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PPG Aerospace Total Service Solutions Awarded Gulfstream Contract (PPG)
Wednesday, September 29, 2010 - 4:01pm | 100The Total Service Solutions (TSS) group of PPG Industries' (NYSE: PPG) aerospace business has signed a multiyear contract with Gulfstream Aerospace Corp. to provide comprehensive chemical management. Under the agreement, PPG Aerospace custom-designed services will support the manufacturing...
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Two Sectors Pick Up Performance 09-29-2010
Wednesday, September 29, 2010 - 2:47pm | 808Cusick's Corner The market is stuck, hitting its head at 1150 resistance on the S&Ps and finally getting the back of the pack, both Financials (XLF) and Energy (XLE) to pick up their lackluster performance. While this is encouraging to the bulls, veteran market watchers are becoming more...
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Paychex Earnings: Its The Economy
Wednesday, September 29, 2010 - 8:12am | 166Paychex (NASDAQ: PAYX) founder Tom Golisano returned in the wake of recent CEO departure to find significant deterioration in sales force productivity and closing ratios within core payroll product, which likely exacerbated the negative impact of downturn in hiring/rates over past couple yrs....
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CSC Announces Cloud Foundation Services for Oracle
Wednesday, September 29, 2010 - 8:09am | 64Computer Sciences Corporation.(NYSE: CSC) today announced the ability for its customers to transform their business applications to a cloud-based computing infrastructure using Oracle hardware and software products. CSC Foundation Services for Oracle work together to assist clients in leveraging...
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MoneyGram International Makes $30 Million Debt Payment
Wednesday, September 29, 2010 - 7:24am | 69MoneyGram International (NYSE: MGI) announces it will make an optional $30 million prepayment on its tranche B term loan under the senior secured credit facility. The loan payment will be made today, Wednesday, Sept. 29, 2010. Including this latest payment, MoneyGram International will have paid $...
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Top 4 NYSE Stocks In The Services Sector With The Highest ROE (IHG, CPY, WU, SIX)
Wednesday, September 29, 2010 - 5:29am | 134Below are the top service stocks on the NYSE in terms of return on equity. The trailing-twelve-month return on equity at Intercontinental Hotels Group Plc (NYSE: IHG) is 1,190.63%. IHG's operating margin over the same period is 25.13%. The trailing-twelve-month return on equity at CPI Corp (NYSE:...
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Deutsche Bank Maintains Hold On WU Ahead Of Analyst Day
Tuesday, September 28, 2010 - 9:17am | 142Deutsche Bank maintains its Hold rating on Western Union (NYSE: WU) ahead of analyst day on Sep 30. This is the new CEO's first big meeting with the Street, refreshed outline of LT growth strategy could be in order, but Deutsche Bank thinks Western Union will remain hesitant to attach specific...
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TSYS Signs Agreement with Cynergy Data
Tuesday, September 28, 2010 - 9:10am | 143Total System Services, Inc.Com (NYSE: TSS) today announced that it has signed a contract to expand its services with Cynergy Data to serve as the preferred provider of authorization, settlement and dispute resolution services for the New York-based company. As a market leader in the payments...
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Fiserv Announces Early Tender Results of Offer to Purchase Its Outstanding 6.125% Senior Notes
Tuesday, September 28, 2010 - 9:05am | 134Fiserv, Inc. (NASDAQ: FISV) announced today that, as of 5:00 p.m., New York City time, on Monday, September 27, 2010, $553,865,000 aggregate principal amount of notes have been validly tendered and not validly withdrawn in connection with its previously announced cash tender offer to purchase up to...
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CSC Announces Cloud Foundation Services for Oracle (CSC, ORCL)
Tuesday, September 28, 2010 - 8:31am | 72CSC (NYSE: CSC) today announced the ability for its customers to transform their business applications to a cloud-based computing infrastructure using Oracle hardware and software products. CSC Foundation Services for Oracle (NASDAQ: ORCL) work together to assist clients in leveraging Oracle's...
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Paychex CEO Departs, Earnings Rise
Tuesday, September 28, 2010 - 7:50am | 89Oppenheimer has published a research report for Paychex, Inc. (NASDAQ: PAYX) on the company's outlook and earnings. In the report, Oppenheimer writes "EPS for 1Q:FY11 rose +7% Y/Y to $0.36 ($0.02 above our/Street estimate); upside was driven by better than expected revenue ($9.5M above our estimate...
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Stocks To Watch For September 28 (WAG, JBL, ZZ, PAYX, RIMM, AAPL)
Tuesday, September 28, 2010 - 4:27am | 279Some of the stocks that may grab the investor focus today are: Wall Street expects Walgreen Company (NYSE: WAG) to post its FQ4 EPS at $0.44. WAG's shares rose 0.23% to $30.42 in after-hours trading. Jabil Circuit Inc (NYSE: JBL) reported its Q4 profit at $0.27 per share, up from $0.03 per share,...
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Positive EU Opinion for AZN Drug - Analyst Blog
Tuesday, September 28, 2010 - 12:03am | 420AstraZeneca (AZN) recently received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) for Brilique (ticagrelor). The company is seeking approval in the EU for the use of Brilique in the prevention of atherothrombotic events in adult patients with Acute Coronary...
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Paychex Inc. Beats Earnings Estimates (PAYX)
Monday, September 27, 2010 - 4:12pm | 220Paychex Inc. (PAYX) reports Q3 earnings of $0.36 versus consensus of $0.34. Paychex Inc. reports revenues of $518.3 million versus consensus of $507.53 million. The company's guidance at that time was as follows: “We project that payroll service revenue for fiscal 2011 will be flat compared to...
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Paychex, Inc. Reports First Quarter EPS of $.36
Monday, September 27, 2010 - 4:08pm | 115Paychex, Inc. (NASDAQ: PAYX) today announced total revenue of $518.3 million for the three months ended August 31, 2010, an increase of 4% from $500.2 million for the same period last year. Net income increased 7% to $131.9 million and diluted earnings per share increased 6% to $0.36 per share....