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TeleTech Awarded Multi-Year Agreement by Sabre Hospitality Solutions
Tuesday, August 9, 2011 - 8:01am | 62TeleTech Holdings, Inc. (NASDAQ: TTEC) today announced that it has been selected by Sabre Hospitality Solutions, a global technology company serving the hospitality industry, to provide customer innovation solutions for multiple hotel brands around the world. TeleTech was chosen for its superior...
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Goldman Sachs Upgrading Humana
Tuesday, August 9, 2011 - 8:01am | 107Goldman Sachs is out with a research report on Humana (NYSE: HUM) and is upgrading shares to Buy. In the note, Goldman Sachs writes, "We think fiscal pressures will drive a bigger role for Medicare Advantage (MA) and ultimately a phasing-out of unmanaged ‘traditional' Medicare. Even without...
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UPDATE: Goldman Sachs Upgrades Humana from Neutral to Buy
Tuesday, August 9, 2011 - 7:23am | 92Goldman Sachs has published a report upgrading Humana (NYSE: HUM) from Neutral to Buy. In the report, Goldman Sachs wrote, "We think fiscal pressures will drive a bigger role for Medicare Advantage (MA) and ultimately a phasing-out of unmanaged ‘traditional' Medicare. Even without policy changes,...
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Global Payments Announces $100 Million Share Repurchase Program
Monday, August 8, 2011 - 8:33am | 121Global Payments Inc. (NYSE: GPN) announced today that the company's Board of Directors has approved a share repurchase program that authorizes the purchase of up to $100 million of Global Payments' stock. Under this new authorization, Global Payments may repurchase shares in the open market at the...
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Goldman Sachs Reiterates Neutral and PT of $46 on VeriFone Systems
Monday, August 8, 2011 - 8:29am | 61Goldman Sachs reiterated its Neutral rating on VeriFone Systems (NYSE: PAY). At the same time, the rating agency left its price target on the company's stock unchanged at $46. On Friday, PAY lost 5.24% of its value to end the week at $36.50. Its shares continued to slide in today's pre-market...
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IOS Acquires Lateral Group; Terms Not Disclosed
Monday, August 8, 2011 - 7:05am | 70Innovative Output Solutions, a UK-based subsidiary of DST Systems, Inc. (NYSE: DST), is pleased to announce the acquisition of Lateral Group Limited. Lateral Group is a UK company with operational facilities located principally in London, Nottingham and Edenbridge, and is engaged in integrated,...
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Options Brief: Computer Sciences
Friday, August 5, 2011 - 11:07am | 99Shares of Computer Sciences (NYSE: CSC) are lower on the session by 1.06%, trading at $32.55. Overall call volume is now running at 3.51x the daily average, with 4% of all calls traded being purchases on the offer. 7,039 contracts have traded on the session so far. Computer Sciences Corporation...
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DST Systems Board of Directors Retains Independent Advisors
Friday, August 5, 2011 - 8:06am | 219DST Systems, Inc. (NYSE: DST) is continuing its long-standing practice of engaging in an ongoing review of the Company's business plan, assets and investment portfolio. The Company today announced that BofA Merrill Lynch and Skadden, Arps, Slate, Meagher & Flom LLP have been retained as...
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Penson Worldwide Announces Strategic Initiatives to Reduce Costs & Debt, Increase Profitability & Capital
Thursday, August 4, 2011 - 4:26pm | 141Penson Worldwide, Inc. (NASDAQ: PNSN) today announced it has begun implementing a series of strategic initiatives to reduce costs and debt, increase profitability and capital, better position the Company for growth, and enhance shareholder value. Generate an estimated $24 million of annualized...
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The Second Richest Man In The World Can't Get Any Help
Thursday, August 4, 2011 - 2:32pm | 612Everyone says it pays to be rich. Well how about if you're the second richest man in the world? I guess not, according to this Bloomberg article. Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK-A) does not have a single buy rating on shares, despite being the cheapest it has been since the...
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BGB Raises PT on Genpact to $17
Thursday, August 4, 2011 - 9:25am | 25BGB Securities has raised the price target on Genpact (NYSE: G) to $17 and maintains its Hold rating.
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JP Morgan Reiterates Neutral on Genpact, Raises PT to $18
Thursday, August 4, 2011 - 9:07am | 42JP Morgan reiterated its Neutral rating on Genpact (NYSE: G). At the same time, the rating agency raised its price target on the company's stock from $17 to $18. On Wednesday, G closed the day at $16.71.
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KBW Revises PT And EPS Estimates For Mastercard
Thursday, August 4, 2011 - 8:49am | 42According to KBW, Mastercard (NYSE: MA), PT has been increased from $375 to $408. EPS estimates have been increased from $17.17 to $17.88 for FY11 and from $19.98 to $21.32. Rating of Outperform has remained unchanged. Mastercard closed yesterday at $338.47.
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Bank of America Reiterates Underperform on MasterCard, Raises PT to $265
Thursday, August 4, 2011 - 8:32am | 69Bank of America reiterated its Underperform rating on MasterCard (NYSE: MA). At the same time, the rating agency raised its price target on the company's stock from $230 to $265. On Wednesday, MA had a great session as its shares added 13.39% to their value to finish the day at $338.47. MA lost...
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KBW Increases EPS Estimates for Wright Express
Thursday, August 4, 2011 - 8:17am | 50According to KBW, Wright Express (NYSE: WXS), EPS estimates have been increased. KBW reported an increase in EPS estimates of WXS from $3.45 to $3.52 for FY11 and from $4.05 to $4.13 for FY12. PT of $65 and rating of Outperform remain unchanged. WXS closed yesterday at $47.21.