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JP Morgan Comments on MasterCard's EMV Announcement
Tuesday, January 31, 2012 - 11:19am | 188JP Morgan has published a research report on Payment Processing today after MasterCard (NYSE: MA) reported last night its EMV (Europay/MasterCard/Visa) strategy in the US designed to enhance security. In the report, JP Morgan writes, "This announcement is clearly a positive for the POS terminal...
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Lender Processing Services Files Motion to Dismiss Nevada Attorney General Complaint
Tuesday, January 31, 2012 - 9:06am | 91Lender Processing Services, Inc. (NYSE: LPS) today responded to the civil complaint filed by the Nevada Attorney General against the company in December 2011. In the company's Motion to Dismiss, LPS makes clear that the Attorney General's complaint contains significant legal defects which require...
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Goldman Sachs Downgrades Mastercard to Neutral
Wednesday, January 11, 2012 - 8:54am | 27Goldman Sachs has downgraded Mastercard (NYSE: MA) from Buy to Neutral and has lowered the price target from $400 to $380.
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Notable Put Options Activity in Lender Processing Services
Tuesday, January 10, 2012 - 1:59pm | 107Shares of Lender Processing Services. (NYSE: LPS) are lower on the session by 0.26%, currently trading at $15.40. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. The strike...
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UPDATE: Jefferies Raises Price Target on Humana to $107
Monday, January 9, 2012 - 10:01am | 74According to Jefferies, Humana (NYSE: HUM) price target is raised to $107. Jefferies said that HUM's 8K on Friday evening indicated Retail Medicare Advantage (MA) net adds should be higher than its previous guidance. “Our $107 PT reflects a '12 multiple of 13.4x. HUM trades at 11.6x '12E EPS,...
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Fast Money Picks For January 6th (MBT, MA, DECK)
Thursday, January 5, 2012 - 8:04pm | 159CNBC Fast Money's Tim Seymour said on the show that he would stay with Mobile TeleSystems OJSC (ADR) (NYSE: MBT). He sees this stock at $17.10. Mobile TeleSystems OJSC (ADR) (MBT) spiked 6.16% today, and it closed at $15.86. Dennis Gartman would buy British pound, and he would sell the Swiss franc...
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Notable Call Options Activity in Lender Processing Services
Monday, December 19, 2011 - 1:37pm | 126Shares of Lender Processing Services (NYSE: LPS) are lower on the session by 1.75%, currently trading at $14.55. The stock has been moving largely lower over the past five weeks and is currently trading below the 50-day moving average. Options traders are focusing on calls today. The strike seeing...
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End-of-Day Market Summary for December 16, 2011
Friday, December 16, 2011 - 5:21pm | 545This is your Benzinga news summary for Friday, December 16, 2011, covering headlines from Friday's daytime trading session. Today at market close, the Dow Jones Index traded down about 2.57 points or 0.02%, the S&P 500 traded 0.32% higher, the Nasdaq Composite Index traded up 0.56%, and the U....
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Afternoon Movers; Markets Moved Higher
Friday, December 16, 2011 - 5:08pm | 111RSC Holdings (NYSE: RRR) +57.8% after acquisition announcement by United Rentals Cobalt International Energy (NYSE: CIE) +22% on heavy volume Alexco Resource Corp (NYSE: AXU) +16.3% on heavy volume Nicor (NYSE: GAS) -24.6% on weak volume Inhibitex (NASDAQ: INHX) -19.5% on poor analyst sentiment...
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LPS Responds to Allegations from Nevada Attorney General
Friday, December 16, 2011 - 4:52pm | 177Lender Processing Services, Inc. (NYSE: LPS) strongly disputes the allegations made in the complaint filed by the Nevada Attorney General yesterday evening. LPS has cooperated with the Attorney General's office for more than 14 months to resolve its inquiry in a manner which would benefit the...
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Mad Money Lightning Round: Cramer Likes Johnson & Johnson
Friday, December 9, 2011 - 4:43am | 297On CNBC's Mad Money, Jim Cramer said during the Lightning Round that NovaGold Resources (AMEX: NG) is a “very speculative stock. If you believe in gold long term, then I'll bless it." For Johnson & Johnson (NYSE: JNJ), he said, "I think you're fine with J&J. I don't like all the recalls,...
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Bank of America Reinstates Buy, $430 Target on MasterCard
Thursday, December 8, 2011 - 10:13am | 96Bank of America reinstates coverage with a Buy rating and $430 target price on MasterCard Inc. (NYSE: MA) on a fresh view on the company's secular growth. BofA says, “We think MA's strong business momentum will continue, albeit at a more moderate pace, driven by secular payment volume growth,...
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Will Verizon be the Death of Google Wallet?
Tuesday, December 6, 2011 - 11:05am | 979How do you compete in a highly competitive market? By eliminating the competition wherever possible. I'm a big fan of competition. I appreciate the ongoing battle between Coke (NYSE: KO) and Pepsi (NYSE: PEP). I value the challenge General Motors (NYSE: GM) faces in gaining back customers it lost...
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MasterCard and Western Union Partner to Fuel Growth of Electronic Payments
Tuesday, November 29, 2011 - 3:07pm | 260MasterCard (NYSE: MA) and The Western Union Company (NYSE: WU) today announced a global agreement that will make electronic payments, including prepaid cards and money transfers, more efficient and convenient for consumers around the world. Today, an estimated 2.5 billion adults worldwide are...
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Is Cyber Monday a Joke?
Monday, November 28, 2011 - 11:57am | 757Is today a big day for savings, or just a big day for retailers to cash in on gullible consumers? That depends on where you shop. While Amazon.com (NASDAQ: AMZN) shoppers could get lost in the mountain of discounts being offered today, many corporations are taking advantage of the Cyber Monday...