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Stock Market & Financial Investment News

News Breaks
October 10, 2012
09:59 EDTGDOT, AXP, CVSGreen Dot falls after firm says CVC close to deal with AmEx
Prepaid card issuer Green Dot (GDOT) is sliding after research firm Jefferies, in a note to investors earlier today, wrote that CVS (CVS) may be planning to offer American Express (AXP) prepaid cards. CVS is one of Green Dot's largest distribution partners, and generates about 6% of the card issuer's total revenues, according to Jefferies. Due to American Express' rapid encroachment on Green Dot's largest distribution partners, the firm reduced its 2012 and 2013 revenue and earnings per share estimates for the company. Jefferies also slashed its price target on Green Dot to $13 from $17 and maintained a Hold rating on the stock. In early trading, Green Dot sank 40c, or 4%, to $9.60. The shares fell significantly Monday after Wal-Mart, another distribution partner of Green Dot, announced a deal to roll-out American Express prepaid cards in 4,000 of its store.
News For GDOT;AXP;CVS From The Last 14 Days
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October 30, 2014
16:19 EDTGDOTGreen Dot raises FY14 outlook
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16:18 EDTGDOTGreen Dot reports Q3 adjusted EPS 36c, consensus 28c
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06:47 EDTAXPVisa projects mobile payments will boost growth, Reuters says
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06:28 EDTCVSMajor merchant group could accept NFC technology, NY Times says
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06:04 EDTCVSMCX says unauthorized parties obtained email addresses of CurrentC participants
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October 29, 2014
10:20 EDTGDOTHigh option volume stocks
High option volume stocks: KCG OI SWI SNY ITUB AWI GDOT PNRA EA ZLTQ
07:53 EDTCVSMCX member stores block Apple Pay amid threat of fines, NY Times says
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October 28, 2014
07:21 EDTCVSCBI to hold a conference
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06:38 EDTCVSApple says Apple Pay in 220,000 locations already, Business Insider reports
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06:05 EDTCVSApple head responds as retailers bar Pay service, Reuters says
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October 27, 2014
13:03 EDTCVSCVS says 'cannot accept' Apple Pay at this time, CNBC says
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10:32 EDTAXPVeriFone rises after Barron's says Apple Pay positive for company
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07:15 EDTCVSWal-Mart, Best Buy among companies rejecting Apple Pay, Business Insider says
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07:13 EDTCVSMinuteClinic enters into clinical collaboration agreement
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06:09 EDTCVSCVS may be disabling NFC to shut down Apple Pay, Google Wallet, MacRumors says
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October 22, 2014
07:36 EDTAXPFederal Reserve Bank of New York to hold a conference
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October 21, 2014
08:03 EDTCVSCVS offering drug plan with higher co-pay at stores selling tobacco, WSJ says
CVS Health (CVS), which stopped selling tobacco products last month, is now offering a prescription-drug plan via its pharmacy benefits unit Caremark that charges patients copayments that are up to $15 higher on prescriptions filled where tobacco is sold, which includes at rival pharmacies operated by Walgreen (WAG) and Rite-Aid (RAD), reported The Wall Street Journal. Reference Link
October 20, 2014
14:53 EDTAXPAmerican Express announces availability in Apple Pay
American Express (AXP) announces availability in Apple (AAPL) Pay, "the easy, safe and private way to pay with iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3." Apple Pay will be available for eligible U.S. Consumer and OPEN American Express Card Members. Reference Link
08:16 EDTAXPAmerican Express upgraded to Buy from Hold at Sandler ONeill
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October 17, 2014
12:34 EDTAXPAmerican Express to boost merchant adoption of secure payment terminals
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