Technology stocks are little changed, with shares of technology
companies in the S&P 500 rising less than 0.1%.
In company news, On Track Innovations (
) is higher after the contactless "smart" card company said it was
partnering with a General Electric (
) subsidiary to link its EasyFuel Plus automatic vehicle
identification components with fuel dispensers and other
service-station equipment sold by the GE unit.
As part of the agreement, the EasyFuel Plus components will be
marketed under GE's Wayne brand name and sold to petroleum
retailers, commercial fleets, and industrial and mining customers.
The companies already are selling the combined technologies in
several African countries and are now working on opportunities in
Financial terms of the collaboration pact were not immediately
OTIV shares recently were fetching $3.15 each, up 6.1%. GE is
ahead 2 cents at $27.03 a share.
In other sector news,
(+) FTR, (+8.2%) Announces deal to acquire AT&T's (
) wireline residential and business services and associated assets
in Connecticut for $2 bln in cash. Acquisition is seen adding to
per-share free cash flow during the first year after closing.
, (-0.4%) Atlantic Equities downgrades the micro-blogging service,
cutting its rating to Neutral from Overweight but boosting its
price target by $16 to $50 a share. Thirteen of 17 analysts
tracking TWTR now have ratings of Hold or worse for the stock.
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