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	<title>Stock Blog Hub &#187; H&amp;R Block</title>
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		<title>(COST) Company News for December 8, 2010 &#8211; Corporate Summary</title>
		<link>http://www.stockbloghub.com/2010/12/09/cost-company-news-for-december-8-2010-corporate-summary/61622</link>
		<comments>http://www.stockbloghub.com/2010/12/09/cost-company-news-for-december-8-2010-corporate-summary/61622#comments</comments>
		<pubDate>Fri, 10 Dec 2010 00:25:49 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Discount Variety Stores]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[3M Company]]></category>
		<category><![CDATA[COST]]></category>
		<category><![CDATA[Costco Wholesale Corporation]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[H&R Block]]></category>
		<category><![CDATA[HRB]]></category>
		<category><![CDATA[JCI]]></category>
		<category><![CDATA[Johnson Controls Inc.]]></category>
		<category><![CDATA[KBR]]></category>
		<category><![CDATA[MMM]]></category>
		<category><![CDATA[Netflix]]></category>
		<category><![CDATA[NFLX]]></category>
		<category><![CDATA[Texas Instruments Inc.]]></category>
		<category><![CDATA[TXN]]></category>
		<category><![CDATA[Xilinx Inc.]]></category>
		<category><![CDATA[XLNX]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=61622</guid>
		<description><![CDATA[• Costco (NASDAQ:COST) posted fiscal first quarter earnings $0.02 higher than estimated at $0.71, as revenues jumped 11.2% to $19.24 billion, up from estimate of $18.81 billion • H&#38;R Block (NYSE:HRB) posted a fiscal second quarter loss of $0.35 a share, versus an expectation of a $0.37 loss, on revenues of $322.9 million that missed estimates of $339.5 million • Netflix (NASDAQ:NFLX) shares weakened after hours on reports that CFO McCarthy was leaving the firm • Goldman Sachs (NYSE:GS) upgraded KBR (NYSE:KBR) from &#8220;neutral&#8221; to &#8220;buy,&#8221; taking the price target from $26 to $36 • Janney Montgomery initiated coverage of Xilinx (NASDAQ:XLNX) at &#8220;neutral,&#8221; with a price target of $25 • Deutsche Bank (NYSE:DB) downgraded Johnson Controls (NYSE:JCI) from &#8220;buy&#8221; to &#8220;hold,&#8221; with a $40 price target • Goldman Sachs (NYSE:GS) downgraded 3M (NYSE:MMM) from &#8220;buy&#8221; to ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/12/09/cost-company-news-for-december-8-2010-corporate-summary/61622/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AZO) Will The Holiday Shopping Season Be Good for Retailers?</title>
		<link>http://www.stockbloghub.com/2010/12/02/azo-will-the-holiday-shopping-season-be-good-for-retailers/61159</link>
		<comments>http://www.stockbloghub.com/2010/12/02/azo-will-the-holiday-shopping-season-be-good-for-retailers/61159#comments</comments>
		<pubDate>Fri, 03 Dec 2010 06:30:36 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Auto Parts Stores]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[AutoZone Inc.]]></category>
		<category><![CDATA[AZO]]></category>
		<category><![CDATA[COST]]></category>
		<category><![CDATA[Costco Wholesale Corporation]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[H&R Block]]></category>
		<category><![CDATA[HRB]]></category>
		<category><![CDATA[National Semiconductor Corporation]]></category>
		<category><![CDATA[NSM]]></category>
		<category><![CDATA[Pall Corporation]]></category>
		<category><![CDATA[PLL]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[SAI]]></category>
		<category><![CDATA[SAIC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=61159</guid>
		<description><![CDATA[December 2, 2010 The holiday shopping season got off to a good official start this past weekend. The National Retail Federation estimates that total spending reached $45 billion during the three-day period of Black Friday, Saturday and Sunday. Shoppers spent an average of $365.34, up from $343.31 last year. The buying continued on Cyber Monday. ComScore calculated that online sales topped the $1 billion mark for the first time ever. E-commerce sales rose 16% from last year, with average spending per transaction rising 10% to $60.05. Several reports said traffic both at physical stores and online retailers was up. What is not shown in these numbers is the fact that holiday promotions started prior to Black Friday. Many retailers offered door buster-type deals throughout November. As a result, same-store sales ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/12/02/azo-will-the-holiday-shopping-season-be-good-for-retailers/61159/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(IBM) International Business Machines Acquires Software Company OpenPages</title>
