report on such games of chance, but it is awfully hard to ignore a potential $550 million windfall. for people waiting in hours in minnesota, to dreaming in miami. >> i would take that $500 million, and i would only get $250 million, because i would have to pay you the taxes, it would put you in the 50% tax bracket. it means i would get $125 million, free and clear, which is my money. i would invest some of it in the stock market, donate some of it to the churches. >> i would take a lump sum. >> reporter:
will spend $650 million in cash to buy retalix. shareholders would get $30 per share. rumors of the deal sent shares of retalix up 34.7% during the regular session, closing just shy of the buyout price. n.c.r. was down less than 1% but was up in extended hours trading. all five of the most actively traded exchange traded products were up, led by the nasdaq 100 tracking fund, up by 0.9%. and that's tonight's "market focus." >> tom: more than a half billion dollars, that's what...
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Nov 28, 2012
11/12
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CNBC
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included in that is just over $130 million that retalix has on the books. ncr says it's looking to do this with a combination of cash and debt. that's interesting because ncr's market cap is $1 billion. they're looking to add a little debt, use a little cash, and get this company, which has been doing quite well in software, for a point of sale, retail, other areas. it had been acquiring, expanding. ncr hoping to pick this up and fuel its growth into next year. >> all right, john. thank you so much. >> stick around. we're going to do more on today's big comeback market after the break. >> and as the clock ticks on the fiscal cliff, president obama is meeting behind those closed doors at the white house with a who's who list of ceos. >> a lot. >> our cameras are right outside the white house. we'll certainly keep you posted on the very latest developments there. >> up next, it's not just the mitt romneys of the world who will take a hit for higher tax rates on dividends next year. wait. you hear how widespread the pain will be felt among ordinary americans.
included in that is just over $130 million that retalix has on the books. ncr says it's looking to do this with a combination of cash and debt. that's interesting because ncr's market cap is $1 billion. they're looking to add a little debt, use a little cash, and get this company, which has been doing quite well in software, for a point of sale, retail, other areas. it had been acquiring, expanding. ncr hoping to pick this up and fuel its growth into next year. >> all right, john. thank...
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Nov 28, 2012
11/12
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CNBC
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also want to know that retalix, that's an israeli company, point of sale, technology. they recently did an acquisition of a company that served high-end retail establishments nap has also been halted. ncr's market cap just shy of $4 billion. reatlix under $1 billion. still, a significant sides. it would be for ncr. we have to wait to see exactly what this news in. but in the environment of the fiscal cliff, if, indeed, what this is, it would be interesting. >> all right, john. thanks so much. >> ncr, national cash register. right? >> you like that? >> i like that because you got to change the name. cash registers aren't what they used to be. >> that stock is halted along with the other one john was talking about. we'll let you know when the news does come out and that stock is reop reopened for business. speaking of business, we have about 30 more minutes of business. >> top ceos set for a fiscal cliff meeting with president obama just over an hour from now. we're going to take you live to the white house next. plus, we'll hear from one democratic lawmaker willing to d
also want to know that retalix, that's an israeli company, point of sale, technology. they recently did an acquisition of a company that served high-end retail establishments nap has also been halted. ncr's market cap just shy of $4 billion. reatlix under $1 billion. still, a significant sides. it would be for ncr. we have to wait to see exactly what this news in. but in the environment of the fiscal cliff, if, indeed, what this is, it would be interesting. >> all right, john. thanks so...
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Nov 29, 2012
11/12
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FBC
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equipment maker pall p-a-l-l and nci, the cash register people, agreed to buy the software maker retalixchanged. and two winning tickets in the huge powerball drawing last night. instant millionaires created and what should the lucky people do next? well, we have a recent lottery wink joining us after the break. has he been smart with his money and how much did the government take away from his winnings? that's next. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. >> as expected modest rally in the early going. the dow retains 13,000, and check the price of oil. where are we? i think it's a solid gain, up two bucks back up to $88 per barrel and two winners split last night's powerball jack
equipment maker pall p-a-l-l and nci, the cash register people, agreed to buy the software maker retalixchanged. and two winning tickets in the huge powerball drawing last night. instant millionaires created and what should the lucky people do next? well, we have a recent lottery wink joining us after the break. has he been smart with his money and how much did the government take away from his winnings? that's next. [ male announcer ] at scottrade, you won't just find us online, you'll also...