Deals
Coinstar Soars on Profit, Buyout of NCR Unit: Los Angeles Mover
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Coinstar Inc., owner of the Redbox movie-rental kiosks, rose the most in 15 months after reporting profit that almost tripled and plans to buy the competing DVD service operated by NCR Corp.
Coinstar, based in Bellevue, Washington, advanced 15 percent to $58.26 at 9:37 a.m. New York time, the biggest intraday gain since Oct. 29, 2010. Before today, the stock was up 11 percent this year, compared with a 6.9 percent gain in the Standard & Poor’s 500 Index.