		<link>http://www.stockbloghub.com/2010/09/17/ibm-international-business-machines-acquires-software-company-openpages/52006</link>
		<comments>http://www.stockbloghub.com/2010/09/17/ibm-international-business-machines-acquires-software-company-openpages/52006#comments</comments>
		<pubDate>Fri, 17 Sep 2010 15:10:00 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Computer Systems]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Accenture Limited]]></category>
		<category><![CDATA[ACN]]></category>
		<category><![CDATA[Altria Group Inc.]]></category>
		<category><![CDATA[AT&T Inc.]]></category>
		<category><![CDATA[DUK]]></category>
		<category><![CDATA[Duke Energy Corporation]]></category>
		<category><![CDATA[EMC]]></category>
		<category><![CDATA[EMC Corporation]]></category>
		<category><![CDATA[GOOG]]></category>
		<category><![CDATA[Google Inc.]]></category>
		<category><![CDATA[Gorman-Rupp Company]]></category>
		<category><![CDATA[GRC]]></category>
		<category><![CDATA[H&R Block]]></category>
		<category><![CDATA[Hewlett-Packard Company]]></category>
		<category><![CDATA[HPQ]]></category>
		<category><![CDATA[HRB]]></category>
		<category><![CDATA[IBM]]></category>
		<category><![CDATA[International Business Machines]]></category>
		<category><![CDATA[Market Vectors Short Municipal ETF]]></category>
		<category><![CDATA[Microsoft Corporation]]></category>
		<category><![CDATA[MO]]></category>
		<category><![CDATA[MSFT]]></category>
		<category><![CDATA[Oracle Corporation]]></category>
		<category><![CDATA[ORCL]]></category>
		<category><![CDATA[SAP]]></category>
		<category><![CDATA[Sap Ag]]></category>
		<category><![CDATA[SMB]]></category>
		<category><![CDATA[T]]></category>
		<category><![CDATA[Thomson Reuters Corporation]]></category>
		<category><![CDATA[TRI]]></category>
		<category><![CDATA[UNCA]]></category>
		<category><![CDATA[Unica Corporation]]></category>
		<category><![CDATA[VMW]]></category>
		<category><![CDATA[VMware]]></category>
		<category><![CDATA[VOD]]></category>
		<category><![CDATA[Vodafone Group plc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=52006</guid>
		<description><![CDATA[International Business Machines Corp. (IBM) continued its acquisition spree, with the latest candidate being privately held software company OpenPages. Terms of the deal were not disclosed. Based in Waltham, Massachusetts, OpenPages develops risk and compliance management software. According to IBM management, the deal will expand its business analytics division. Since May 2010, IBM has acquired two analytics company, OpenPages being the second one. It had previously acquired Sterling Commerce (analytics division) from AT&#38;T Inc. (T) in August 2010. Recently, IBM acquired marketing services company Unica Corp. (UNCA) for a whopping $480.0 million, which is expected to provide a fillip to IBM’s software business, its most profitable division. Including OpenPages, IBM has acquired five companies from different sectors since May 2010. Risk management has gained massive importance in the corporate world. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/09/17/ibm-international-business-machines-acquires-software-company-openpages/52006/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(CML) Company News for September 3, 2010 &#8211; Corporate Summary</title>
		<link>http://www.stockbloghub.com/2010/09/06/cml-company-news-for-september-3-2010-corporate-summary/50231</link>
		<comments>http://www.stockbloghub.com/2010/09/06/cml-company-news-for-september-3-2010-corporate-summary/50231#comments</comments>
		<pubDate>Tue, 07 Sep 2010 03:26:55 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Data Storage Devices]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[3PAR]]></category>
		<category><![CDATA[Campbell Soup Company]]></category>
		<category><![CDATA[CML]]></category>
		<category><![CDATA[CommVault Systems Inc]]></category>
		<category><![CDATA[Compellent Technologies]]></category>
		<category><![CDATA[CPB]]></category>
		<category><![CDATA[CVLT]]></category>
		<category><![CDATA[DELL]]></category>
		<category><![CDATA[Dell Inc.]]></category>
		<category><![CDATA[GG]]></category>
		<category><![CDATA[Goldcorp Inc.]]></category>
		<category><![CDATA[GRA]]></category>
		<category><![CDATA[H&R Block]]></category>
		<category><![CDATA[Hewlett-Packard Company]]></category>
		<category><![CDATA[HPQ]]></category>
		<category><![CDATA[HRB]]></category>
		<category><![CDATA[Isilon Systems]]></category>
		<category><![CDATA[ISLN]]></category>
		<category><![CDATA[Netezza Corporation]]></category>
		<category><![CDATA[NZ]]></category>
		<category><![CDATA[PAR]]></category>
		<category><![CDATA[Piper Jaffray Companies]]></category>
		<category><![CDATA[PJC]]></category>
