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Fiserv Announces Public Offering (FISV)
Tuesday, September 14, 2010 - 9:17am | 81Fiserv, Inc. (NASDAQ: FISV) announced today that it had commenced a public offering of its senior notes due 2015 and senior notes due 2020, subject to market and other conditions. Fiserv intends to use the net proceeds of the offering to fund a tender offer for up to $250 million of its 6.125%...
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Raytheon Delivers First F-15E AESA Radar System
Tuesday, September 14, 2010 - 9:06am | 89Raytheon Company (NYSE: RTN) has delivered the first APG-82(V)1 Active Electronically Scanned Array radar for the U.S. Air Force's F-15E radar modernization program. "Providing the warfighter with the best combat technology system available is our commitment to our customers," said Steve...
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Visa Falls On Downgrade In Rating
Monday, September 13, 2010 - 3:23pm | 82Shares of Visa Inc (NYSE: V) moved down more than after the analyst Rod Bourgeois at Sanford Bernstein downgraded the company from “outperform” to “market perform.” V's shares lost 4.22% to 65.22 at 3:15 pm. Bourgeois has also lowered his price target for the company by $16 to $77. Shares of Visa...
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Late Market Roundup (V, ADS, XOM, FUL)
Monday, September 13, 2010 - 2:40pm | 243US stocks have narrowed their gains after the downward movement of consumer stocks. Shares of Visa Inc. (NYSE: V) declined more than 4% after Sanford Bernstein downgraded the company. The Dow Jones Industrial Average was up by 100 points in the morning, but is now up by about 34 points. The board...
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10 Stocks Expected to Gain at Least 50%
Monday, September 13, 2010 - 8:04am | 264BOSTON (TheStreet) -- The S&P 500 has rebounded 5.4% so far in September, following a 4.7% drop last month. Those who are underinvested and hope to catch the next wave of upside may want to consider the following 10 stocks, which receive top ratings from analysts and are expected to gain at...
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Verifone Acquires Semtek - Analyst Blog
Friday, September 10, 2010 - 4:36pm | 354VeriFone Systems, Inc. (PAY) announced that it has acquired encryption leader Semtek for $18 million in a move to deliver end-to-end encryption solutions. In October 2007, VeriFone made an initial equity investment in Semtek. In April 2008, VeriFone introduced VeriShield Protect, the first...
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Company News for September 10, 2010 - Corporate Summary
Friday, September 10, 2010 - 10:06am | 911• National Semiconductor (NYSE: NSM) posted fiscal first quarter results of 36 cents a share, one cent below estimates, on revenues of $412 million, below consensus projections of $415 million. The company CEO noted, "In the near term, slower growth in our end markets and distribution channel,...
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Jared's Market Commentary - The Final Destination
Friday, September 10, 2010 - 9:25am | 738Last weekend I watched The Final Destination, which is the fourth movie in a series based on some guy sees all these clues about how a bunch of people are going to die. He tries to change fate, tries to warn people, but in the end everybody dies. That's how this market looks, feels, and is...
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Jefferies Believes Private Equity LBO's Could Occur In IT Services (CSC)
Friday, September 10, 2010 - 7:23am | 112Jefferies & Co. believes that private equity leveraged buyout offers (LBO) could occur in the information technology sector, especially Computer Sciences Corp (NYSE: CSC). It raised CSC to Buy from Hold on this news. In the report, Jefferies writes, "We have performed a private equity/LBO...
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More Deals for Computer Science Corp - Analyst Blog
Thursday, September 9, 2010 - 7:45pm | 467Computer Science Corporation (CSC) maintains its habit of winning deals at regular intervals. The company recently clinched a deal with an intelligence community agency, whereby it is expected to provide a delivery order to provide information technology (IT) services for two new sites in San...
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Visa Getting Hammered Again (V, MA)
Thursday, September 9, 2010 - 12:18pm | 114Shares of Visa (NYSE: V) are down sharply once again today on very heavy volume. Shares are down $1.69, or 2.47%, to $66.86. The stock is just barely above its 52-week low of $66.54. More than 5.9 million shares have already traded versus the three-month daily average of 6.5 million. Both Visa and...
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The Death Of Credit Cards
Thursday, September 9, 2010 - 9:54am | 118Government statistics have shown that for several months American have cut back on the use of credit. The news would seem to be bad for credit card companies, but there has not been much evidence about how bad. New research shows that half of Americans with access to credit may quit using credit...
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CSC Wins $26 Million Contract
Thursday, September 9, 2010 - 8:04am | 60CSC (NYSE: CSC) announced today that the U.S. Navy awarded the company a support services contract for the Air Test and Evaluation Squadron 9 (VX-9). The contract, which was awarded during CSC’s fiscal 2011 first quarter, has a one-year base period and four one-year options, bringing the estimated...
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Options Update: MasterCard Volatility Elevated
Thursday, September 9, 2010 - 7:52am | 119MasterCard Incorporated (NYSE: MA) closed down $6.12 to $194.40. Traders are concerned the Federal Reserve's potential approach to debit rules following the Financial Reform Bill could pressure the shares of MA and Visa. October put option implied volatility is at 36, January is at 38. This is...
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Aon Prices Senior Notes - Analyst Blog
Wednesday, September 8, 2010 - 6:15pm | 971To finance the acquisition of Hewitt Associates, Inc. (HEW), Aon Corporation (AON) has priced its public offering of senior unsecured notes aggregating $1.5 billion. Aon anticipates closing the notes offering subject to customary closing conditions on September 10. Aon will sell its notes in...