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Under the planned settlement, VeriFone will divest Hypercom's point-of-sale terminals business in the United States to an entity led by the private equity firm Gores Group.
On May 27, 2010, VeriFone was upgraded to Neutral from Underperform, $18 target, at Wedbush. The stock is trading at $39.01 which is 93.69% higher than the upgrade price of $20.14.
The U.S. Justice Dept. reported that it has reached an agreement with VeriFone Systems(NYSE:PAY) in connection with the electronic payment system company's bid to buy Hypercom Corp.(NYSE:HYC).
Good Morning. It's Friday, May 13, 2011. At this hour, U.S. equity futures are pointing to a higher open. Overseas, the Asian markets were up, while the European markets are mostly to the upside. VeriFone Systems (PAY) and Hyperco
Citing two people familiar with the deal, the report says that the company will pay for installation of thousands of specialized cash register systems from VeriFone (PAY). The trial will take place in New York and San Francisco wi
Google shares are down 0.96%, or $5.49, to $564.29.
Google (GOOG) shares are down while Bloomberg reports that the Internet company plans to start testing a service that lets users ring up purchases using their phones.
The company sees Q2 revenues of $280 million to $284 million, vs. consensus estimates of $276.13 million, and EPS of $0.42 to $0.43, vs. consensus estimates of $0.40 per share. For the full-year, its sees revenues of $1.15 billion
Douglas G.
Verifone (NYSE:PAY) reported Q1 EPS of $0.43, ahead of consensus estimates of $0.39 per share. Revenues for the quarter rose 27% year-over-year to $283.8 million, topping consensus estimates of $270.1 million.
Among the executives receiving options are COO John Havens, head of consumer banking for the Americas Manuel Medina-Mora, and CFO John Gerspach.
Citigroup shares are up $0.01, or 0.2%, to $4.91.
Citigroup (C) shares are higher after Bloomberg reported that the bank granted options on 18.2 million shares to 15 executives as a part of their 2010 pay.
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From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...
