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NeuStar New CEO Lisa Hook
Thursday, October 7, 2010 - 10:38am | 95NeuStar, Inc. (NYSE: NSR) has been selected as the new CEO and says 3Q net income is up. In a research report Deutsche Bank writes, "We expect the transition to be smooth since Ms. Hook has been running operations for almost three years. While NSR's core number portability business remains...
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LPS Management Addresses Litigation Concerns
Thursday, October 7, 2010 - 9:56am | 161Lender Processing Services, Inc. (NYSE: LPS) management defended its business practice and its arrangements with its customers and its relationships with various law firms from their current litigation. In a research note, Oppenheimer writes, "We believe LPS management provided a strong defense...
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ADP Announces Acquisition of MasterTax
Thursday, October 7, 2010 - 9:10am | 131Automatic Data Processing Inc. (NASDAQ: ADP) today announced that it has acquired MasterTax, LLC and MasterTax Services, LLC, collectively a leading provider of payroll tax and compliance software and services. The terms of the transaction were not disclosed. Based in Scottsdale, Ariz., MasterTax...
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J.P. Morgan Discusses Fiserv After Analysts Day (FISV)
Thursday, October 7, 2010 - 7:01am | 150J.P. Morgan Chase & Co. is out with a research report on Fiserv, Inc. (NASDAQ: FISV), after the company held an analyst day yesterday. It has a $60 price target on FISV, and rates shares at Neutral. In the research report, J.P. Morgan writes, "We believe Fiserv is executing well in a...
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BMC Acquires Software Unit - Analyst Blog
Wednesday, October 6, 2010 - 7:12pm | 1024Milan-based Neptuny Software is the leading provider of Information Technology (IT) Performance Optimization, as well as Capacity and Virtualization Planning solutions. Neptuny's Caplan solution, which is basically a Capacity Planning solution for large data centers and networks, facilitates...
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Neustar Names Lisa Hook Chief Executive Officer
Wednesday, October 6, 2010 - 4:04pm | 55Neustar, Inc. (NYSE: NSR) today announced that its Board of Directors has elected Lisa Hook as President and Chief Executive Officer of Neustar. Ms. Hook currently serves as President and Chief Operating Officer. The appointment is the culmination of a succession plan three years in the making.
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Meredith Whitney Not Batting A Thousand, But Who Does?
Wednesday, October 6, 2010 - 10:29am | 306Meredith Whitney, president of Meredith Whitney Advisory Group has made herself into a very influential analyst on Wall Street, and when she speaks, the markets listen. Unfortunately, she hasn't been right on her investment ideas lately, costing clients potentially lots of money. Whitney called...
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Fiserv Sees Momentum Picking Up
Wednesday, October 6, 2010 - 10:15am | 118Fiserv's (NASDAQ: FISV) Investor Day largely focused on untapped growth opportunities across both of its business segments. In a report by Oppenheimer, Fiserv affirmed its 2010 guidance and cited strong business momentum heading into 2011. Despite improvement, management does not anticipate the...
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Oppenheimer Says Momentum For Fiserv Picking Up (FISV)
Wednesday, October 6, 2010 - 7:30am | 137Oppenheimer & Co. says the momentum for Fiserv, Inc. (NASDAQ: FISV) is picking up. It rates shares at Perform. In the research note, Oppenheimer writes, "Fiserv's Investor Day largely focused on untapped growth opportunities across both of its business segments (payments and financial). Fiserv...
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Buyers Showing More Conviction 10-05-2010
Tuesday, October 5, 2010 - 6:53pm | 729Cusick's Corner Buyers are showing more conviction today after the Bank of Japan voted today to cut its interest rate and increase liquidity by purchasing bonds and other asset backed securities, further fueling the idea that the US may have plans for Quantitative Easing. Some traders who were...
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Kinetic Initiated at Neutral - Analyst Blog
Tuesday, October 5, 2010 - 4:33pm | 614Recently, we initiated our coverage on Kinetic Concepts, Inc. (KCI) with a Neutral rating. Kinetic reported an adjusted EPS of $1.01, beating the Zacks Consensus Estimate of $0.97 and the year-ago quarter's $0.98. Net sales (including rental income) of the company increased 1.3% to $497.8 million...
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Japanese Prints 10-05-2010
Tuesday, October 5, 2010 - 3:33pm | 802Cusick's Corner The Bank of Japan turned on the printing press, which in turn adds more fuel to the Gold markets (GCZ10). The move by the Japanese and the reaction of the Yen (JYZ10) which is still going up has lead market players to continue to doubt the power of paper and relative safety of the...
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Meredith Whitney: Bank Stocks Are Boring
Tuesday, October 5, 2010 - 8:58am | 207Meredith Whitney, said that bank stocks are "boring" in an interview with Becky Quick, as she believes that banks will have one more good quarter, before the credit quality of holdings will deteriorate. She went on to say that financials need vibrant operations outside of the U.S., and need...
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Oppenheimer Retains Outperform On Credit Cards (V, MA)
Tuesday, October 5, 2010 - 8:16am | 175Oppenheimer & Co. is maintaining its Outperform rating on shares of Visa (NYSE: V) and Mastercard (NYSE: MA), and $100 and $260 price targets respectively, after both companies settled with the DOJ yesterday. In the research report sent to clients, Oppenheimer writes, "On the heels of the DOJ...
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Goldman Sachs On Credit Card News
Tuesday, October 5, 2010 - 7:49am | 156Goldman Sachs has published a research report for America's IT Services - Transaction Processing, which includes MasterCard Inc. (NYSE: MA) and Visa Inc. (NYSE: V). In the report, Goldman Sachs writes "On October 4, 2010, the DOJ formally filed and subsequently settled a lawsuit against MA/V...