Fox Business - The Power to Prosper
Search Site

Automatic Data Processing, Inc.

ADP Downgraded By Moody's, S&P After Spin-off News

Automatic Data Processing Inc. was hit by ratings downgrades on Thursday after ADP said it plans to spin off its dealer-services business and focus on human-capital management. ADP had its issuer rating cut to "Aa1" from "Aaa" by Moody's Investors Service, while Standard & Poor's Ratings Services lowered its corporate credit rating on ADP to "AA" from "AAA." Moody's said in a statement that the downgrade reflects ADP's increased credit risk due to the diminished scale of its operations and decreased diversification of its product portfolio. Moody's also noted that now Exxon Mobil Corp. , Microsoft Corp. and Johnson & Johnson are the only companies with "Aaa" ratings in the U.S.Copyright © 2014 MarketWatch, Inc....

Read More

  1. Gold Jumps 1% Ahead of U.S. Jobs Data

    Gold rose about 1% on Wednesday, its largest gain in three weeks, on bargain hunting in the precious metal after two straight days of losses, traders said.The possib...

  2. Where’s the growth in earnings?

    JPMorgan Chase global market strategist Andres Garcia-Amaya gives his outlook for earnings.

  3. Intuit: March Employment Flat for Smallest SMBs

    Employment stayed flat in March for businesses with fewer than 20 employees, according to accounting software firm Intuit.

  4. Look to the revision

    FBN’s Maria Bartiromo looks ahead to Friday’s jobs numbers.

  5. Considering Employee Leasing? What You Need to Know About Using a PEO

    Hiring an employee is a huge commitment for any company. Whether an employer is looking to fill a part-time or full-time position, there are quite a few time and monetary investments to make, including recruitment, interviewing, payroll taxes, training and benefits administration.

  6. ADP : Overall Hiring Picks Up in March, but Small Business Growth Slows

    According to the ADP National Employment Report, private businesses added 191,000 jobs in March, with small businesses creating 72,000 new positions.

  7. Private Sector Adds 191K Jobs In March: ADP

    Private-sector-employment gains picked up in March, as employers added 191,000 jobs, Automatic Data Processing Inc. reported Wednesday. ADP revised February's gain t...

  8. Dollar Rises Against Euro After ADP Employment

    The dollar rose against the euro Wednesday after a report on U.S. private-sector employment in March showed a pickup in job creation. The private sector added 191,00...

  9. Treasurys Extend Fall After ADP Payrolls Report

    Treasury prices extended a fall Wednesday, pushing yields higher after a report showed the private sector added 191,000 new jobs in March. The prior month's gains we...

  10. Private Sector Adds 191,000 Jobs in March

    U.S. companies picked up the pace of hiring in March, signaling the dampening effects of harsh winter weather on job growth may be fading, a report by a payrolls pro...

  11. Wall Street Rallies for Fourth Straight Day

    FOX Business: The Power to ProsperWall Street bulls parlayed positive economic data into a fourth consecutive day of market gains, pushing the broad S&P 500 index to...

  12. Gold Higher After Two Days of Losses

    Gold rose on Wednesday, recouping some strength after two days of losses but remained near its lowest in seven weeks on expectations of strong jobs data in the world...

  1. Small Business Confidence Index Ticks up in March

    After a down month in February, small business owner confidence picked up in March, according to the latest index from the National Federation of Independent Business.  

  2. Youth Not Signing Up for Work-Sponsored Care

    It might be harder than first thought to get younger people to sign up for health-care insurance.  And it's not just the Affordable Care Act's exchanges they aren't ...

  3. Few risks holding back stocks from driving higher?

    ING Chief Investment Strategist Doug Cote on the outlook for the markets.

  4. European markets eye U.S. jobs data

    BGC Partners’ Mike Ingram on the European markets.

  5. Stocks Falter as Traders Brace for Jobs Report

    FOX Business: Capitalism Lives HereWall Street wavered in light volume Thursday as traders awaited the latest round of data on the U.S. labor market.Today's MarketsT...

  6. Wall Street Dips Amid Disappointing Data

    FOX Business: Capitalism Lives HereWall Street slumped on Thursday as traders eyed disappointing economic data and a rate decision from the European Central Bank. To...

  7. Stock Futures Hold Gains Despite Weak Data

    FOX Business: Capitalism Lives HereU.S. stock-index futures climbed on Thursday as traders shrugged off two disappointing economic reports. Today's MarketsAs of 8:40...

‹ Prev12345Next ›
Freebase CC-BY
Source: Automatic Data Processing, Inc. on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL