Daily Financial News


Cisco to buy BroadSoft in $1.9 billion deal

Cisco to buy BroadSoft in $1.9 billion dealCisco said on Monday it offered $55 per share, which represents a premium of 2 percent to BroadSoft's last close. BroadSoft shares were up 1.5 percent before the bell, while Cisco shares were up marginally. The deal, which comes after Reuters reported on Sunday that the companies were in talks, will give Cisco a stronger foothold in selling unified communications software to big telecommunications firms.


Oil holds gains, supported by Iraq disruptions and drop in U.S. rigs

Oil holds gains, supported by Iraq disruptions and drop in U.S. rigsOil prices held on to last week's gains on Monday, supported by supply disruptions in Iraq and a drop in U.S. drilling. The number of U.S. rigs drilling for new oil fell by seven to 736 in the week to Oct. 20, the lowest level since June, energy services firm Baker Hughes said on Friday. U.S. West Texas Intermediate (WTI) crude (CLc1) was up 28 cents at $52.12 a barrel.


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Adam Hopkins, Broker/Owner
CRS.MBA.ABR.SFR.GREEN

Hopkins Real Estate Group
15421-C Forest Rd
Forest, VA 24551
Call/Text: 434-444-7136
Email: Adam@AdamHopkins.Net
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