		<category><![CDATA[Take-Two Interactive Software Inc]]></category>
		<category><![CDATA[TTWO]]></category>
		<category><![CDATA[W.R. Grace & Company]]></category>
		<category><![CDATA[Westar Energy Inc.]]></category>
		<category><![CDATA[WR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=50231</guid>
		<description><![CDATA[• H&#38;R Block (NYSE:HRB) posted nickel higher than expected fiscal first quarter results, with a loss of 36 cents on revenues of $275 million, off 0.4% from a year ago but up from estimates of $265 million • Dell (NASDAQ:DELL) quit the eighteen-day bidding war with Hewlett-Packard (NYSE:HPQ) for 3PAR (NYSE:PAR). Dell&#8217;s exit fed rumors the firm may now turn to other makers of storage systems, with rumors surrounding possible targets including CommVault Systems (NASDAQ:CVLT), Isilon Systems (NASDAQ:ISLN), Compellent Tech (NYSE:CML) and Netezza (NYSE:NZ) • Campbell Soup (NYSE:CPB) posted better-than-anticipated fiscal fourth quarter results of 33 cents up from Zacks estimates of 30 cents, on revenues of $1.52 billion, off estimates of $1.6 billion • Goldcorp (NYSE:GG) announced plans to purchase Andean Resources for $3.4 billion. • Take-Two Interactive (NASDAQ:TTWO) topped expectations with fiscal third ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/09/06/cml-company-news-for-september-3-2010-corporate-summary/50231/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(HRB) If the Tax Cuts are Extended, Who Benefits?</title>
		<link>http://www.stockbloghub.com/2010/08/19/hrb-if-the-tax-cuts-are-extended-who-benefits/48522</link>
		<comments>http://www.stockbloghub.com/2010/08/19/hrb-if-the-tax-cuts-are-extended-who-benefits/48522#comments</comments>
		<pubDate>Thu, 19 Aug 2010 16:27:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Personal Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[H&R Block]]></category>
		<category><![CDATA[HRB]]></category>
		<category><![CDATA[INTU]]></category>
		<category><![CDATA[Intuit Inc.]]></category>
		<category><![CDATA[Jackson Hewitt Tax Service Inc]]></category>
		<category><![CDATA[JTX]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=48522</guid>
		<description><![CDATA[One of the biggest topics on the agenda when Congress gets back from its summer vacation is going to be: What to do about the Bush Tax cuts that are going to expire. The GOP has argued that we need to keep all of them in place. The Obama administration has called for repealing them just for those that are making over $200,000 a year as individuals or $250,000 per year for couples. The Chart below (from Ezra Klein at The Washington Post) shows the relative size of the tax cuts that will happen under the two plans as opposed to simply following the existing law and letting all the tax cuts go to the great beyond. Relative to the existing law, everyone benefits (other than the U.S. Treasury) under ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/08/19/hrb-if-the-tax-cuts-are-extended-who-benefits/48522/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(HRB) H&amp;R Block Reports Interim Results</title>
		<link>http://www.stockbloghub.com/2010/03/25/hrb-hr-block-reports-interim-results/31744</link>
		<comments>http://www.stockbloghub.com/2010/03/25/hrb-hr-block-reports-interim-results/31744#comments</comments>
		<pubDate>Fri, 26 Mar 2010 00:20:23 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Personal Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[H&R Block]]></category>
		<category><![CDATA[HRB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=31744</guid>
		<description><![CDATA[Yesterday, H&#38;R Block Inc. (HRB) announced its preliminary tax season results for the interim period through Mar 15, 2010. While the company experienced an improvement in results during the Mar 1 &#8211; 15 period, the results were still down for the tax season-to-date through March 15. For the period March 1 – 15, same-office tax returns prepared in retail operations increased 7.0% from the prior-year period, while total tax returns prepared grew 4.3%. Total retail returns prepared were up 4.4% and the net average retail fee per tax return increased 2.1%. According to H&#38;R Block’s management, the improvement in results in the first half of March reflects an increase in overall return filing trends, a deceleration of assisted returns shifting to the digital mode and a decline in market share ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/25/hrb-hr-block-reports-interim-results/31744/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(HRB) H&amp;R Block&#8217;s Earnings Report One Cent Ahead of Expectations &#8211; Revenues Fall</title>
		<link>http://www.stockbloghub.com/2010/03/09/hrb-hr-blocks-earnings-report-one-cent-ahead-of-expectations-revenues-fall/30118</link>
