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MoneyGram Reduces Debt - Analyst Blog
Monday, December 13, 2010 - 11:13am | 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...
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Stock Market News for Dec 13, 2010 - Market News
Monday, December 13, 2010 - 10:33am | 1049On Friday, the markets ended slightly higher on positive economic data and better-than-expected rise in consumer sentiment. However, the markets' upward movement was subdued somewhat due to investors' cautious attitude towards European debt crisis, tensions between the two Korean nations and...
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Stock Market News for Dec 13, 2010 - Market News
Monday, December 13, 2010 - 10:06am | 1049On Friday, the markets ended slightly higher on positive economic data and better-than-expected rise in consumer sentiment. However, the markets' upward movement was subdued somewhat due to investors' cautious attitude towards European debt crisis, tensions between the two Korean nations and...
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CSC Elects Erik Brynjolfsson to the Board
Monday, December 13, 2010 - 9:43am | 34CSC (NYSE: CSC) today announced that Erik Brynjolfsson has been elected to the company's Board of Directors and appointed as a member of the Audit Committee.
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Keefe Bruyette & Woods On Credit Cards
Monday, December 13, 2010 - 9:31am | 110Keefe Bruyette & Woods writes "American Express, Capital One, Discover Financial, and Alliance Data Systems are expected to report November monthly data on Wednesday (12/15). In this note, we provide a recap of previous data, seasonal trends seen in November, our current estimates for the...
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United Federal Credit Union Selects FIS' MISER Core Processing Solution
Monday, December 13, 2010 - 9:16am | 47FIS (NYSE: FIS) today announced that it has signed an agreement with United Federal Credit Union for its MISER core processing solution. In addition to this core platform, United Federal Credit Union will also deploy FIS' CRM solution, Connections.
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Top 4 Stocks In The Staffing & Outsourcing Services Industry With The Highest Dividend Yield (PAYX, CDI, BBSI, ASF)
Monday, December 13, 2010 - 5:51am | 123Below are the top staffing & outsourcing service stocks on the NYSE and the NASDAQ in terms of dividend yield. Paychex Inc (NASDAQ: PAYX) has a dividend yield of 4.10%. PAYX's shares closed at $30.35 on Friday. CDI Corporation (NYSE: CDI) has a dividend yield of 2.80%. CDI's shares closed at $...
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VeriFone Key Player in Mobile Payment Revolution
Friday, December 10, 2010 - 4:56pm | 705VeriFone Systems Inc. (NYSE: PAY) is one of the key players in a growing movement to replace credit cards with smartphone payment applications. As a result, the San Jose company has seen its stock nearly triple in the past year. VeriFone is among the top five holdings of my Silicon Valley 2.0...
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Is ADP Trending Toward $50 and Beyond?
Friday, December 10, 2010 - 3:49pm | 136If you took advantage of Automatic Data Processing's (ADP) meandering this summer near $39, you made the correct move, as the shares have moved smartly higher, taking out resistance at $40. Moreover, ADP, which I first wrote about on May 8, 2009, at a price of $36.84, is still favored at this...
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MasterCard Buys Travelex's Prepaid - Analyst Blog
Friday, December 10, 2010 - 3:30pm | 788Expanding its global prepaid business, yesterday MasterCard Inc. (MA) announced the acquisition of UK-based largest non-bank foreign exchange supplier and cross-border service provider, Travelex's prepaid Card Program Management (CPM) division for an all-cash deal of £290 million (US$458 million...
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MasterCard Buys Travelex's Prepaid - Analyst Blog
Friday, December 10, 2010 - 3:08pm | 788Expanding its global prepaid business, yesterday MasterCard Inc. (MA) announced the acquisition of UK-based largest non-bank foreign exchange supplier and cross-border service provider, Travelex's prepaid Card Program Management (CPM) division for an all-cash deal of £290 million (US$458 million...
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J.P. Morgan Notes FIS's Updated Guidance
Friday, December 10, 2010 - 10:06am | 116J.P. Morgan notes FIS's updated estimates (NYSE: FIS) after FIS's annual investor conference. In a note to clients, "Guidance update: FY11 mixed, expanding LT objectives. FIS is guiding FY11 revenue growth of 9-11% or 4-6% in organic constant currency which compares to JPM/Street estimates of 2.9%/...
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A Peek Into The Market Before The Trading Starts
Friday, December 10, 2010 - 9:15am | 452Pre-open movers US stock futures are higher this morning, ahead of the US economic data. Futures on the Dow Jones Industrial Average gained 25 points to 11,322 and S&P 500 futures rose 4.60 points to 1,233. Nasdaq 100 futures moved up 6.25 points at 2,206. A Peek Into Global Markets Positive...
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MoneyGram International Announces $75M Debt Prepayment
Friday, December 10, 2010 - 8:41am | 42MoneyGram International (NYSE: MGI) today announced it will make an optional $75 million prepayment on its tranche B term loan under the senior secured credit facility. The loan payment will be made today, Friday, Dec. 10, 2010.
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Mad Money Lightning Round: Cramer Advises Investors To Buy BlackRock (LLY, DECK, CMI, OXPS, AXP, V, MRK, ABT, BLK)
Friday, December 10, 2010 - 4:21am | 265On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Eli Lilly (NYSE: LLY) is a “dividend play. I'll put it in the don't-buy camp. We need a bug drug from Lilly and they don't have it." For Deckers Outdoor (NASDAQ: DECK), he mentioned, "I think in light of what others are doing, I...