May Jobs Report

Nonfarm payroll increased by 75,000 in May (263,000 reported, actual revised 153,000)Unemployment steady at 3.6%Employment continued to trend up in professional and business services and in health care. Number of unemployed persons little changed at 5.9 million(5.8 million) **April numbers in parentheses Consensus estimate according to was 185,000 increase, so far less than forecast. … Continue reading May Jobs Report

AMD and Samsung Partner Up

Advanced Micro Devices announced a multi-year strategic partnership with Samsung to provide ultra low power, high performance mobile graphics IP based on AMD Radeon graphics technologies. Samsung is the number one cell phone maker in the world. AMD is already a leader in computer graphics and processors, and moving into consoles with the next PlayStation. … Continue reading AMD and Samsung Partner Up

Global Payments to Acquire Total System Services

Two pure play payments companies agree to combine forces. Global Payments agreed to aquire Total System Services in an all-stock transaction. TSS shareholders will receive $119.86 per share, a 20% premium over it's May 23rd closing price. This combination is the third big takeover in the payments industry this year. In January, Fiserv agreed to … Continue reading Global Payments to Acquire Total System Services