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Another Setback for AstraZeneca - Analyst Blog
Wednesday, December 22, 2010 - 9:15am | 679AstraZeneca (AZN) suffered another pipeline setback recently with the company announcing that it no longer intends to develop motavizumab for the prophylaxis of serious respiratory syncytial virus (RSV) disease. The company has requested the US Food and Drug Administration (FDA) to withdraw the...
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Funding A Call for VISA
Wednesday, December 22, 2010 - 5:05am | 875Investors are now becoming familiar with the story of Master Card (NYSE: MA) and Visa (NYSE: V) being pummeled by the Fed's proposal to cut interchange rate drastically for debit cards. To recap, Federal Reserve on December 16 announced the proposal to place a cap on the interchange fees banks...
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Debit Card Fee Cut to Hit MC, Visa - Analyst Blog
Tuesday, December 21, 2010 - 4:33pm | 1350The Dodd-Frank Act that was enacted in July this year has targeted credit card companies by slashing the interchange fees on debit card transactions. Particularly, card giants MasterCard Inc. (MA) and Visa Inc. (V) are reported to be the wary victims of the interchange fee cuts, since being one...
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Debit Card Fee Cut to Hit MC, Visa - Analyst Blog
Tuesday, December 21, 2010 - 3:43pm | 1350The Dodd-Frank Act that was enacted in July this year has targeted credit card companies by slashing the interchange fees on debit card transactions. Particularly, card giants MasterCard Inc. (MA) and Visa Inc. (V) are reported to be the wary victims of the interchange fee cuts, since being one...
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Decent Second Quarter for Paychex - Analyst Blog
Tuesday, December 21, 2010 - 12:30pm | 1252Paychex Inc. (PAYX) reported second-quarter fiscal 2011 earnings of 37 cents per share, beating the Zacks Consensus Estimate by two cents. The quarter's results are indicative of an improving client retention rate and the company's efforts to improve selling operations. Revenues Paychex...
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Decent Second Quarter for Paychex - Analyst Blog
Tuesday, December 21, 2010 - 12:00pm | 1252Paychex Inc. (PAYX) reported second-quarter fiscal 2011 earnings of 37 cents per share, beating the Zacks Consensus Estimate by two cents. The quarter's results are indicative of an improving client retention rate and the company's efforts to improve selling operations. Revenues Paychex...
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Stocks To Watch For December 21 (NKE, ADBE, KMX, JBL, PAYX)
Tuesday, December 21, 2010 - 4:20am | 270Some of the stocks that may grab investor focus today are: Analysts are expecting Nike Inc (NYSE: NKE) to have earned $0.88 per share in the second quarter. NKE shares gained 0.37% to $90.60 in after-hours trading. Adobe Systems Incorporated (NASDAQ: ADBE) reported its FQ4 profit at $0.53 per share...
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Fast Money Pops & Drops (HBAN, V, LVS, CHK, AEO, AKAM)
Monday, December 20, 2010 - 7:41pm | 332On CNBC's Fast Money Pops & Drops, traders shared their thoughts with the audience on the stocks that had a significant price movement today. Akamai Technologies, Inc. (NASDAQ: AKAM) dropped 3.34%, and closed at $49.17 on Monday, on the news that it lost an appeal in its suit against LimeLight...
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CSC's Insurance Offerings in Demand - Analyst Blog
Monday, December 20, 2010 - 7:03pm | 504Virginia-based Computer Sciences Corp. (CSC) announced that it has inked a multi-year licensing agreement with a leading US insurance carrier. The insurance carrier is nationally ranked by A.M. Best Company, a credit rating firm focused on the banking and insurance sectors. Financial terms were...
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CSC's Insurance Offerings in Demand - Analyst Blog
Monday, December 20, 2010 - 6:30pm | 504Virginia-based Computer Sciences Corp. (CSC) announced that it has inked a multi-year licensing agreement with a leading US insurance carrier. The insurance carrier is nationally ranked by A.M. Best Company, a credit rating firm focused on the banking and insurance sectors. Financial terms were...
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CSC Announces Acquisition of CenTauri Solutions
Monday, December 20, 2010 - 5:31pm | 60CSC (NYSE: CSC) today announced that it has acquired CenTauri Solutions, LLC. The company, based in Alexandria, Va., provides information technology systems and services, systems engineering and intelligence analysis, as well as intelligence, surveillance and reconnaissance solutions that serve the...
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Paychex, Inc. Reports Second Quarter EPS of $.27 vs. $.35
Monday, December 20, 2010 - 5:01pm | 48Paychex, Inc. (NASDAQ: PAYX) today announced total revenue of $512.0 million for the three months ended November 30, 2010, a 3% increase from $496.6 million for the same period last year. Net income and diluted earnings per share increased 6% to $133.9 million and $0.37 per share, respectively.
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EXL Announces New Delivery Center in India
Monday, December 20, 2010 - 1:05pm | 61ExlService Holdings, Inc. (Nasdaq: EXLS) today announced the official inauguration of a new global delivery center in Noida. This inauguration marks the completion of EXL's first phase of expansion plans in Noida, which was announced earlier in the first quarter of 2010. EXL will begin providing...
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Company News for December 20, 2010 - Corporate Summary
Monday, December 20, 2010 - 11:09am | 686• AT&T (NYSE:T) plans a $1.925 billion purchase of Qualcomm's (NASDAQ:QCOM) wireless spectrum • Sasol (NYSE:SSL) offered $1.04 billion for 50% stake in Talisman Energy's (NYSE:TLM) share gas assets • Raytheon (NYSE:RTN) has offered shareholders $38 per share for Applied Signal Technology (...
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Robert W. Baird Downgrades (FISV, SHO)
Monday, December 20, 2010 - 10:37am | 38Robert W. Baird downgrades the following companies: Fiserv (NASDAQ: FISV) from Outperform to Neutral. Sunstone Hotel (NYSE: SHO) from Outperform to Neutral.