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Public Companies Giving Out Cash Like They're Oprah on a Coke Binge
Thursday, May 26, 2011 - 5:25pm | 538For all the talk about the recession, one segment of the economy is booming. The corporate world is flush with cash, and the proof is in the dividend pudding. Take a look at the news wire the last few days. It seems like everybody and their grandmother is handing out new dividends, increasing...
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Options Brief: VeriFone Systems, Inc.
Thursday, May 26, 2011 - 2:09pm | 93Shares of VeriFone Systems, Inc. (NYSE: PAY) are higher on the session by 0.88%, trading at $46.95. Overall put volume is now running at 3.61x the daily average, with 28% of all puts traded being purchases on the offer. 13,313 contracts have traded on the session so far. VeriFone Systems, Inc.,...
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UPDATE: Google, Citi, MasterCard, First Data and Sprint Team up on Mobile Payment Technology
Thursday, May 26, 2011 - 12:29pm | 880At an event today, Google (NASDAQ: GOOG), Citi (NYSE: C), MasterCard (NYSE: MA), First Data and Sprint (NYSE: S) announced and demonstrated Google Wallet, an app that will make your phone your wallet so you can tap, pay and save money and time while you shop. For businesses, Google Wallet is an...
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VeriFone Partners with Google and Leading Retailers to Power NFC-based Mobile Payments
Thursday, May 26, 2011 - 12:28pm | 200VeriFone Systems (NYSE: PAY) announced today it is partnering with Google (NASDAQ: GOOG) and top retailers to deploy Google Wallet, an Android app that allows consumers to use virtual versions of their existing plastic cards stored on their phones. Consumers will simply tap their phones to VeriFone...
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Are Vampires Sucking the Life from Your Portfolio?
Thursday, May 26, 2011 - 11:17am | 515On this date in 1897, Bram Stoker first published his famous novel, Dracula. Since then, the fanged night-owl has been draining the blood of victims and capturing the hearts of readers across the globe. Let's face facts: Dracula is so much cooler than Edward, the Twilight twit. Unlike the modern...
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News Summary
Thursday, May 26, 2011 - 9:57am | 303Shares of Tiffany & Co (NYSE: TIF) gained about 8.3% after the company reported its first-quarter earnings at $81.1 million, or $0.63 per share, up from $64.4 million, or $0.50 per share, in the year-earlier period. Its adjusted earnings surged to $0.67 per share, from $0.48 per share. Tiffany'...
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CSC Wins $42M U.S. Postal Service Logistics Contract
Thursday, May 26, 2011 - 8:02am | 71CSC (NYSE: CSC) announced today that the U.S. Postal Service awarded the company a contract to provide management, operational and logistical support for its mail transport repair facility located near Los Angeles, Calif. The contract, which has a three-year base and two two-year options, has an...
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Deutsche Bank Reports on Credit Cards in AP/CEMA
Thursday, May 26, 2011 - 7:45am | 175Deutsche Bank commented on credit card companies in a report released today. In the report, Deutsche Bank was positive on Visa (NYSE: V) and MasterCard (NYSE: MA) and mixed in its assessment of Global Payments (NYSE: GPN). Deutsche Bank writes, "First on acceptance, many of these regions may...
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Citi Lowers PT on Computer Sciences Corporation to $50
Thursday, May 26, 2011 - 7:31am | 75Citi is out with its report today on Computer Sciences Corporation (NYSE: CSC), lowering its PT from $53 to $50. In a note to clients, Citi writes, "Our 12-month target price goes to $50 from $53, reflecting our unchanged 9-10 P/E multiple range applied to our calendar year 2012 EPS estimate of $5...
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Alliance Data Closes on New $1.6 Billion Credit Facility
Thursday, May 26, 2011 - 7:31am | 108Alliance Data Systems Corporation (NYSE: ADS) today announced that the Company has completed a new credit facility. The new facility consists of a $792.5 million term loan and a $792.5 million revolving credit facility for a total of $1.585 billion, with the right to increase the aggregate...
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Jefferies Lowers Computer Sciences Target from $56 to $53
Thursday, May 26, 2011 - 6:36am | 22Jefferies is lowering its PT on shares of Computer Sciences (NYSE: CSC) from $56 to $53.
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Citi Lowers Computer Sciences PT from $53 to $50
Thursday, May 26, 2011 - 6:22am | 22Citi is lowering its Pt on shares of Computer Sciences (NYSE: CSC) from $53 to $50.
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US Stock Futures Up As Investors Await Jobless Claims, GDP Data
Thursday, May 26, 2011 - 6:16am | 568US stock futures are higher this morning, as investors are awaiting data on jobless claims and first-quarter economic growth. Futures on the Dow Jones Industrial Average surged 29 points to 12,380.00 and futures on the S&P 500 stock index rose 2.70 points to 1,319.30. Nasdaq 100 futures gained...
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Morgan Stanley Lowers Computer Sciences PT from $57 to $53
Thursday, May 26, 2011 - 6:05am | 23Morgan Stanley is lowering its PT on shares of Computer Sciences (NYSE: CSC) from $57 to $53.
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J.P. Morgan Lowers PT on Computer Sciences from $53 to $47
Thursday, May 26, 2011 - 6:02am | 24J.P. Morgan is lowering its PT on shares of Computer Sciences (NYSE: CSC) from $53 to $47.