		<comments>http://www.stockbloghub.com/2010/03/09/hrb-hr-blocks-earnings-report-one-cent-ahead-of-expectations-revenues-fall/30118#comments</comments>
		<pubDate>Tue, 09 Mar 2010 16:16:19 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Personal Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[H&R Block]]></category>
		<category><![CDATA[HRB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30118</guid>
		<description><![CDATA[H&#38;R Block Inc. (HRB) reported fiscal third quarter 2010 (ended Jan 31, 2010) net income of $50.6 million or 15 cents, up from $47.4 million or 14 cents in the year-ago period. However Incorporatedome from continuing operations was 16 cents, down 4 cents from the prior-year period. Results were slightly ahead of the Zacks Consensus Estimate of 14 cents, primarily driven by cost cuts. However, revenues were down 5.9% from the prior-year period to $934.9 million as the company prepared fewer tax returns. This was partially offset by a 5.9% decrease in operating expenses from the prior-year period to $840.4 million. The decrease reflects the benefits from the company’s cost cutting initiatives. Revenue from the Tax Service decreased 6.2% year-over-year to $747.7 million. The decrease stemmed from a 7.1% decrease ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/09/hrb-hr-blocks-earnings-report-one-cent-ahead-of-expectations-revenues-fall/30118/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(HRB) H&amp;R Block Incorporated &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2010/03/08/hrb-hr-block-incorporated-bear-of-the-day/30000</link>
		<comments>http://www.stockbloghub.com/2010/03/08/hrb-hr-block-incorporated-bear-of-the-day/30000#comments</comments>
		<pubDate>Mon, 08 Mar 2010 16:24:57 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Personal Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[H&R Block]]></category>
		<category><![CDATA[HRB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30000</guid>
		<description><![CDATA[We are downgrading our recommendation on H&#38;R Block (HRB) to Underperform from Neutral. The company has recently announced that it would not be able to meet its previously announced fiscal 2010 guidance as it is preparing fewer tax returns than it had previously expected. The tax filing market is shrinking due to the rise in unemployment. Also, there is a continued shift from assisted tax preparation to the digital space, where the company&#8217;s growth is not yet satisfactory. Additionally, the increased price sensitivity of consumers and loss of market share remain other headwinds. However, the company&#8217;s leading position in the tax preparer market, its strategic initiatives to grow its business through gaining and retaining customers and its cost containment measures augur well for the longer term. Zacks Investment Research]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/08/hrb-hr-block-incorporated-bear-of-the-day/30000/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(HRB) H&amp;R Block Earnings Expectations Down 25% From Year Ago</title>
		<link>http://www.stockbloghub.com/2010/03/05/hrb-hr-block-earnings-expectations-down-25-from-year-ago/29879</link>
		<comments>http://www.stockbloghub.com/2010/03/05/hrb-hr-block-earnings-expectations-down-25-from-year-ago/29879#comments</comments>
		<pubDate>Fri, 05 Mar 2010 18:48:46 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Personal Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[H&R Block]]></category>
		<category><![CDATA[HRB]]></category>
		<category><![CDATA[INTU]]></category>
		<category><![CDATA[Intuit Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=29879</guid>
		<description><![CDATA[H&#38;R Block Inc. (HRB) is scheduled to report its fiscal third quarter 2010 (ending Jan, 31) financial results on Monday, March 8, after the closing bell. According to the Zacks Consensus Estimate, the company will report earnings of 15 cents per share, down 25.0% from 20 cents reported in the prior-year period. Recently, the company has announced that it would not be able to meet its previously announced guidance for fiscal year 2010 (ending Apr 30, 2010) as it is preparing fewer tax returns than it had previously expected. As per H&#38;R Block’s previous guidance, the company expected to report earnings of $1.60–$1.80 per share from continuing operations. Though H&#38;R Block enjoys a market leading position, has a sustained focus on expense reduction initiatives and is implementing several strategies for ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/05/hrb-hr-block-earnings-expectations-down-25-from-year-ago/29879/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(HRB) H&amp;R Block Announces That They Will Miss Previous Guidance</title>
