Analysts Expect Big News from First Data on Thursday

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00016691-analysts-expect-big-news-from-first-data-/

By Julie MacIntosh, Reuters

Analysts expect First Data to update its restructuring and divestiture plans on Thursday, and the big question is whether the company’s new executives will stick with their predecessors’ ideas on how to resurrect the company or strike out on their own.

First Data, the world’s largest electronic and payment services processor, hired investment bank Morgan Stanley in November to help weigh options for its struggling U.S. credit card processing business, including a sale of the unit.

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