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Stock Market & Financial Investment News

News Breaks
January 10, 2014
11:50 EDTGIB, ACNWhite House ends deal with CGI Group over Healthcare.gov, WaPo says
The White House has ended its contract with CGI Group (GIB), the company behind the design of the troubled Healthcare.gov site, reports The Washington Post, citing a person familiar with the matter. The report says the Obama administration will sign a deal with Accenture (ACN) early next week to replace CGI. Reference Link
News For GIB;ACN From The Last 14 Days
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May 26, 2015
09:58 EDTACNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: L Brands (LB) upgraded to Conviction Buy from Buy at Goldman... Dollar General (DG) upgraded to Conviction Buy from Buy at Goldman... Accenture (ACN) upgraded to Outperform from Market Perform at Cowen... Expedia (EXPE) upgraded to Outperform from Market Perform at JMP Securities... The Fresh Market (TFM) upgraded to Neutral from Underperform at Longbow... Marvell (MRVL) upgraded to Overweight from Equal Weight at Morgan Stanley... Health Care REIT (HCN) upgraded to Buy from Neutral at Mizuho... Gold Fields (GFI) upgraded to Buy from Hold at HSBC... eBay (EBAY) upgraded to Buy from Hold at Axiom... CNOOC (CEO) upgraded to Neutral from Underweight at JPMorgan... Quintiles (Q) upgraded to Buy from Neutral at SunTrust... DCT Industrial (DCT) upgraded to Neutral from Underperform at Credit Suisse... Pebblebrook Hotel (PEB) upgraded to Outperform from Neutral at Credit Suisse... Fortinet (FTNT) upgraded to Buy from Hold at Needham... BB&T (BBT) upgraded to Buy from Neutral at Guggenheim... Hercules Technology (HTGC) upgraded to Outperform from Neutral at Macquarie... InterXion (INXN) upgraded to Buy from Hold at Stifel.
08:41 EDTACNAccenture upgraded to Outperform at Cowen
As reported previously, Cowen upgraded Accenture to Outperform from Market Perform. The firm cited overall client spending intentions, as well as spending intentions in digital. Cowen raised its price target to $110 from $90 on Accenture shares.
07:17 EDTACNConsumer Electronics Association to hold a conference
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06:30 EDTACNAccenture upgraded to Outperform from Market Perform at Cowen
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May 21, 2015
08:29 EDTGIBCGI partners with MMSA to offer CGI Advantage360 solution
CGI announced that it is partnering with the Michigan Municipal Services Authority to offer CGI Advantage360, a software as a service enterprise resource planning solution, to multiple Michigan localities. Initial clients under the new agreement are the City of Grand Rapids, which signed a $6.5M, five-year contract, and Kent County, which signed a $6M, five-year contract. The State of Michigan contracted with CGI in June 2014 to utilize CGI AdvantageŽ for state-wide financial management. CGI was selected by the MMSA through Michigan's MiDEAL initiative, an extended purchase program allowing local government entities to use state contracts for purchasing goods and services.
May 20, 2015
08:34 EDTGIBCGI Group and Baseline Telematics partner for insurance platform
CGI has joined forces with Baseline Telematics, a provider of usage-based insurance solutions, to integrate Baseline's end-to-end UBI platform with CGI's Ratabase rating engine. Baseline Telematics' UBI platform helps a smartphone app or a small device plugged into a policyholder's car provides real-time information on location, mileage, speed, sudden acceleration, braking, etc. to insurers, enabling them to rate and invoice insurance policies on a variable monthly basis.
May 18, 2015
05:27 EDTACNAccenture to acquire Javelin Group, terms not disclosed
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May 13, 2015
08:02 EDTACNAccenture signs services agreement with Moven
Accenture and Moven have signed a services agreement to jointly develop next-generation digital banking solutions. In conjunction with the services agreement, the companies have also entered into an alliance agreement to provide digital banking solutions to banks globally, enabling the banks to launch new digital capabilities faster and more cost-efficiently and deliver innovative digital products and services to their customers.

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