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Piper Jaffray Updates 7/6
Wednesday, July 6, 2011 - 9:14am | 483Piper Jaffray made a number of updates in a research report published today. Changyou.com (NASDAQ: CYOU) had its rating maintained at Overweight. At the same time, its price target was raised from $49 to $53. On Tuesday, CYOU closed the day at $45.32. Conway (NYSE: CNW) had its rating reiterated...
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Jefferies Reiterates Buy and PT of $95 on Visa
Wednesday, July 6, 2011 - 8:24am | 58Jefferies reiterated its Buy rating on Visa (NYSE: V). At the same time, Jefferies left its price target on the company's stock unchanged at $95. On Tuesday, Visa added 0.4% to its value to end the day at $88.32. Its shares lost all of yesterday's gains in today's pre-market trading, however,...
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Piper Jaffray Maintains Overweight on Western Union
Wednesday, July 6, 2011 - 8:06am | 64Piper Jaffray is out with its report today on Western Union (NYSE: WU), maintaining Overweight. In a note to clients, Piper Jaffray writes, "We maintain our Overweight rating as we believe WU is an attractive play on recovering global labor markets and the valuation is attractive." Shares of WU...
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Citi Comments On Western Union Acquisition Of Travelex
Wednesday, July 6, 2011 - 8:00am | 98According to Citi, Western Union (NYSE: WU) announced that it has agreed to acquire Travelex Global Business Payments (TGBP), which is a leading provider of cross-border business-to-business (B2B) payments primarily focused on small- and medium-sized businesses. Citi said that at current exchange...
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J.P. Morgan Not Overly Confident On Western Union
Wednesday, July 6, 2011 - 7:06am | 91According to J.P. Morgan, Western Union (NYSE: WU) expects its combined B2B revenue to grow at a 10% CAGR over the next three years. J.P. Morgan said that it is not overly positive or negative on the announced Travelex B2B (TGBP) acquisition, but give management the benefit of the doubt that it...
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US Stock Futures Down As Investors Await Economic Data
Wednesday, July 6, 2011 - 6:15am | 279US stock futures are lower this morning, as investors are awaiting economic data. Futures on the Dow Jones Industrial Average dipped 32 points to 12,501.00 and futures on the S&P 500 stock index fell 4.60 points to 1,332.10. Nasdaq 100 futures dropped 5.75 points to 2,366.25. US stocks closed...
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Top 4 Mid-Cap Stocks In The Business Services Industry With The Highest Revenue
Wednesday, July 6, 2011 - 3:36am | 130Below are the top mid-cap business services stocks on the NYSE and the NASDAQ in terms of revenue. The trailing-twelve-month revenue at R.R. Donnelley & Sons Company (NASDAQ: RRD) is $10.19 billion. RRD's ROE for the same period is 9.18%. The trailing-twelve-month revenue at Fidelity National...
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Stocks To Watch For July 6
Wednesday, July 6, 2011 - 3:26am | 202Some of the stocks that may grab investor focus today are: DST Systems Inc (NYSE: DST) acquired the assets of IntelliSource Healthcare Solutions. The terms of the deal were not disclosed. DST shares gained 0.99% to close at $54.15 yesterday. Netflix Inc (NASDAQ: NFLX) announced its plans to...
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DST Systems Acquires Assets of IntelliSource Healthcare Solutions; Terms Not Disclosed
Tuesday, July 5, 2011 - 5:06pm | 37DST Systems, Inc. (NYSE: DST) has acquired, through its wholly owned subsidiary, DST Health Solutions, LLC, the assets of IntelliSource Healthcare Solutions. Terms of the transaction were not disclosed.
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Options Brief: The Western Union Company
Tuesday, July 5, 2011 - 11:55am | 95Shares of The Western Union Company (NYSE: WU) are lower on the session by 3.36%, trading at $19.56. Overall put volume is now running at 6.27x the daily average, with 30% of all puts traded being purchases on the offer. 2,346 contracts have traded on the session so far. The Western Union...
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Market Roundup
Tuesday, July 5, 2011 - 10:58am | 217Shares of Ameron International Corp (NYSE: AMN) gained about 27% after National-Oilwell Varco Inc (NYSE: NOV) announced its plans to pay $85 per share in cash to acquire Ameron in a deal valued at $772 million. The purchase price values AMN at 28% premium over its closing price of $66.27 per share...
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Western Union To Buy Travelex Global For $976M
Tuesday, July 5, 2011 - 9:07am | 120Western Union Co (NYSE: WU) announced its plans to buy the Travelex Global Business Payments division of Travelex Holdings for 606 million British pounds, or around $976 million. The deal is likely to close in late 2011. Hikmet Ersek, President and CEO of Western Union, said, “The acquisition of...
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Western Union to Acquire Travelex Global Business Payments for £606M Cash
Tuesday, July 5, 2011 - 8:29am | 88The Western Union Company (NYSE: WU) today announced it has signed an agreement with Travelex Holdings Limited to acquire the Travelex Global Business Payments division for £606 million in cash. Travelex Global Business Payments conducts business payments annually for 35,000 customers in 14...
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Visa and MasterCard Deserved a Higher Price
Sunday, July 3, 2011 - 7:07am | 113Introduction Both Visa, Inc. (V) and MasterCard, Inc. (MA) enjoyed explosive moves in their stock values on Wednesday, June 29, 2011. Visa was up over 15% and MasterCard over 11% thanks to the Fed's more liberal-than-expected stance on debit fee [...]
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Western Union Business Solutions Debuts in Middle East Through Emirates International Exchange
Friday, July 1, 2011 - 4:02pm | 203Western Union (NYSE: WU) has extended its relationship with Emirates International Exchange, one of the leading exchange houses in the Middle East, to launch its international business payments service, Western Union Business Solutions, in the UAE. Providing cross-border business payments and...