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VeriSign Jumps on Web Registry Approval
VeriSign (VRSN Quote) shares rose in Thursday after the Department of Commerce approved a deal allowing the company to continue its role administering the dot-com registry.
VeriSign stock jumped 7%, or $1.69 to $25.96, changing hands at about double the usual volume.
The Commerce Department oversees the Internet Corporation for Assigned Names and Numbers, the nonprofit organization that chose VeriSign to run the dot-com and dot-net domain registry. VeriSign has operated the registry since 1999. ...
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