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Stock Market & Financial Investment News

News Breaks
July 30, 2014
09:12 EDTWYN, SSNCSS&C Technologies, RCI begin strategic development effort
SS&C Technologies Holdings (SSNC) announced that RCI, a part of the Wyndham Worldwide family of brands (WYN), will begin a strategic development project with SS&C's TimeShareWare to incorporate RCI ConnectSM platform web-services to establish an automated interface between TSW property management systems and the RCI web servers.
News For SSNC;WYN From The Last 14 Days
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August 28, 2015
10:03 EDTSSNCOn The Fly: Analyst Initiation Summary
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06:51 EDTSSNCSS&C initiated with a Neutral at Macquarie
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August 26, 2015
10:17 EDTWYNMKM Partners' four Lodging stock ideas following the pullback
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August 24, 2015
15:01 EDTWYNWyndham slips after FTC given go-ahead for data breach lawsuit
Shares of Wyndham (WYN) have slipped in afternoon trading after an appeals court ruled that the FTC can sue the company over its allegedly poor cybersecurity practices. WHAT'S NEW: According to a Reuters report of court proceedings, the 3rd U.S. Circuit Court of Appeals in Philadelphia has ruled that the FTC may proceed with its lawsuit against Wyndham over data breaches in 2008 and 2009, saying the hotel company failed to take reasonable steps to protect customer information. Wyndham's allegedly lackluster data protection policies constitute "unfair and deceptive trade practices," granting the Federal Trade Commission authority to step in, said Judge Thomas Ambro. FTC Chairwoman Edith Ramirez commented, "It is not only appropriate, but critical, that the FTC has the ability to take action on behalf of consumers when companies fail to take reasonable steps to secure sensitive consumer information," according to the report. WHAT'S NOTABLE: Today's ruling comes in the wake of numerous high-profile "hack attacks," with American Airlines (AAL), Anthem (ANTM), United Airlines (UAL) and Target (TGT) all reporting digital security breaches in recent years. Though no final verdict has been reached in the case between the FTC and Wyndham, Judge Ambro may have established the beginnings of a legal precedent potentially allowing the Commission to sue companies for not going far enough to protect consumer data and Chairwoman Ramirez appeared to share that broader tone. PRICE ACTION: Shares of Wyndham are down about 4% in intraday trading. Cybersecurity firms FireEye (FEYE) and Palo Alto Networks (PANW) are down roughly 2% and 2.7% for the afternoon.
14:09 EDTWYNCourt says Wyndham failed to safeguard customer information, Reuters reports
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August 19, 2015
11:39 EDTSSNCSS&C management to meet with Jefferies
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August 18, 2015
11:11 EDTSSNCSS&C acquisition of Citi fund business a positive, says JPMorgan
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08:06 EDTSSNCCiti sells alternative investor services unit to SS&C
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08:02 EDTSSNCSS&C acquires Citi's alternative investor services business
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