Do Bankrate, Groupon, and Xerox Have Strong Futures In The Services Industry?
New York, NY – GDP INSIDER – 10/08/2014.
This article discusses three services companies: Bankrate, Groupon, and Xerox.
As of Oct. 7th, Bankrate Inc(NYSE:RATE) currently has a bid price of $9.50 x 100 and an offer price of $15.50, indicating that the stock is highly liquid. This may be due to the fact that the personal finance content aggregator is currently facing a class action lawsuit in the United States District Court that has captured the attention of a variety of lawfirms, including Pittsburgh Law Office, Levi & Korsinsky, and the Rosen Law Firm. The company and its board of directors is under investigation for alleged violations of Sections 10(b) and 20(a) of the Securities Exchange Act.
Groupon Inc(NASDAQ:GRPN) announced Oct. 2nd that it had launched Snap, an application that actually pays customers for shopping. Additionally, users of the application, which is available on both Android and iOS platforms, can submit a grocery receipt through Nov. 11th to become eligible for a $13,000 award, the estimated amount that it takes to feed an entire family for a year. The application is available at no charge to the user and can be used at any supermarket or retailer in the United States and Canada.
Xerox Corp(NYSE:XRX) is a information technology services company based in Connecticut, providing business process outsourcing services. On Oct. 1st, Xerox released its 2014 Report on Global Citizenship, an annual document that delivers information on the company’s progress toward being a sustainable enterprise. Xerox was also recently added to the Dow Jones Sustainability North America Index and received a 95 score from the Carbon Disclosure Project. The press release cited the company’s diversity, market leadership, and services offerings.
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