(Source: Business Wire)

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UTS Energy Corporation (TSX: UTS), $2.15, +$0.05, 2.38%, finished
the day strong yesterday with over 12 million shares traded compared to
Friday's close of 2.4 million. UTS, an oil sands company, announced
the disposition of its 50% working interest in Alberta Oil Sands Lease
Nos. 421, 022 and 023. Imperial Oil and ExxonMobil have agreed to
jointly purchase UTS' working interest for $250 million. The company
expects this transaction to bring in proceeds of $200 million.
Research in Motion (NASDAQ: RIMM), $57.41, +1.67, 3.00%, designs
and markets wireless handsets, software and services. The company is
trading up 3% with over 7.1 million shares traded on no new significant
news. The last release of late October confirmed that Research in Motion
Italia, has launched a competition to reward the best application for
its BlackBerry mobile phones.
Union Pacific Corp (NYSE: UNP), $58.14, +3.08, 5.59%, is making
gains today as it was announced that Recycle Solutions, a company based
in Memphis Tennessee, is launching a new division named Bluff City
Commodities which offers agricultural products to its clients. Union
Pacific is a transportation company linking 23 states in the western
two-thirds of the U.S., transporting agricultural material and many
other products. This new development is beneficial to Union Pacific as
Bluff City Commodities will be able to provide fast and seamless
delivery of agricultural feed for Union Pacific's distribution.
Burlington Northern Santa Fe Corp (NYSE: BNI), $97.38, +21.31, 28.01%,
is on fire today with gains of over $20 in this morning's trading. It
was announced
that a definitive agreement has been reached with Berkshire
Hathaway to acquire for $100 per share in cash and stock the
remaining 77.4% of outstanding BNI shares, which would increase its
holdings to 100%. Based on the outstanding BNI shares, including those
currently owned by Berkshire, the transaction is said to be valued at
approximately $44 billion, including $10 billion of outstanding BNSF
debt, making it the largest acquisition in Berkshire history. BNSF
is engaged primarily in the rail transportation business.
Cognizant Technology Solutions (NASDAQ: CTSH), $41.17, +2.37, 6.11%,
is up 6.11% with 3.8 million shares traded just this morning. CTSH
is a leading provider of information technology, consulting and business
process outsourcing services. The company has released its third quarter
financial results, which include quarterly revenue of $853.5 million, a
16% increase from $734.7 million, of the same quarter last year. CTSH is
expecting their fourth quarter revenue to reach at least $880 million. Complete
Q3 results are provided on the company's website.
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