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SF FED: EXPECT A “SLUGGISH RECOVERY”
Monday, September 27, 2010 - 3:59pm | 1069The San Francisco Fed is out with a relatively honest and realistic outlook for the economy. Using two indicators that I have highlighted in the past the SF Fed comes to the conclusion that the next few years are likely to be below trend growth: Two indicators of economic activity The Federal...
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The Long and Short of Paychex, Inc. (PAYX)
Monday, September 27, 2010 - 3:18pm | 265Shares of Paychex, Inc. (NASDAQ: PAYX) are lower on the session by 1.03%, currently trading at $26.95. The company is scheduled to report earnings later today, after the closing bell. For a full earnings preview, including technical breakdown, earnings/guidance estimates, and volatility metrics,...
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Earnings Preview: Paychex, Inc. (PAYX)
Monday, September 27, 2010 - 2:59pm | 309Paychex, Inc. (NASDAQ: PAYX) is currently lower on the session by 0.88%, trading at $26.99. The company is scheduled to report earnings today, after the closing bell. • Estimates The Street is looking for Q1 earnings per share of $0.34 on revenue of $507.53 million. These estimates have stayed the...
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MGI Upgraded To Outperform
Monday, September 27, 2010 - 10:01am | 30Northland Securities has upgraded MoneyGram International (NYSE: MGI) from Market Perform to Outperform with a $3.50 price target. MoneyGram International Closed Friday at $2.19.
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Week in Preview: Earnings Expectations for Walgreen, Family Dollar, Jabil Circuit
Monday, September 27, 2010 - 9:29am | 564One of the most prominent quarterly reports scheduled this week, as the quarter winds down, comes from Walgreen (NYSE: WAG). Analysts surveyed by Thomson Reuters are looking for the drugstore chain operator to report Tuesday that its fiscal fourth-quarter earnings were about the same as a year ago...
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Earnings Scheduled For September 27 (JBL, CALM, PAYX, FGP, THO, GBX, VLGEA)
Monday, September 27, 2010 - 5:31am | 166Jabil Circuit Inc (NYSE: JBL) is scheduled to earn $0.48 per share in the fiscal fourth-quarter. Cal-Maine Foods Inc (NASDAQ: CALM) is likely to report a FQ1 loss of $0.07 per share. Paychex Inc (NASDAQ: PAYX) may post its FQ1 profit of $0.34 per share. Ferrellgas Partners-LP (NYSE: FGP) is...
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Stocks To Watch For September 27 (CALM, JBL, PAYX, VLGEA, THO)
Monday, September 27, 2010 - 5:30am | 180Some of the stocks that may grab the investor focus today are: Wall Street expects Cal-Maine Foods Inc (NASDAQ: CALM) to report a FQ1 loss of $0.07 per share. CALM' shares gained 0.66% to $30.50 in after-hours trading. Analysts are expecting Jabil Circuit Inc (NYSE: JBL) to have earned $0.48 per...
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VeriFone Systems, Inc. - Momentum
Monday, September 27, 2010 - 4:00am | 676VeriFone Systems, Inc. (PAY) recently hit a new multi-year high at $29.54 after reporting an solid Q3 earnings surprise of 8% in late August. Third-Quarter Results Revenue for the period was up 24% from last year to a record $262 million. Earnings also came in strong at 28 cents per share, 8%...
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Gen-Probe Files PMA for PROGENSA - Analyst Blog
Friday, September 24, 2010 - 9:51pm | 673Diagnostic products maker Gen-Probe Inc. (GPRO) has submitted a Pre-market Approval (PMA) application to the U.S. Food and Drug Administration (FDA) for its PROGENSA PCA3 assay, a novel molecular test designed to aid the diagnosis of prostate cancer. Gen-Probe is seeking FDA approval to use the...
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Visa Puts $800M in Escrow Account - Analyst Blog
Friday, September 24, 2010 - 9:51pm | 688On Tuesday, Visa Inc. (V) announced that it will deposit about $800 million to its escrow account, in order to fund its litigation costs. This action is considered equivalent to a repurchase of class B shares of the company. Accordingly, Visa will make the deposit under its previously implemented...
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A Peek Into The Market Before The Trading Starts
Friday, September 24, 2010 - 8:42am | 477Pre-open movers US stock futures gained after an unanticipated recovery in German business sentiment. Investors are also awaiting data on durable goods and new-home sales today. Futures on the Dow Jones Industrial Average gained 38 points to 10,644 and S&P 500 futures added 5.10 points to 1,126...
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CSGS To Purchase Intec For $370.9 Million
Friday, September 24, 2010 - 7:18am | 166CSG Systems International Inc (NASDAQ: CSGS) has signed an agreement to purchase British rival Intec Telecom Systems Plc for 236.7 million pounds ($370.9 million). CSGS will buy Intec for 72 pence per share, representing a 30% premium to its closing price on July 23. Through this deal, CSGS wants...
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$3.6 Billion Patelco Credit Union Selects Acumen from Fiserv
Thursday, September 23, 2010 - 10:31am | 70Fiserv, Inc. (NASDAQ: FISV) has signed an agreement to implement AcumenTM from Fiserv. The newest Fiserv account processing solution's Internet-based architecture, premium redundancy features, and cost-effective scalability were key factors in the credit union's decision. Patelco senior management...
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Convergys Channel Partner IP Integration Wins Contract
Thursday, September 23, 2010 - 9:56am | 67Convergys Corporation (NYSE: CVG) announced today that its channel partner, IP Integration has signed a contract for Convergys solutions with NHS Professionals (NHSP). Already an IPI client, NHSP will now use Convergys Intelligent Interaction Solutions, including Intervoice Voice Portal,...
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Epsilon Signs Expansion Agreement With Chico's (ADS, CHS)
Thursday, September 23, 2010 - 7:42am | 72Alliance Data Systems Corporation (NYSE: ADS) today announced that its Epsilon subsidiary has signed an expansion agreement with Fort Myers, FL-based Chico's (NYSE: CHS) to provide data overlay services. Under terms of the expanded agreement, Epsilon will now also include data from its proprietary...