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Stock Market & Financial Investment News

News Breaks
January 8, 2013
09:36 EDTBCO, NTSPBrink's enters agreement with NetSpend for branded prepaid payroll cards
The Brink's Company (BCO) announced that it has entered into an agreement with NetSpend Holdings (NTSP) to sell its Brink's Money prepaid payroll card to U.S. employers. The initial rollout of Brink's Money is scheduled for the first quarter of 2013. NetSpend will act as the exclusive program manager and processor for the Brink's Money payroll card, an alternative for employees who receive paper checks from their employers.
News For BCO;NTSP From The Last 14 Days
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October 17, 2014
12:46 EDTBCOBrink's to restructure Netherlands operations, could cut approximately 600 jobs
The Brink's Company announced its plan to restructure its Netherlands operations in response to a loss of business with Rabobank, its largest customer in that country. Brink's expects to incur a charge of $16M-$22M against Q3 GAAP earnings. The expected charge is related to asset impairments, severance and other costs associated with the expected cessation of service to Rabobank on July 1, 2015. The restructuring plan includes the potential closure of three branches and a workforce reduction of approximately 600 employees. The potential loss of business in the Netherlands was considered prior to the company's July 24 disclosure of its goal to achieve a non-GAAP segment margin rate of 8% by the end of 2016, and the goal remains unchanged.

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