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Friday 10 July 2015
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Pre-Market News Alert on: CA, (NASDAQ:CA), Cognizant Technology Solutions (NASDAQ:CTSH), Best Buy Co (NYSE:BBY), Mosaic (NYSE:MOS)

On Tuesday, CA, Inc. (NASDAQ:CA)’s shares inclined 1.90% to $30.08.

CA, Inc. (CA) will host a conference call and webcast at 5:00 p.m. ET on Thursday, July 23, 2015 to talk about financial results for its first quarter fiscal year 2016, which ended on June 30, 2015. The webcast will contain forward-looking statements and other material information.

CA, Inc. provides information technology (IT) administration software and solutions that assist organizations plan, develop, manage, and secure applications and IT infrastructure in the United States and internationally. The company operates through three segments: Mainframe Solutions, Enterprise Solutions, and Services. The Mainframe Solutions segment’s products portfolio comprise systems and database administration, automation, application development, and security; and technologies comprise CA Application Lifecycle Conductor and vStorm Connect Data Streaming for big data.

Cognizant Technology Solutions Corp (NASDAQ:CTSH)’s shares gained 0.56% to $60.29.

Cognizant (CTSH) offered an update on the status of its relationship with Health Net, Inc. (HNT) and reaffirmed its 2015 guidance following the declarement that Health Net has reached a contract to be attained by Centene Corporation (CNC).

Key updates on the relationship comprise:

  • Cognizant remains a key planned technology and operations partner to Health Net, with the existing relationship being extended through the end of 2020 with a total contract value of about $520 million. This will provide ongoing support of critical Health Net applications and processes.
  • The planned implementation of a seven-year master services agreement for end-to-end administrative services between Cognizant and Health Net, first declared in August 2014 and planned to start in mid-2015, is being deferred while Health Net and Centene complete the merger review and approval process. Cognizant anticipates that if the merger of Health Net and Centene is accomplished, the existing master services agreement will not be implemented as there will likely be overlaps in services and capabilities planned to be offered by Cognizant.
  • Cognizant has negotiated the right to license certain Health Net intellectual property for incorporation into its healthcare administration solutions and as-a-service platforms.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. Its consulting and technology services comprise IT strategy consulting, program administration consulting, operations improvement consulting, strategy consulting, and business consulting services; and application design and development, systems integration, enterprise resource planning, and customer relationship administration implementation services.

At the end of Tuesday’s trade, Best Buy Co Inc (NYSE:BBY)‘s shares surged 1.41% to $33.80.

Best Buy Co Inc (BBY)’s Geek Squad declared the launch of the ninth Geek Squad Academy summer program. This grassroots tech experience inspires under-served teens to consider technology careers and assist address the nation’s widely-anticipated professional labor shortage.

According to the Change the Equation, a group of Fortune 500 companies that encourages students to pursue STEM (science, technology, engineering and math) careers, the American workforce is still failing to pursue different fields. The lack of broad representation in these high-demand areas threatens the U.S. economy by creating a competitive advantage for other countries.

Conducted in partnership with non-profit organizations such as the Boys & Girls Clubs of America, Junior Achievement and Young Adult Library Services Association, Geek Squad Academy classes are designed by Geek Squad Agents to demystify technology and ignite a passion for technology through fun and inspiring hands-on learning. At this year’s sessions, students will explore the ins and outs of technology through subjects like digital citizenship, film production, computer programming and robotics, in addition to 3D printing and circuitry.

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States and internationally. Its stores offer consumer electronics comprising primarily of television and home theaters; digital cameras and camcorders; DVD and Blu-ray players; portable electronics, such as MP3 devices, headphones and speakers, car stereo, navigation and satellite radio; and related accessories.

Mosaic Co (NYSE:MOS), ended its Tuesday’s trading session with -1.12% loss, and closed at $45.93.

Mosaic Co (MOS) released its 2014 Sustainability Report titled, “Leading with Purpose,” which outlines the company’s sustainability progress and new 2020 sustainability targets. The company’s sixth Sustainability Report discloses information on 95 Global Reporting Initiative (GRI) indicators and is prepared in alignment with G4 Core Sustainability Reporting Guidelines, which have an raised focus on materiality. The report’s data has been assured, and its water, waste, energy and greenhouse gas emissions information is externally verified by third-party reviewers.

The Mosaic Company produces and markets concentrated phosphate and potash crop nutrients for the agricultural industry worldwide. It operates through two segments, Phosphates and Potash. The Phosphates segment owns and operates mines in Florida. It offers concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products. This segment also offers phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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