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News Breaks | | | | December 3, 2012 | | 08:01 EDT |  | CSC, EFX | CSC to sell credit services unit for $1B to Equifax
As part of its transformation initiative to rebalance its portfolio of services and focus on next-generation technology solutions and services, CSC (CSC) has reached a definitive agreement with Equifax (EFX) for the sale of its credit services unit for $1B in cash. The after-tax proceeds from the sale of the business will be approximately $750 - $800 million based on preliminary plans. CSC intends to use $300M-$400M to repurchase shares, contribute $300M-$400M to its pension plans and apply the remainder to general corporate purposes. The companies anticipate closing of the transaction by the end of the calendar year after concluding regulatory reviews. This deal marks CSC’s second divestiture in six weeks. | |
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News For CSC;EFX From The Last 14 Days Check below for free stories on CSC;EFX the last two weeks. |
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| May 21, 2013 | | 12:32 EDT |  | CSC | Options with decreasing implied volatility: PXP ARNA BBY OPK CSC
| | | May 20, 2013 | | 11:56 EDT | | CSC | Options with decreasing implied volatility: SGMO WCRX TSLA CSC SUPN
| | | 10:11 EDT |  | EFX | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Artisan Partners (APAM) downgraded to Market Perform from Outperform at Keefe Bruyette... Bank of America (BAC) downgraded to Market Perform from Outperform at Keefe Bruyette... Bed Bath & Beyond (BBBY) downgraded to Hold from Buy at Jefferies... BlackRock (BLK) downgraded to Market Perform from Outperform at Keefe Bruyette... Cavium (CAVM) downgraded to Market Perform from Outperform at JMP Securities... Charles Schwab (SCHW) downgraded to Underperform from Market Perform at Keefe Bruyette... Dunkin' Brands (DNKN) downgraded to Neutral from Buy at Longbow... Equifax (EFX) downgraded to Neutral from Buy at Goldman... Leap Wireless (LEAP) downgraded to Sell from Hold at Deutsche Bank... Lowe's (LOW) downgraded to Perform from Outperform at Oppenheimer... MicroStrategy (MSTR) downgraded to Market Perform from Outperform at JMP Securities... NetApp (NTAP) downgraded to Underperform from Neutral at RW Baird... NeuStar (NSR) downgraded to Neutral from Buy at Goldman... Red Hat (RHT) downgraded to Market Perform from Outperform at BMO Capital... Ruby Tuesday (RT) downgraded to Market Perform from Outperform at Wells Fargo... Synovus (SNV) downgraded to Sell from Neutral at Goldman... TD Ameritrade (AMTD) downgraded to Underperform from Market Perform at Keefe Bruyette... Thoratec (THOR) downgraded to Neutral from Buy at Goldman... CF Industries (CF) downgraded to Hold from Buy at Miller Tabak... Children's Place (PLCE) downgraded at Susquehanna... CarMax (KMX) downgraded to Market Perform from Outperform at William Blair... SanDisk (SNDK) downgraded to Neutral from Buy at Nomura... Red Hat (RHT) downgraded at BMO Capital... Rex Energy (REXX) downgraded to Hold from Buy at Stifel... Range Resources (RRC) downgraded to Hold from Buy at Stifel... Kansas City Southern (KSU) downgraded to Sell from Hold at Stifel... Capella Education (CPLA) downgraded to Hold from Buy at Stifel. | | | 06:12 EDT | | EFX | Equifax downgraded to Neutral from Buy at Goldman
 Subscribe for More Information | | | May 17, 2013 | | 11:53 EDT | | CSC | Options with decreasing implied volatility: SGMO ARNA CSC ENDP
Subscribe for More Information | | | May 16, 2013 | | 16:29 EDT |  | CSC | On The Fly: Closing Wrap
