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Stock Market & Financial Investment News

News For WMT;IFX;VNTV;WFC;XRX;BAC;DFS;PAY;TI;AXP;ACN;MA;V From The Last 14 Days
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October 7, 2014
13:40 EDTWMTWal-Mart to host a meeting
21st Annual Meeting for the Investment Community is being held on October 15 at 8:45 am. Webcast Link
13:31 EDTVNTVVantiv upgraded to Buy from Hold at Jefferies
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11:33 EDTTITelecom Italia mulls Brazil investment strategy, Reuters says
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10:34 EDTWMTWal-Mart cutting health insurance coverage for most part-time workers, AP says
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10:02 EDTPAY, VNTVOn The Fly: Analyst Initiation Summary
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09:36 EDTBACActive equity options trading on open
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08:03 EDTPAYVeriFone, Sunoco forge agreement to install integrated dispenser video screens
VeriFone Systems (PAY) and Sunoco (SUN) announced that VeriFone has been selected as the exclusive media provider for Sunoco’s fueling islands. VeriFone will provide Sunoco with dispenser card readers that have integrated video screens and dynamic streaming content. These payment terminals will enhance the fueling experience for Sunoco’s customers and provide a cost-efficient EMV strategy for Sunoco’s growing network of branded retailers.
07:28 EDTBACWells Fargo ups price target ranges for capital markets banks
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06:51 EDTWFC, BACJustice Department set to attack more large banks by year end, NY Times says
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06:49 EDTBACBNP seeks assistance from banks as ban approaches, Reuters says
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06:02 EDTVVisa's CIO leaves company to join Charles Schwab, Re/code reports
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05:35 EDTVNTVVantiv initiated with an Outperform at Pacific Crest
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05:34 EDTPAYVeriFone initiated with an Outperform at Pacific Crest
Target $39.
October 6, 2014
11:02 EDTXRXHP rises as split viewed as potential prelude to deals
Shares of HP (HPQ) are climbing after the company announced that it would split itself into two publicly traded companies. Analysts were mostly upbeat on the news and tech news website Re/code said that the two companies would be "in deal-making mode" following the split. WHAT'S NEW: HP this morning said it would split itself into two companies by the end of its fiscal 2015. One company will include HP's technology infrastructure, software and services businesses, to be known as "Hewlett-Packard Enterprise," while the other will include the company's PC and printing businesses and be called "HP Inc." Meg Whitman, who is currently the CEO of HP, will become CEO of Hewlett-Packard Enterprise and chairman of HP, Inc. ANALYST REACTION: Shareholders will likely view the move positively, as limited synergies exist between HP's enterprise business and its PC and printing business, Deutsche Bank analyst Sherri Scribner wrote. Moreover, the forward price to earnings ratio of the enterprises unit, whose margins are set to expand, are more likely to reach close to 11x following a split, in-line with the multiple of Xerox (XRX) and CSC (CSC), the analyst contended. Noting that HP remains one of the cheapest names in the S&P 500, Scribner kept a $40 price target and Buy rating on the shares. The split is "a bold and smart move" by HP that will give it the financial flexibility needed to sell off one or both of the PC and printing businesses, wrote Cantor analyst Brian White. The shareholders of EMC (EMC), which reportedly had been in discussions about merging with HP, would have difficulty accepting HP's printer and PC business, according to White. The analyst raised his price target on HP to $39 from $34.50 but kept a Hold rating on the stock. WHAT'S NOTABLE: Both Hewlett-Packard Enterprise and HP Inc. will "be in deal-making mode" after the split, Re/code stated. HP Inc. is likely to draw attention from both Dell and China's Lenovo (LNVGY), which were both approached by HP about a possible deal over the last year, the website stated. Meanwhile, Hewlett-Packard Enterprise could restart dormant merger talks with EMC, while Dell and Cisco (CSCO) could emerge as bidders and offer shareholders of both Hewlett-Packard Enterprise and EMC better terms, Re/code stated. However, Cisco has carried out a more conservative M&A strategy lately, while its CEO, John Chambers, who is preparing to retire soon, said the company would not be interested in buying EMC, Re/code noted. PRICE ACTION: In mid-morning trading, HP jumped 4.6% to $36.83, while shares of EMC were down fractionally.
09:37 EDTBACActive equity options trading on open
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07:29 EDTBAC, WFCHead of NYDFS reaching out to banks in wake of JPMorgan breach, FT says
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07:13 EDTDFS, PAYMobile Marketing & Technology Magazine to hold a conference
Mobile Payments Conference is being held in Chicago on October 6-8.
06:50 EDTTITIM asks Banco Bradesco to review Oi offer, Reuters says
TIM Participacoes (TSU) appointed the investment banking division of Banco Bradesco (BBD) to review a possible offer for competitor Grupo Oi (OIBR), according to Reuters, citing a source with knowledge of the situation. The source said that Telecom Italia (TI) would use TIM as a means to incorporate all or only a portion of Oi's assets in a potential agreement. Telecom Italia is the controlling stakeholder of TIM. Reference Link
06:27 EDTBAC, WFCJPMorgan hackers hit about nine other firms, NY Times says
The group of hackers that infiltrated JPMorgan (JPM) also penetrated about nine other financial institutions, according to The New York Times. Washington intelligence officials and policy makers are much more concerned about the attacks than they have disclosed, the newspaper added. Other publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded cybersecurity companies include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).Reference Link
05:10 EDTWMTWal-Mart working with DirectHealth.com to introduce health insurance program
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