July 17- Credit card processor Alliance Data Systems Corp bumped up its full-year earnings forecast for the second time this year after posting a better-than-expected second-quarter profit, helped by strong sales in its customer loyalty programs business.
July 17- Credit card processor Alliance Data Systems Corp reported an 18 percent rise in quarterly profit, helped by strong sales in its customer loyalty programs business. The company's net income attributable to shareholders rose to $137.4 million, or $2.19 per share, in the quarter ended June 30, from $116.4 million, or $1.71 per share, a year earlier.
Next week will be busy. There is considerable interest in the Fed's very large POMO operation on Thursday.
With Washington's debt battle over, markets will quickly shift focus to earnings and how much the government shutdown actually impacted the economy.
Three tech laggards could have strong upside, Zack Safran of Ivy Science & Technology Fund says.
Among the earnings stories for Thursday, Oct. 18, from AP Business News:. _ Nucor Corp.' s third-quarter net income plunged 39 percent on lower sales and prices as demand for steel fell in the sluggish global economy.
DALLAS-- Alliance Data Systems Corp., which manages loyalty and rewards programs for retailers and others, posted a 27 percent increase in third-quarter earnings, led by growth in its private label business. Alliance said Thursday it earned $119.5 million, or $1.84 per share, in the three months that ended Sept. 30.
Oct 12- Alliance Data Systems Corp:. *Barclays raises Alliance Data Systems price target to $160 from $145;. Reuters Station users, click. 1568.
*Raymond James Raises Heartland Payment to outperform from market. *Raymond James Cuts Alliance Data Systems to market perform from. Reuters Station users, click. 1568.
Exporters with a global reach, an economy that has stayed out of recession, and an abundance of solid household names made Germany a top pick for those who wanted to- or had to- invest in euro zone equities when the currency union's future looked in question earlier this year.
The U.S. banking quadropoly of Bank of America, Citigroup, Wells Fargo, and JPMorgan Chase has worn out its welcome with the public, but don't look for Amazon, Google, or even Wal-Mart Stores to offer a meaningful alternative.
OSLO, Oct 8- German sportswear company Puma. announced a range of biodegradable shoes and clothes on Monday, seeking to lead in protecting nature as it tries to catch up with rivals Nike and Adidas in sales.
--World Financial Network Credit Card Master Note Trust's issuance is an ABS securitization backed by a collateral certificate representing an ownership interest in the receivables held by World Financial Network Credit Card Master Trust.
A string of earnings downgrades from European autos and the sector's recent underperformance could open up a cheap entry point for investors, reckons Fabio Di Giansante, senior portfolio manager at Pioneer Funds.
Analysts from KBW weigh in with their picks of winners and losers in the financial sector if the U.S. falls off the “fiscal cliff.” TheStreet.com reports.