Month: August 2011

Xerox Corporation ( XRX ) recently announced that one of its fully owned subsidiaries, Global Imaging Systems (GIS) has acquired Bennett’s Business Systems, Inc., headquarte red in Jacksonville, Florida. Apart from Jacksonville, Bennett’s also has two other offices in Orlando and Tallahassee. […]

DTS Inc. ( DTSI ) recently partnered with Korean mobile manufacturer LG Electronics ( LG ) to develop its latest 3D smartphone LG Optimus (LG-P920). The smartphone, which has debuted in Korea, is scheduled to release in more than 60 countries in the second half of 2011 […]

We believe GATX Corporation ( GMT ), a leader in leasing transportation assets has significantly benefited from higher lease rates and North American fleet utilization. In addition, increased asset utilization through the reduction of idle rail cars and deployment of new rail cars will be accretive for the company’s long-term growth. However, depressed marine rates, regulatory issues and stiff competition induce us to adopt a cautious stance on the company […]

Comerica Inc. ( CMA ) will be laying off 300 positions at its Houston operations from October this year, according to a report in the Business Journal that cited a letter received by Texas Workforce Commission from the company. The job cuts, which will continue for the next six months, is a part of the company’s initiatives to integrate Sterling Bancshares Inc. […]

Florida-based Ultimate Software ( ULTI ) recently announced that the company opened its new office in Santa Ana, CA. The new office is expected to accommodate more than 100 Ultimate Software personnel which primarily consists of customer support, payment services and consulting services staff along with John Stauffer, vice president of payment services, and Ted Malley, vice president and general manager for regional services in the western U.S. In addition, the new office includes a 30-person training facility located for Ultimate Software’s west coast customers. […]