Stock Market News & Stocks to Watch from StraightStocks » credit card processing http://www.straightstocks.com Leading Stock Market News, Opinions and Commentary Wed, 25 Nov 2009 09:50:28 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 Small Cap Voice Featured Company: Metatron Inc. (MRNJ.PK) http://www.straightstocks.com/investing-lessons/small-cap-voice-featured-company-metatron-inc-mrnj-pk/ http://www.straightstocks.com/investing-lessons/small-cap-voice-featured-company-metatron-inc-mrnj-pk/#comments Mon, 23 Nov 2009 16:38:15 +0000 QualityStocks http://Blog.QualityStocks.net/?p=19477 http://www.straightstocks.com/investing-lessons/small-cap-voice-featured-company-metatron-inc-mrnj-pk/feed/ 0 Citi Sells Chunk of Diners Club – Analyst Blog http://www.straightstocks.com/stock-watch/citi-sells-chunk-of-diners-club-analyst-blog/ http://www.straightstocks.com/stock-watch/citi-sells-chunk-of-diners-club-analyst-blog/#comments Tue, 29 Sep 2009 18:44:01 +0000 Zacks Market Commentaries http://www.zacks.com/stock/news/25310/Citi+Sells+Chunk+of+Diners+Club+-+Analyst+Blog Citigroup, Inc. (C) has sold off a part of its Diners Club credit card processing business to Elavon, a subsidiary of US Bancorp (USB), as it continues to rid itself of unwanted assets.

Elavon acquired Citibank's Diners Club Card merchant-location portfolio in Western Europe, which represents more than 75,000 merchants. Small and mid-size businesses that accept Diners Club cards in the region will now process their transactions through Elavon. Terms of the deal were not disclosed.

Separately, Elavon has also signed an agreement with Diners Club International, a unit of Discover Financial Services (DFS). The agreement will enable Elavon to provide processing, funding and customer support services for merchants that accept Diners Club International cards in the U.K., Ireland, France, Switzerland and Germany.

Citigroup, once the largest U.S. bank by assets, fell behind last year after a series of acquisitions by rivals. The bank has been severely hurt by billions in losses and write-downs of problem loans and toxic assets.

During the second quarter of 2009, Citigroup reported results separating the firm into Citicorp and Citi Holdings. The company is currently undergoing a major restructuring in its businesses and plans to hold down its assets and divest non-core businesses in Citi Holdings.

The U.S. government injected $45 billion in bailout funds into the bank, $25 billion of which was recently converted to a 34% ownership stake. Top-level management at the company is conceiving plans to downsize the government’s stake in the company through a multibillion-dollar stock offering.

Last week, Citigroup also decided to scale back its U.S. retail footprint to just six major metropolitan areas and limit lending mostly to wealthy customers.

Citigroup will release its third quarter 2009 earnings on Oct. 15, 2009 with a conference call scheduled later in the day to discuss its results. Ahead of its results, we maintain our Neutral recommendation on the stock.
Read the full analyst report on "C"
Read the full analyst report on "USB"
Read the full analyst report on "DFS"
Zacks Investment Research
]]> http://www.straightstocks.com/stock-watch/citi-sells-chunk-of-diners-club-analyst-blog/feed/ 0 Olympic Stocks http://www.straightstocks.com/current-market-news/olympic-stocks/ http://www.straightstocks.com/current-market-news/olympic-stocks/#comments Tue, 12 Aug 2008 02:55:00 +0000 Fred Fuld tag:blogger.com,1999:blog-23020893.post-192051519157207863
Coca Cola (KO) is the famous beverage company. The stock has a PE of 22 , a PEG of 1.9 and pays a yield of 2.70% .

General Electric (GE) the conglomerate involved in technology, media, and financial services. The stock has a PE of 14 , a PEG of 1.22 and pays a yield of 4.20% .

Johnson & Johnson (JNJ) famous for its Bandaids, makes and markets various health care products. The stock has a PE of 17 , a PEG of 1.98 and pays a yield of 2.60% .

Kodak (EK) makes and sells photography and digital imaging products. The stock has a PE of 8 , a PEG of 9.59 and pays a yield of 3% .

Lenovo Group (LNVGY.PK) makes and sells technology products and services. The stock has a PE of 13 and pays a yield of 4.70% .

Manulife (MFC) is a life, group life and health insurance company. The stock has a PE of 14 , a PEG of 0.96 and pays a yield of 2.80% .

McDonalds (MCD) is the operator of McDonalds fast food restaurants. The stock has a PE of 17 , a PEG of 1.57 and pays a yield of 2.30% .

Visa (V) is the credit card processing company. The stock has a PE of 27 , a PEG of 1.42 and pays a yield of 0.60% .

If you want an Excel database of all the publicly traded Worldwide Olympic Sponsors, along with the Sponsors, Exclusive Suppliers, and Beijing 2008 Partners, a total of 18 stocks, go to WallStreetNewsNetwork.com.

Author owns KO, MCD, and V.

By Fred Fuld at Stockerblog.com
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