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Stock Market & Financial Investment News

News Breaks
July 7, 2014
07:10 EDTGIBCGI Group renews contract with Michelin
CGI has been selected by Michelin to serve as the preferred partner for all of its procurement, marketing, sales and corporate finance applications and their development, related to its activities in Europe and North America. Based on an innovative co-management model, CGI will support Michelin's transformation program with easy-to-use solutions that can be readily made available to users. The objective is to facilitate daily tasks, while assuring system security and integrity. Specific examples include the optimization of production management at Michelin, as well as the acceleration of new product launches. Under the terms of the new contract, CGI will be supplying Michelin with consulting, design, and computer application maintenance and support services in Europe and North America. CGI will also be applying its agile methodology and business intelligence know-how, as well as its extensive information technologies expertise by way of its French and American teams located in Clermont-Ferrand and Greenville, respectively.
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July 16, 2014
08:32 EDTGIBCGI Group subsidiary awarded $64M in task orders by U.S. DoS
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July 11, 2014
10:00 EDTGIBOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Altria Group (MO) initiated with an Outperform at Cowen... Berkshire Hills Bancorp (BHLB) initiated with a Hold at Jefferies... CGI Group (GIB) initiated with an Outperform at Credit Suisse... Halozyme (HALO) initiated with an Overweight at JPMorgan... Lorillard (LO) initiated with an Underperform at Cowen... MacroGenics (MGNX) initiated with an Outperform at Oppenheimer... Philip Morris (PM) initiated with a Market Perform at Cowen... Prothena (PRTA) initiated with an Outperform at Oppenheimer... Reynolds American (RAI) initiated with a Market Perform at Cowen... Seventy Seven Energy (SSE) initiated with a Buy at Wunderlich... SouFun (SFUN) initiated with a Neutral at Macquarie... Sprouts Farmers Markets (SFM) initiated with a Neutral at Longbow... Sterling Bancorp (STL) initiated with a Buy at Jefferies... Xencor (XNCR) initiated with an Outperform at Oppenheimer... YPF (YPF) initiated with a Neutral at JPMorgan... iGATE (IGTE) initiated with an Outperform at William Blair.
07:49 EDTGIBCGI Group initiated with an Outperform at Credit Suisse
July 9, 2014
08:31 EDTGIBCGI Group names Francois Boulanger as CFO
CGI Group announced that, effective October 1, Francois Boulanger currently senior vice president and Corporate Controller will assume the position of executive vice president and CFO. This follows the planned retirement of R. David Anderson, who will stay on in an advisory capacity through the end of January, 2015.

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