Headlines:
Fiserv Officials Sell Big Blocks of Shares
The chief financial officer and several directors of the technology outsourcing vendor Fiserv Inc. sold off large blocks of its stock last week, according to documents filed with the Securities and Exchange Commission.
Kenneth Jensen, the CFO, sold 75,000 shares. Donald Dillon sold 45,300 shares; Gerald Levy sold 19,000; and Lewis Seidman sold 5,000. An unnamed affiliate registered to sell 100,000 shares of the Brookfield, Wis., company.
Fiserv's stock bounced between $39.50 and $40.50 last week, close to its 52-week high of $41.01.
Record Consumer Debt Decline for Nov.
U.S. consumers surprised Wall Street economists by borrowing less in November.
The Federal Reserve said Friday that the first decline in consumer credit outstanding in a year was also the biggest on record - $8.7 billion, to $2.085 trillion. It rose $9.5 billion (revised) in October, to $2.094 trillion. The October increase was originally reported as $7.7 billion.
Wall Street economists had forecast that consumer credit would increase by $6 billion in November.
Consumer credit data tend to be highly volatile from month to month and are frequently revised.