		<link>http://www.stockbloghub.com/2010/03/01/hrb-hr-block-announces-that-they-will-miss-previous-guidance/29328</link>
		<comments>http://www.stockbloghub.com/2010/03/01/hrb-hr-block-announces-that-they-will-miss-previous-guidance/29328#comments</comments>
		<pubDate>Mon, 01 Mar 2010 16:11:37 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Personal Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[H&R Block]]></category>
		<category><![CDATA[HRB]]></category>
		<category><![CDATA[INTU]]></category>
		<category><![CDATA[Intuit Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=29328</guid>
		<description><![CDATA[H&#38;R Block Inc. (HRB) has recently announced that it would not be able to meet its previously announced fiscal 2010 guidance as it is preparing fewer tax returns than it had previously expected. As per H&#38;R Block’s previous guidance, the company expected to report earnings of $1.60–$1.80 a share from continuing operations. This compares to the Zacks Consensus Estimate of $1.61 per share. However, following this weaker outlook announcement, we expect a large number of analysts to revise their estimates for the fourth quarter (ending April 30) and the full fiscal year 2010 downward in the next couple of days. In its preliminary tax season results for the interim period through Feb 15, 2010, the company said its same-office tax returns prepared in retail operations dropped 5.6% from the prior-year ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/01/hrb-hr-block-announces-that-they-will-miss-previous-guidance/29328/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(INTU) Internal Revenue Service Plans to Regulate Tax Preparers</title>
		<link>http://www.stockbloghub.com/2010/01/08/irs-internal-revenue-service-plans-to-regulate-tax-preparers/24451</link>
		<comments>http://www.stockbloghub.com/2010/01/08/irs-internal-revenue-service-plans-to-regulate-tax-preparers/24451#comments</comments>
		<pubDate>Fri, 08 Jan 2010 20:31:28 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Real Estate Development]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[H&R Block]]></category>
		<category><![CDATA[HRB]]></category>
		<category><![CDATA[INTU]]></category>
		<category><![CDATA[Intuit Inc.]]></category>
		<category><![CDATA[Jackson Hewitt Tax Service Inc]]></category>
		<category><![CDATA[JTX]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=24451</guid>
		<description><![CDATA[The Internal Revenue Service (IRS) plans to regulate the U.S tax preparers from the 2011 tax season. This includes mandatory registration, competency testing and continuing education requirements for tax preparers. Tax preparers, such as H&#38;R Block Inc. (HRB) and Jackson Hewitt Tax Service Inc. (JTX) may need to satisfy these requirements. According to the IRS, over 80% of Americans use a tax preparer or tax software for filing their tax returns. The new regulation is intended to standardize the tax preparer market and take actions against any misconduct by them. According to the IRS new proposal, all paid tax preparers are required to sign a federal tax return to register with the IRS and get a preparer tax identification number. Additionally, the tax preparers must pass the competency test and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/01/08/irs-internal-revenue-service-plans-to-regulate-tax-preparers/24451/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(HRB) H&amp;R Block Settles IRA Lawsuit</title>
		<link>http://www.stockbloghub.com/2010/01/06/hrb-hr-block-settles-ira-lawsuit/24325</link>
		<comments>http://www.stockbloghub.com/2010/01/06/hrb-hr-block-settles-ira-lawsuit/24325#comments</comments>
		<pubDate>Thu, 07 Jan 2010 00:21:18 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Personal Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[H&R Block]]></category>
		<category><![CDATA[HRB]]></category>
		<category><![CDATA[Jackson Hewitt Tax Service Inc]]></category>
		<category><![CDATA[JTX]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=24325</guid>
		<description><![CDATA[H&#38;R Block Inc. (HRB) has settled a lawsuit that alleged the company of fraudulently marketing its Express Individual Retirement Account (Express IRA) product that had hidden fees and low interest rates. New York Attorney General Andrew Cuomo said that over 600,000 Express IRA accounts were opened since 2000. Cuomo alleged that around 85% of the customers ended up with losing money as the fees charged by the company was more compared to the interest paid by it. Customers who closed those accounts incurred additional undisclosed fees. Cuomo also claimed that senior managers at H&#38;R Block were aware of the fact that many of its Express IRA customers were losing money on the IRAs, though no actions were being taken on the company’s behalf. H&#38;R Block has agreed to refund between ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/01/06/hrb-hr-block-settles-ira-lawsuit/24325/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>($MS) Morgan Stanley Indicted for Collateralized-Debt Obligation Fraud</title>
