By Rex Crum, MarketWatch Cloud-based backup company surges as J2 Global makes offer
SAN FRANCISCO (MarketWatch) -- Carbonite Inc. shares rocketed on Wednesday after the storage-backup company received an unsolicited takeover bid from J2 Global Inc.
Carbonite (CARB), which offers cloud-based computer backup and recovery services for consumers and businesses, saw its shares climb more than 23% to $14.52 in early trading.
Cardinal Financial Corporation (NASDAQ: CFNL) (the “Company”) today
reported a 90% increase in reported earnings to $10.5 million, or $0.32
per diluted share, for the quarterly period ended December 31, 2014,
compared to reported earnings of $5.5 million, or $0.18 per diluted
share, for the fourth quarter of 2013.
Cardinal Bank announced at its annual Cardinal Bank and George Mason
University Economic Conference that it has established a $250,000
endowment at George Mason University that will fund scholarships to
selected first-generation college students attending the university.
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