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Options Brief: Automatic Data Processing (ADP)
Tuesday, November 16, 2010 - 3:03pm | 101Shares of Automatic Data Processing (NYSE: ADP) are lower on the session by 1.75%, trading at $44.61. Overall put volume is now running at 5.46x the daily average, with 45% of all puts traded being purchases on the offer. 3,068 contracts have traded on the session so far. Automatic Data Processing...
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Oppenheimer Attracted To MasterCard & Intuit Inc.
Tuesday, November 16, 2010 - 9:11am | 171Oppenheiemr is highly attracted to MasterCard's (NYSE: MA) powerful brand, its vast global acceptance network, and its strong business model. It believes the company is well positioned to benefit from the long-term secular shift from paper to plastic and growing consumer consumption. Benefiting...
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CSC Signs $387M IT Services Contract Extension with Textron
Tuesday, November 16, 2010 - 9:02am | 65CSC (NYSE: CSC) today announced a three-year extension to its global information technology (IT) outsourcing agreement with Textron Inc. (NYSE: TXT). The extension, which was awarded during CSC's fiscal 2011 second quarter, is valued at $387 million and extends the original agreement through...
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Moneygram International Chairman Acquires 200,000 Shares of MGI
Monday, November 15, 2010 - 5:03pm | 56In a Form 4 filed earlier today, Moneygram International (NYSE: MGI) Chairman of the Board, Pamela Patsley, reported that she exercised options and acquired 200,000 shares of MGI on November 11th for an average price of $1.50. The transaction totaled $300,000. Ms. Patsley owns 200,000 direct...
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Zacks Analyst Blog Highlights: Pepco Holdings, Chevron Corporation, Computer Sciences, Energy Transfer Partners L.P. and Kinder Morgan Energy Partners L.P. - Press Releases
Monday, November 15, 2010 - 11:30am | 2371For Immediate Release Chicago, IL – November 15, 2010 – Zacks.com Analyst Blog features: Pepco Holdings Inc. (POM), Chevron Corporation (CVX), Computer Sciences Corp. (CSC), Energy Transfer Partners L.P. (ETP) and Kinder Morgan Energy Partners L.P. (KMP). Get the most recent insight from Zacks...
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Japanese Q3 2010 GDP growth hit it out of the ballpark but set to fall flat next quarter
Monday, November 15, 2010 - 10:36am | 738The Japanese economy grew 3.9% at a seasonally-adjusted annualized rate in Q3 2010 and over 2X the pace in Q2 2010 (data here). According to Bloomberg, the headwinds to Q4 growth are household consumption and the yen: Consumption, accounting for about 60 percent of GDP, led the gain as households...
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CSC Wins $230 Million Task Order
Monday, November 15, 2010 - 9:19am | 91CSC (NYSE: CSC) announced today that the Centers for Medicare & Medicaid Services Office of Clinical Standards and Quality awarded the company a task order to migrate key information technology systems to a new service-oriented architecture. The contract, which was awarded during CSC's fiscal...
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J.P Morgan Remains Neutral On Automatic Data Processing Following Analyst Day
Monday, November 15, 2010 - 9:19am | 213Last week J.P Morgan met with Automatic Data Processing (NYSE: ADP) management in Boston. As expected, management did not provide a mid-quarter update, but maintained a positive tone consistent with the F1Q earnings call when ADP surprisingly raised its forecast one quarter into the fiscal year....
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Alliance Data Provides October Private Label Performance Update
Monday, November 15, 2010 - 8:44am | 40Alliance Data Systems Corporation (NYSE: ADS) today provided an update on its Private Label segment. Average receivables $ 4,892,202,000 Year over year portfolio growth 13% Net charge-offs $ 35,628,000 Net charge-offs as a percentage of average...
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CSC to License Billing Software - Analyst Blog
Friday, November 12, 2010 - 8:36pm | 451Virginia-based Computer Sciences Corp. (CSC) announced that it has signed a multi-year licensing agreement with leading insurance group, Shelter Mutual Insurance Company of Columbia. Financial terms were not disclosed. As per the agreement, Computer Sciences will license its Exceed Billing...
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GM IPO Six Times Oversubscribed
Friday, November 12, 2010 - 4:36pm | 161The General Motors IPO is six times over subscribed, according to an article from Reuters. According to three people familiar with the matter, the preferred stock offering is also over subscribed, and with these over allotments, it could bring the total offering to $15.65 billion including the...
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Calls Purchased on Automatic Data Processing (ADP)
Friday, November 12, 2010 - 1:59pm | 147Shares of Automatic Data Processing (NYSE: ADP) are lower on the session by 1.13%, currently trading at $45.31. The stock has been moving largely higher over the past three months, rallying from a recent low near $38.50 and above the 50-day and 200-day moving averages. Options traders are buying...
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Zacks Analyst Blog Highlights: J.C. Penney Company, Macy's, Kohl's Corporation, Computer Sciences Corporation and Hewlett-Packard - Press Releases
Friday, November 12, 2010 - 11:33am | 1369For Immediate Release Chicago, IL – November 12, 2010 – Zacks.com Analyst Blog features: J.C. Penney Company Inc. (JCP), Macy's Inc. (M), Kohl's Corporation (KSS), Computer Sciences Corporation (CSC) and Hewlett-Packard Company (HPQ). Get the most recent insight from Zacks Equity Research with...
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2010 Fund Performance Period 11
Thursday, November 11, 2010 - 5:05pm | 4669If, after reading the blog content you might have an interest in participation for the mutual fund, please consider reading why this blog exists. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked Questions] Our story in Barron's [A New Kind of Fund Manager] [November...
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Alliance Data's Long-Term Deal - Analyst Blog
Thursday, November 11, 2010 - 4:33pm | 381Alliance Data Systems Corporation (ADS) has inked a long-term deal with American Laser Centers to provide private label credit services designed to drive sales and enhance long-term customer loyalty. Per the agreement, Alliance Data will offer private label credit services, including account...