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Alliance Data Provides Private Label Performance Update for May
Wednesday, June 15, 2011 - 7:32am | 35Alliance Data Systems Corporation (NYSE: ADS) today provided an update on its Private Label segment. Average receivables $ 4,857,121 Net charge-offs $ 29,340 Net charge-offs as a percentage of average receivables 7.2%
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Alliance Data Signs Long-Term Extension Agreement With J.Crew Group, Inc
Tuesday, June 14, 2011 - 7:31am | 63Alliance Data Systems Corporation (NYSE: ADS) today announced it has signed a long-term extension agreement with New York-based J.Crew Group, Inc.. Through the contract extension, Alliance Data will continue providing J.Crew with reward program and private label credit card services, accepted at...
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Stocks to Watch for 6/14/11: Fresh 52-Week Highs and Lows
Tuesday, June 14, 2011 - 4:15am | 2234The following stocks hit new 52-week highs in Monday's trading session: 1) Greif (NYSE: GEF): Shares of Greif hit a 52-week high of $67.36 in Monday's trading session. The stock closed at $67.04. The year-to-date performance of Greif has been a gain of 9%. 2) Raptor Pharmaceutical (NASDAQ: RPTP...
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Jared's Market Commentary - The Secret Is out...and Nobody Cares!
Monday, June 13, 2011 - 8:21am | 1051By Jared S. Rosenbaum So the market declines 7 out of 8 days in June, drops about 9% straight with the exception of a small up day, and finally...FINALLY, people seem to notice that there is some weakness in the market and perhaps the overall economy. I actually didn't even feel this until...
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Benzinga's Political Roundup June 9, 2011
Thursday, June 9, 2011 - 12:03pm | 168U.S. securities regulators are looking into whether financial services companies including Goldman Sachs (NYSE: GS) may have violated bribery laws with regards to dealing with Libya's sovereign-wealth fund. Fitch Ratings said yesterday it would put U.S. debt on watch for a potential downgrade if...
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News Summary
Thursday, June 9, 2011 - 10:50am | 331Shares of Visa Inc (NYSE: V) dropped about 0.5% after the company announced its plans to acquire South Africa's Fundamo, a leading platform provider of mobile financial services, for around $110 million in cash. It also signed a long-term agreement with Monitise plc (OTC: MONIF). The transaction is...
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Top Narrow Based Indexes For June 9
Thursday, June 9, 2011 - 10:25am | 215By 10:22 am, the Dow Jones Industrial Average was up 68.91 points, or 0.57%, to 12,117.85, while the broader Standard & Poor's 500 index had gained 7.77 points, or 0.61%. The NASDAQ composite index rose 6.72 points, or 0.25%. Some of the narrow based indexes that are driving the markets are...
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UPDATE: Wedbush Color on Visa PT Decrease
Thursday, June 9, 2011 - 9:02am | 101Wedbush, which lowered its PT on shares of Visa (NYSE: V), is providing some color on the stock. “We believe Visa will continue to grow on the strength of its international business,” Wedbush writes. “However, we believe that the implementation of the Durbin amendment (now that the Tester Bill has...
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Stifel Nicolaus Lowers PT On Computer Sciences Corporation To $50
Thursday, June 9, 2011 - 8:09am | 28Stifel Nicolaus has lowered the price target on Computer Sciences Corporation (NYSE: CSC) from $53 to $50 and maintains its Buy rating.
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UPDATE: Wedbush Color on MasterCard PT Decrease
Thursday, June 9, 2011 - 7:39am | 101Wedbush, which lowered its PT on shares of MasterCard (NYSE: MA), is providing some color on the stock. “We believe MasterCard will continue to grow on the strength of its international business,” Wedbush writes. “However, we believe that the implementation of the Durbin amendment (now that the...
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A Peek Into The Market Before The Trading Starts
Thursday, June 9, 2011 - 7:32am | 392Pre-open movers US stock futures are higher this morning, as investors are awaiting trade and jobless claims data. Futures on the Dow Jones Industrial Average gained 27 points to 12,057.00 and futures on the S&P 500 stock index rose 3.60 points to 1,280.60. Nasdaq 100 futures surged 4.75 points...
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Wedbush Lowers PT On MasterCard To $258
Thursday, June 9, 2011 - 6:41am | 26Wedbush Securities has lowered the price target on MasterCard (NYSE: MA) from $272 to $258 and maintains its Neutral rating.
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Wedbush Lowers PT On Visa To $73
Thursday, June 9, 2011 - 6:38am | 26Wedbush Securities has lowered the price target on Visa (NYSE: V) from $78 to $73 and maintains its Neutral rating.
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Visa, Mastercard Down Sharply On Vote
Wednesday, June 8, 2011 - 2:32pm | 54Shares of Visa (NYSE: V) and Mastercard (NYSE: MA) are down sharply after the amendment to reject the delay of the debit swipe fees has failed. At last check, shares of Visa and Mastercard were both off around 5%.
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Benzinga's Top Upgrades
Wednesday, June 8, 2011 - 8:14am | 134Ticonderoga upgraded Franklin Resources Inc (NYSE: BEN) from “neutral” to “buy.” BEN's shares closed at $122.47 yesterday. Franklin Resources' trailing-twelve-month operating margin is 35.02%. Analysts at Morgan Stanley upgraded Clorox Company (NYSE: CLX) from “underweight” to “equal-weight.”...