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Calls Active As Verifone Rallies (PAY)
Thursday, September 30, 2010 - 1:47pm | 178Shares of VeriFone Systems, Inc. (NYSE: PAY) are higher on the session by 5.58%, currently trading at $30.67. The stock has been moving largely higher for the past six months, moreover for the past year, and is at a new 52-week high. Options traders are coming after calls today. Though action has...
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Traders Quite Bearish on Lender Processing Services (LPS)
Thursday, September 30, 2010 - 12:46pm | 202Shares of Lender Processing Services, Inc. (NYSE: LPS) are lower on the session by 0.95%, currently trading at $33.12. The stock has been moving largely lower over the past six months, though has seen some call buying as of late. The stock is now struggling with the 50-day moving average. Options...
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Afternoon Market Update (AIG, PRU, PAYX)
Thursday, September 30, 2010 - 10:51am | 179As per reports, the Chicago PMI jumped to 60.4% in September, up from 56.7% in August. However, the economists were expecting a decline to 55.0%. The national ISM manufacturing gauge is scheduled to release tomorrow. Shares of American International Group Inc (NYSE: AIG) gained about 6% after the...
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Top Performing Industries For September 30 (BBW, HYC, AOI, FFIV)
Thursday, September 30, 2010 - 10:49am | 230At 10:35 am, the Dow gained 0.47% to 10,886.59, the broader Standard & Poor's 500 index moved up 0.61% to 1,151.75 and the NASDAQ composite index rose 0.45% to 2,387.19. The industries that are driving the market today are: Toy & Hobby Stores: This industry jumped 2.35% by 10:35 am. The top...
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Mid-Day Market Movers (HYC, DEAR, RWC, VRNT)
Thursday, September 30, 2010 - 10:19am | 138Hypercom Corp (NYSE: HYC) jumped 45.39% to $6.15 at 10:08 am. HYC has rejected the unsolicited buyout offer of $5.25 per share from VeriFone Systems Inc (NYSE: PAY). Dearborn Bancorp Inc (NASDAQ: DEAR) climbed 29.50% to $1.80. DEAR's shares have jumped 195.74% so far this year. RELM Wireless...
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Paychex Names Martin Mucci President and CEO
Thursday, September 30, 2010 - 10:04am | 56The Board of Directors of Paychex, Inc. (NASDAQ: PAYX) today announced that Martin Mucci has been named president and chief executive officer. Mucci joined Paychex in October 2002 as senior vice president of operations following a 20-year career in the telecommunications industry. He assumes his...
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Hypercom Rejects Verifone's Unsolicited Buyout Offer Of $5.25 Per Share
Thursday, September 30, 2010 - 8:49am | 137Shares of Hypercom Corp (NYSE: HYC) jumped in pre-market trading as the company announced the rejection of an unsolicited buyout offer of $5.25 per share from VeriFone Systems Inc (NYSE: PAY). Hypercom believes that the offer by PAY undervalues the electronic-payments firm. VeriFone has offered to...
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MasterCard Worldwide Appoints Head of Global Commercial Products
Thursday, September 30, 2010 - 8:46am | 57MasterCard Worldwide (NYSE: MA) announced the appointment of Edward Glassman as Group Executive of Global Commercial Products, effective immediately. Glassman is responsible for leading the global development and commercialization of MasterCard's innovative commercial products and solutions that...
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Morgan Keegan Disccuses Verifone Holdings Hostile Bid For Hypercom (PAY)
Thursday, September 30, 2010 - 8:11am | 137Morgan Keegan takes a look at VeriFone Systems, Inc. (NYSE: PAY), after the company announced a hostile bid for Hypercom. It rates shares of Verifone at Outperform, and has a $32 price target. In the research report, Morgan Keegan writes, "We believe this transaction (especially the combined US...
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Goldman Discusses Western Union's Announcement (WU)
Thursday, September 30, 2010 - 7:43am | 114Goldman Sachs discusses The Western Union Company (NYSE: WU) earnings pre-announcement, as the company released preliminary numbers ahead of its investor day, which is today. In the research note, Goldman writes, "On the C-to-C side, WU management estimates that revenue increased by 1% yoy or 3%...
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Citi Says Buy Western Union (WU)
Thursday, September 30, 2010 - 7:39am | 121Citi Investment Research has a Buy rating and a $22 price target on shares of The Western Union Company (NYSE: WU), after the company pre-announced earnings yesterday. In the research report, Citi writes, "WU provided preliminary 3Q revenue metrics that are slightly above consensus expectations...
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Deutsche Bank Happy That Western Union Delivers (WU)
Thursday, September 30, 2010 - 7:17am | 119Deutsche Bank has thoughts on The Western Union Company (NYSE: WU), after the company pre-announced its earnings yesterday. It has a $17 price target and a Hold rating on shares. In the research note, Deutsche Bank writes, "While we appreciate that tonight's release gives WU more freedom to discuss...
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Western Union Affirms Outlook
Wednesday, September 29, 2010 - 4:47pm | 130The Western Union Company (NYSE: WU) today reports preliminary revenue and transaction estimates for the 2010 third quarter. The Company will be hosting an Investor Day in New York on September 30. “We have made good progress this year, and we continue to have solid transaction growth,” said...
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Western Union Reports Estimated Third Quarter Business Trends; Revenue up 1%
Wednesday, September 29, 2010 - 4:25pm | 105The Western Union Company (NYSE: WU) today reports preliminary revenue and transaction estimates for the 2010 third quarter. The Company will be hosting an Investor Day in New York on September 30. The Company's revenue increased 1%. Constant currency revenue increased 3%, or 1% excluding Custom...
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VeriFone Announces Proposal to Acquire Hypercom for $5.25 per Share
Wednesday, September 29, 2010 - 4:06pm | 46VeriFone Systems, Inc. (NYSE: PAY) today announced that it has sent a letter to the Board of Directors of Hypercom Corporation, detailing a proposal to acquire all of the outstanding shares of Hypercom for $5.25 per share in cash.