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February 19, 2013
08:34 EDTDOW, MAMasterCard CEO elected to Dow Chemical board
The Dow Chemical Company (DOW) announced that Ajay Banga, president and CEO of MasterCard (MA), has been elected to Dow’s Board of Directors, effective immediately.
News For MA;DOW From The Last 14 Days
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November 19, 2015
16:00 EDTDOWOptions Update; November 19, 2015
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08:09 EDTMAStonegate Bank, MasterCard enable U.S.-issued debit cards for use in Cuba
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08:06 EDTDOWChemours agrees to sell aniline facility to Dow Chemical for $140M
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November 18, 2015
11:00 EDTMATarget sees industry's move to EMV restoring confidence to U.S. payment system
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06:01 EDTDOWMonsanto studying possibility for consolidation in agrochem sector, Reuters says
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November 16, 2015
17:10 EDTDOWSoros took stake in Paypal, liquidated Herbalife stake
Soros Fund Management gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Paypal (PYPL), CIT Group (CIT), Schlumberger (SLB), Kraft Heinz (KHC), and Amazon (AMZN). INCREASED STAKES: Allergan (AGN), Lions Gate (LGF), Energen (EGN), Southwest Airlines (LUV), and Qunar Cayman Islands (QUNR). DECREASED STAKES: LyondellBasell (LYB), YPF (YPF), Time Warner Cable (TWC), Dow Chemical (DOW), and Monsanto (MON). LIQUIDATED STAKES: Herbalife (HLF), Lennar (LEN), DR Horton (DHI), United Continental (UAL), and Nice Systems (NICE).
06:35 EDTMAMasterCard eyes double-digit growth in China, Reuters reports
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November 13, 2015
17:04 EDTDOWThird Point gives quarterly update on stakes
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November 12, 2015
09:19 EDTMAPayPal sinks with Apple eyeing peer-to-peer payments
Shares of PayPal (PYPL) are weak again this morning following a report yesterday afternoon alleging that Apple (AAPL) is set to launch a competitor to one of the payment technology company's offerings. Analysts that were already split about PayPal's prospects are also divided on the potential impact of Apple's entry, with a bull at Citi downplaying the risk and a bear at Piper Jaffray voicing greater concern. APPLE COMPETITION: Apple is in talks with U.S. banks to create a mobile person-to-person payment service, reported The Wall Street Journal yesterday afternoon, citing people familiar with the matter. Apple's service, which would likely be linked to the company's Apple Pay system and could get off the ground next year, would compete with PayPal's Venmo peer-to-peer, or P2P, payment platform, the Journal said. BULLISH TAKE: Citi analyst Ashwin Shirvaikar says his Buy thesis on PayPal is unchanged after the Journal's report regarding Apple's efforts. Apple is a "viable competitor in a crowded field," but its product is unlikely to change the near-term growth trajectory of PayPal's Venmo, Shirvaikar told investors in a research note. He keeps a Buy rating on PayPal with a $44 price target. BEARISH TAKE: Piper Jaffray analyst Gene Munster believes Apple's reported plans for a P2P payment offering sometime in 2016 will have limited to no impact on his model for the iPhone maker, but cautions that more mobile wallets offering P2P will add to the challenges facing PayPal's Venmo. The analyst believes the "real estate for all logos at the point-of-sale will be scarce and cluttered," noting that in addition to new entrants like Apple Pay, Samsung Pay, Google's (GOOG) Android Pay, JPMorgan's (JPM) Chase Pay, MCX/CurrentC and PayPal there are still legacy players such as Visa (V) Checkout, MasterCard (MA) Masterpass, and American Express' (AXP) Express Checkout. Munster thinks Venmo is a strong offering that will keep gaining share, but in addition to competition, he sees low interest rates hindering float income and thinks the value proposition for consumers and merchants remains "uncertain." The analyst keeps an Underweight on PayPal, which is the firm's equivalent of a "sell" rating, with a $30 target for its shares. PRICE ACTION: Shares of PayPal slipped 1.8% to close at $36.33 yesterday following the Journal's report. In pre-market trading, the stock fell another 1% to $36 per share.
08:06 EDTMAHeartland, Pinnacle Corp to offer integrated EMV POS solution
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November 11, 2015
16:12 EDTMAMasterCard makes several executive appointments for 2016
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10:44 EDTMAMasterCard: Watches, digital wallets good for future of transactions
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10:29 EDTMAMasterCard's McWilton: Cash and check markets still major competitor to cards
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07:55 EDTMARBC Capital to hold a conference
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