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CSC Taking Over Image Solutions - Analyst Blog
Wednesday, December 8, 2010 - 6:45pm | 493Virginia-based Computer Sciences Corp. (CSC) announced that it has inked a deal to acquire privately held information technology outsourcing company Image Solutions Inc. Financial details were not divulged. The deal is pending approval from Image Solutions' shareholders and is expected to be...
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Visa Site Down On WikiLeaks Attack
Wednesday, December 8, 2010 - 5:14pm | 45Shares of Visa (NYSE: V) are off in the after-hours after a group that is supporting WikiLeaks has attacked its corporate website, crashing the website. Visa says that card holders can continue to use their cards regularly.
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MoneyGram Proved Innocent - Analyst Blog
Wednesday, December 8, 2010 - 5:03pm | 613On Tuesday, MoneyGram International Inc. (MGI) received a reversal of $16.5 million as the verdict that was passed against it in a patent-infringement lawsuit filed by Western Union Inc. (WU) in 2009 was proved invalid. The US Court of Appeals for the Federal Circuit in Washington ruled out the...
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Mastercard Says Accounts Not Compromised
Wednesday, December 8, 2010 - 4:35pm | 106Mastercard (NYSE: MA) was supposedly the victim of an attack by WikiLeaks supporters this morning after the company blocked donations to the organization. MasterCard said that it has made progress in getting service back to its website, which was the subject of the attack. It was clear to make...
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MoneyGram Proved Innocent - Analyst Blog
Wednesday, December 8, 2010 - 4:30pm | 613On Tuesday, MoneyGram International Inc. (MGI) received a reversal of $16.5 million as the verdict that was passed against it in a patent-infringement lawsuit filed by Western Union Inc. (WU) in 2009 was proved invalid. The US Court of Appeals for the Federal Circuit in Washington ruled out the...
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MasterCard Says It "Has Made Significant Progress in Restoring Full-service to Its Corporate Website"
Wednesday, December 8, 2010 - 3:55pm | 64MasterCard (NYSE: MA) says the company "has made significant progress in restoring full-service to its corporate website. Our core processing capabilities have not been compromised and cardholder account data has not been placed at risk." "While we have seen limited interruption in some web-based...
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Mastercard Website Hacked, Offline For Hours (MA)
Wednesday, December 8, 2010 - 10:51am | 56When was the last time Mastercard's (NYSE: MA) website was down for more than a couple hours? Try it right now. Go to mastercard.com. Nada. Rumors are circulating that supporters of Wikileaks (hackers) are taking credit for the trouble, as MasterCard stopped processing payments for Wikileaks...
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Oppenheimer Maintaining Outperform On Broadridge Financial Solutions
Wednesday, December 8, 2010 - 9:23am | 99Oppenheimer & Co. has an Outperform rating and a $27 price target on Broadridge Financial Solutions (NYSE: BR). In a note sent to investors, Oppenheimer writes, "Even without an improvement in the business, we believe EPS can top $2.00 in FY13 vs. FY11E of $1.60. This is the result of a...
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Oppenheimer Maintains Broadridge Financial Solutions PT And Rating
Wednesday, December 8, 2010 - 9:18am | 81Even without an improvement in the business, Oppenheimer said it believes Broadridge Financial Solutions' (NYSE: BR) EPS can top $2.00 in FY13 vs. FY11E of $1.60. “This is the result of a reversal in headwinds from the IBM, Penson and MSSB transactions,” Oppenheimer writes. “A market recovery could...
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Lawsuit Slams Discover Bank - Analyst Blog
Wednesday, December 8, 2010 - 3:03am | 563Discover Bank, a unit of Discover Financial Services (DFS) has been accused by the Minnesota attorney general of keeping customers uninformed about their buying decisions pertaing to the company's services. The lawsuit was filed in the Hennepin County District Court. According to the lawsuit,...
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Session Pullback After Talk of Filibuster 12-07-2010
Tuesday, December 7, 2010 - 7:52pm | 848Cusick's Corner The end of day pullback came because there are headlines floating around that Democrats are already looking to block/filibuster the extension of Bush tax cuts. This is the headline risk that we are all going to have to manage in the foreseeable future. Energy will be in the...
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Global Payments Announces New $600M Credit Facility Agreement
Tuesday, December 7, 2010 - 6:02pm | 70Global Payments Inc. (NYSE: GPN) announced today the closing of a five-year, $600 million revolving credit agreement with a syndicate of financial institutions. The revolver agreement expires in December 2015 and carries a short-term variable interest rate plus a leverage-based margin. In...
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Lawsuit Slams Discover Bank - Analyst Blog
Tuesday, December 7, 2010 - 4:10pm | 563Discover Bank, a unit of Discover Financial Services (DFS) has been accused by the Minnesota attorney general of keeping customers uninformed about their buying decisions pertaing to the company's services. The lawsuit was filed in the Hennepin County District Court. According to the lawsuit,...
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Options Brief: The Western Union Company (WU)
Tuesday, December 7, 2010 - 1:24pm | 93Shares of The Western Union Company (NYSE: WU) are higher on the session by 0.22%, trading at $18.40. Overall put volume is now running at 4.28x the daily average, with 85% of all puts traded being purchases on the offer. 2,573 contracts have traded on the session so far. The Western Union Company...
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Tuesday's Put/Call Ratio Leaders (WU, SPWRB, NETL, LFC, DFS)
Tuesday, December 7, 2010 - 1:20pm | 93Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Western Union (NYSE: WU) 2,573 puts, 70 calls 2. SunPower Corp. (NASDAQ: SPWRB) 3,763 puts, 265 calls 3. NetLogic Microsystems (NASDAQ: NETL) 2,879 puts, 350 calls 4. China Life...