Stocks on Wall Street were lower following some disappointing economic data and a hint from a regional Fed president that the central bank may taper its easing program in the coming months. The averages traded in a narrow range for much of the session before moving lower in the final hour of trading. Comments by San Francisco Fed president John Williams late in the afternoon, suggesting that the central bank may begin slowing its bond buying pace by the summer, may have spurred the late session selling. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares added $2.66, or 12.54%, to $23.87 to lead the blue chip index after the company's results beat expectations on the top and bottom lines. Wal-Mart fell $1.36, or 1.7%, to $78.50 after its first quarter earnings sand second quarter outlook missed the consensus forecast... Tesla Motors (TSLA) last night announced a stock and debt offering of more than $800M, with CEO Elon Musk announcing his intent to buy $100M of the offering, and shares of the electric car maker added $7.36, or 8.67%, to $92.20. MAJOR MOVERS: Among notable gainers was Aegerion (AEGR), up $14.73, or 31.37%, to $61.70 after the company said its Juxtapid treatment may have a $1B global market opportunity and at least two analyst firms raised their price targets on its shares. Also higher was Constellation Brands (STZ), up $1.52, or 3.03%, to $51.76 after the stock was upgraded at Stifel and ISI Group. Among noteworthy losers following analyst downgrades were AMD (AMD), which fell 55c, or 12.56%, to $3.83 after Goldman downgraded the stock to Sell, and CSC (CSC), which slid $2.12, or 4.74%, to $42.59 after being cut to Hold at Deutsche Bank. Also lower following its quarterly report was NetQin Mobile (NQ), down 72c, or 7.5%, to $8.88. INDICES: The Dow was down 42.47, or 0.28%, to 15,233.22; the Nasdaq was down 6.38, or 0.18%, to 3,465.24; and the S&P 500 was down 8.31, or 0.50%, to 1,650.47. | | | 11:33 EDT | | CSC | Options with decreasing implied volatility: PANL CSC FTK A NVDA
Subscribe for More Information | | | 10:03 EDT | | CSC | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 05:44 EDT | | CSC | CSC downgraded to Hold from Buy at Deutsche Bank
Subscribe for More Information | | | May 15, 2013 | | 17:09 EDT | | CSC | Greenlight gives quarterly update on stakes
NEW STAKES: Oil States International (OIS), Hess (HES), Spirit (SPR), IAC/InterActiveCorp (IACI), and Capital Bank (CBF). INCREASED STAKES: Apple (AAPL). DECREASED STAKES: Microsoft (MSFT), Seagate (STX), Delphi (DLPH), CBS (CBS), and Computer Sciences (CSC). LIQUIDATED STAKES: Ensco (ESV), Xerox (XRX), Yahoo (YHOO), NVR (NVR), and Google (GOOG). | | | | 15:47 EDT |  | CSC | CSC lifts off early lows, levels to watch
The stock spent a good deal of the session down by 10% or more, but has moderated somewhat heading into the close. At the current price of $44.62, support is at the session low of $43.55. Resistance is at $45.22. | | | 12:28 EDT | | CSC | On The Fly: Midday Wrap
Subscribe for More Information | | | 12:00 EDT | | CSC | CSC falls 10.2%
Subscribe for More Information | | | 11:37 EDT | | CSC | High option volume stocks: CONN IRWD JASO LYV CSC
| | | 11:16 EDT | | CSC | Options with decreasing implied volatility: RAX CSC SPPI MBI PANL
| | | 11:09 EDT |  | CSC | CSC raises FY14 cont. ops EPS view to $3.30-$3.50, consensus $3.45
Sees FY14 revenue to be flat to slightly down, consensus $14.9B. Sees revenue from NPS to have mid-single digit decline in FY14 and Commerical revenue to be relatively flat to slightly up. Sees FY14 free cash flow about $500M. Guidance from slides for Q4 earnings conference call. | | | 09:05 EDT | | CSC | CSC expands partnership with SAP
Subscribe for More Information | | | 08:06 EDT | | CSC | CSC reports Q4 adjusted cont-op EPS $1.27, consensus 99c
Subscribe for More Information | | | May 14, 2013 | | 15:30 EDT | | CSC | Notable companies reporting before tomorrow's open
Subscribe for More Information | | | May 13, 2013 | | 15:54 EDT | | EFX | Aaron's names Robert Kamerschen general counsel
Aaron's (AAN) announced Robert Kamerschen has joined the company as senior VP and general counsel. Prior to joining Aaron's, Kamerschen served at Equifax (EFX) since 2008 as the U.S. chief counsel, senior VP and chief compliance officer. | | |
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