Automatic Data Processing, Inc. reports third-quarter earnings of $31.9 million ($.87/share) on sales of $324.2 million. Net in year-ago quarter was $26.1 million ($.73/share) on revenues of $273.9 million. Company says increase came from brokerage services unit, which benefited from record trading levels in stock market. Bunker Ramo acquisition kicked in by increasing revenues but depressing earnings, says ADP.
Dow Jones & Co. reports first-quarter net from operations of $30.4 million ($.47/
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails