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Alliance Data Provides Private Label Performance Update
Wednesday, December 15, 2010 - 8:33am | 32Alliance Data Systems Corporation (NYSE: ADS) today provided an update on its Private Label segment. For the month ended November 30, 2010: Average receivables $ 4,985,282,000 Net charge-offs $ 36,911,000
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Alliance Data Provides Private Label Performance Update
Wednesday, December 15, 2010 - 8:33am | 32Alliance Data Systems Corporation (NYSE: ADS) today provided an update on its Private Label segment. For the month ended November 30, 2010: Average receivables $ 4,985,282,000 Net charge-offs $ 36,911,000
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Alliance Data Provides Private Label Performance Update
Wednesday, December 15, 2010 - 8:33am | 32Alliance Data Systems Corporation (NYSE: ADS) today provided an update on its Private Label segment. For the month ended November 30, 2010: Average receivables $ 4,985,282,000 Net charge-offs $ 36,911,000
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MoneyGram International Files to Sell $500M of Common Stock
Tuesday, December 14, 2010 - 5:39pm | 73MoneyGram International (NYSE: MGI) today announced that the Company has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). The registration statement would also permit MoneyGram to offer and sell up to $500 million of its common stock, preferred...
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KBW's Business Information Services 2011 Outlook
Tuesday, December 14, 2010 - 9:59am | 102KBW released its Business Information Services 2011 Outlook and included its risks to target price for the following companies: Lender Processing Services (NYSE: LPS) Target Price: 40.00 Risk Factors: A prolonged real estate downturn that negatively impacts the number of actual mortgages...
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J.P. Morgan Expects Positive Stock Reaction for Computer Sciences
Tuesday, December 14, 2010 - 9:38am | 121J.P. Morgan is out with its report on Computer Sciences (NYSE: CSC) following CSC's board authorizing a new stock repurchase program of $1B. CSC increased its quarterly dividend by 33% from $0.15/sh, to $0.20/sh. In a note to clients, J.P. Morgan writes, "The announcement should satisfy the bulls,...
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Oppenheimer Has Outperform Rating On Computer Sciences (CSC)
Tuesday, December 14, 2010 - 9:26am | 148Oppenheimer & Co. has an Outperform rating and a $55 price target on shares of Computer Sciences Corporation (NYSE: CSC). In a note sent to clients, Oppenheimer writes, "CSC announced a surprising large-scale share repurchase program and a substantial increase in the firm's dividend, signaling...
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Oppenheimer Reiterating Overweight On Computer Sciences (CSC)
Tuesday, December 14, 2010 - 8:49am | 148Oppenheimer & Co. is reiterating its Outperform and $55 price target on shares of Computer Sciences Corp. (NYSE: CSC). In a research report sent to clients Oppenheimer writes, "CSC announced a surprising large-scale share repurchase program and a substantial increase in the firm's dividend,...
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CSC Board Approves Stock Repurchase of up to $1B
Monday, December 13, 2010 - 5:46pm | 115CSC (NYSE: CSC) today announced that its board of directors approved a new share repurchase program authorizing up to $1 billion in share repurchases of the company's outstanding common stock. CSC expects to implement the program through purchases made in open market transactions in compliance with...
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Lumbering Along 12-13-2010
Monday, December 13, 2010 - 4:34pm | 887Cusick's Corner Until a negative headline hits the wires, this grind up is the action of the day. For the contrarian this kind of market is a slow death and from experience should not be the course of action no matter how right you feel. One note, seeing some movement in the Lumber markets, LBF11 +...
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Xerox S&P's Top Pick For The Week (XRX)
Monday, December 13, 2010 - 4:33pm | 175Xerox Corporation (NYSE: XRX) has been picked by Standard & Poor's Equity Research as its Focus Stock of the Week. Xerox carries S&P's highest investment recommendation of five stars, or Strong Buy. "We believe Xerox is a major player in both the global document management and business...
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Paychex to Acquire SurePayroll - Analyst Blog
Monday, December 13, 2010 - 4:00pm | 521New York-based outsourcing service provider Paychex Inc. (PAYX) announced that it will acquire online payroll solutions provider, SurePayroll Inc. for a total consideration of $115.0 million in cash. The deal is expected to be wrapped up by the end of this month. After the acquisition,...
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Paychex to Acquire SurePayroll - Analyst Blog
Monday, December 13, 2010 - 3:38pm | 521New York-based outsourcing service provider Paychex Inc. (PAYX) announced that it will acquire online payroll solutions provider, SurePayroll Inc. for a total consideration of $115.0 million in cash. The deal is expected to be wrapped up by the end of this month. After the acquisition,...
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Visa, Mastercard Showing Strength Today
Monday, December 13, 2010 - 12:43pm | 108Visa (NYSE: V) and MasterCard (NYSE: MA) are showing strong strength today. This comes ahead of Thursday's release of the Fed's interpretation of the Durbin Bill. The Federal Reserve is expected to release a draft of its interpretation of the Durbin Bill. This will be a a very volatile day for...
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MoneyGram Reduces Debt - Analyst Blog
Monday, December 13, 2010 - 11:33am | 490Taking its debt reduction initiative one step ahead, on Friday MoneyGram International Inc. (MGI) announced an optional prepayment of $75 million against its tranche B term loan under its senior secured credit facility. MoneyGram reduced its loan by 7.5% by repaying a significant part on...