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Morgan Stanley Maintains Overweight Rating on UnitedHealth Group
Tuesday, November 22, 2011 - 10:58am | 77A report from Morgan Stanley reiterates its Overweight rating on UnitedHealth Group (NYSE: UNH). The report states, “UNH to buy XL Health, a Medicare Advantage (MA) Special Needs plan. This deal complements UNH's existing Medicare business by adding additional capability to serve chronically ill...
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Bank of America Maintains Buy Rating and $56 PT on UnitedHealth Group
Tuesday, November 22, 2011 - 9:45am | 90A report from Bank of America reiterates its Buy rating and $56 price target on UnitedHealth Group (NYSE: UNH). The report states, “This morning, UNH announced that it is acquiring XLHealth, a private equity backed managed care company with 113,000 Medicare Advantage (MA) members, for an...
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MasterCard and Telefónica Create JV to Offer Consumer Financial Solutions Through Mobile Phones in Brazil
Tuesday, November 22, 2011 - 9:30am | 106MasterCard (NYSE: MA) and Telefónica today announced the creation of a joint venture to offer mobile financial solutions for 65 million Vivo consumers in Brazil. The initiative will create a mobile wallet allowing consumers to make payments via their mobile phones as well as transfer funds, pay...
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Goldman Sachs Publishes Report on IT Services
Tuesday, November 22, 2011 - 7:39am | 104In its report, Goldman Sachs writes, “Global consumer spending remains a key driver for our transaction and volume growth assumptions. With the upcoming holiday sales season around the corner we focus our attention on consumer sales expectations and our transaction volume growth assumptions for the...
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End-of-Day Market Summary for November 17, 2011
Thursday, November 17, 2011 - 5:15pm | 723This is your Benzinga news summary and traders' summary for Thursday, November 17, 2011, covering headlines from Thursday's trading session. Today at market close, the Dow Jones Index traded down about 134.86 points or 1.13%, the S&P 500 traded 1.68% lower, the Nasdaq Composite Index traded...
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LPS Responds to Nevada Attorney General Announcement
Thursday, November 17, 2011 - 10:21am | 82Lender Processing Services (NYSE: LPS) has previously disclosed that since 2010, the company has conducted reviews of the processes used in the signing and notarization of documents used in foreclosure proceedings. LPS recently learned of an inquiry from the Nevada Attorney General into its...
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LPS Responds to Nevada Attorney General Announcement
Thursday, November 17, 2011 - 10:19am | 201Lender Processing Services has previously disclosed that since 2010, the company has conducted reviews of the processes used in the signing and notarization of documents used in foreclosure proceedings. LPS recently learned of an inquiry from the Nevada Attorney General into its document execution...
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Will VeriFone's $1 Billion Acquisition Pay Off?
Monday, November 14, 2011 - 3:21pm | 924VeriFone is trading up more than 5% this afternoon on the news that it will acquire Northern Europe's largest provider of payment and gateway services. According to VeriFone's own release, the company will spend approximately €600 million to acquire all of the equity of Point, a provider of...
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Intel and MasterCard Join Forces to Enhance the Consumer Payment Experience for Online Shopping
Monday, November 14, 2011 - 8:03am | 43Intel Corporation (NASDAQ: INTC) and MasterCard (NYSE: MA) Incorporated announced today a multi-year strategic collaboration to further enhance the security and consumer payment experience for online shopping.
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UPDATE: J.P. Morgan Raises PT on MasterCard to $435
Thursday, November 3, 2011 - 8:16am | 85J.P. Morgan is out with its report today on MasterCard (NYSE: MA), raising its PT from $420 to $435. In its report, J.P. Morgan writes, "We are raising our estimates again for the beat and our Dec '12 PT to $435 (from $420) and find the valuation attractive relative to growth, acknowledging built-...
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JP Morgan Raises PT on MasterCard to $435
Thursday, November 3, 2011 - 7:09am | 26JP Morgan has raised the price target on MasterCard (NYSE: MA) from $420 to $435 and maintains its Overweight rating.
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The U.S. Government Blocked Diners Club from Accepting Wikileaks Payments
Wednesday, November 2, 2011 - 12:32pm | 457After Visa (NYSE: V) and Mastercard (NYSE: MA) suddenly stopped processing donations to Wikileaks in December 2010, the group attempted to accept payments from cards from Diners Club and its parent company Discover (NYSE: DFS), only to be told that the U.S. government "intervened with Discover,"...
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Earnings Preview: MasterCard's EPS, Revenue Expected to Rise
Friday, October 28, 2011 - 3:38pm | 584MasterCard (NYSE: MA) unveils its next round of earnings this Wednesday, November 2, 2011. Here's Benzinga's advanced look at MasterCard's third quarter earnings report. Earnings and Revenue: Ahead of the company's earnings announcement, analysts are expecting a positive EPS reading of $4.80/...
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Sterne Agee Neutral on Lender Processing Services
Wednesday, October 26, 2011 - 8:40am | 133Sterne Agee is out with a research report on Lender Processing Services Inc. (NYSE: LPS) and it has a Neutral rating on shares. In a note to clients, Sterne Agee writes, "Consistent with our earnings preview, LPS beat consensus expectations based on higher refi volumes. With this strength likely...
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Bank of America Merill Lynch Raises PT to $53 on CIGNA
Tuesday, October 25, 2011 - 8:41am | 102A report from Bank of America Merill Lynch reiterates its Underperform rating and raises its price target to $53 on CIGNA (NYSE: CI). The report states, “Buying HS would be a positive for CIGNA, in our view - not only is it accretive in Year 1, but is also makes strategic sense. CI targeted the...