		<link>http://www.stockbloghub.com/2010/01/01/ms-morgan-stanley-indicted-for-collateralized-debt-obligation-fraud/24041</link>
		<comments>http://www.stockbloghub.com/2010/01/01/ms-morgan-stanley-indicted-for-collateralized-debt-obligation-fraud/24041#comments</comments>
		<pubDate>Sat, 02 Jan 2010 02:29:39 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Investments]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[H&R Block]]></category>
		<category><![CDATA[HRB]]></category>
		<category><![CDATA[MCO]]></category>
		<category><![CDATA[MHP]]></category>
		<category><![CDATA[Moody's Corporation]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[The McGraw-Hill Companies]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=24041</guid>
		<description><![CDATA[On Tuesday, Morgan Stanley (MS) was reportedly accused by the Employees’ Retirement System of the Virgin Islands of swindling its investors by promoting $1.2 billion of risky low-quality mortgage-related notes in 2007 that it had already perceived to be non-profitable. The lawsuit filed on Dec 24, 2009 in Manhattan Federal Court stated that Morgan Stanley has deliberately raised the rating of the mortgage notes to fulfill the collateralized-debt obligation (CDO) known as Libertas. According to the claim made by the Virgin Islands pension fund, Morgan marketed the fund on a CDO comprising subprime mortagages, which are known to have a larger-than-average risk of defaulting in the market. For this, the company teamed up with credit rating agencies such as Moody&#8217;s Investors Service, a division of Moody’s Corp. (MCO) and Standard ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/01/01/ms-morgan-stanley-indicted-for-collateralized-debt-obligation-fraud/24041/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(HRB) H&amp;R Block Beats Consensus Estimates</title>
		<link>http://www.stockbloghub.com/2009/12/08/hrb-hr-block-beats-consensus-estimates/22226</link>
		<comments>http://www.stockbloghub.com/2009/12/08/hrb-hr-block-beats-consensus-estimates/22226#comments</comments>
		<pubDate>Tue, 08 Dec 2009 18:35:09 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Personal Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[H&R Block]]></category>
		<category><![CDATA[HRB]]></category>
		<category><![CDATA[Jackson Hewitt Tax Service Inc]]></category>
		<category><![CDATA[JTX]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22226</guid>
		<description><![CDATA[H&#38;R Block Inc.’s (HRB) second quarter (ended Oct. 31) results were two cents ahead of the Zacks Consensus Estimate. For the quarter, the company reported a net loss from continuing operations of 38 cents per share compared to the Zacks Consensus loss estimate of 40 cents. The company had reported a loss of 40 cents in the year-ago quarter. Improved results in Tax Services and lower mortgage loan loss provisions were partially offset by reduced profits from Business Services. The company has also benefited from its cost containment initiatives. As a result of the seasonality in the business, the company usually reports a loss in the second quarter. Consolidated net loss for the quarter, which includes results from discontinued operations, improved to $128.6 million or 38 cents per share compared ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/08/hrb-hr-block-beats-consensus-estimates/22226/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(HRB) H&amp;R Block Misses Estimates</title>
		<link>http://www.stockbloghub.com/2009/09/08/hrb-hr-block-misses-estimates/14572</link>
		<comments>http://www.stockbloghub.com/2009/09/08/hrb-hr-block-misses-estimates/14572#comments</comments>
		<pubDate>Wed, 09 Sep 2009 00:55:22 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Personal Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[H&R Block]]></category>
		<category><![CDATA[HRB]]></category>
		<category><![CDATA[Jackson Hewitt Tax Service Inc]]></category>
		<category><![CDATA[JTX]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14572</guid>
		<description><![CDATA[H&#38;R Block Inc.’s (HRB) first quarter (ended July 31) results were two cents below the Zacks Consensus Estimate as higher losses in its Tax Services segment more than offset the gains from improved pre-season results from Business Services and lower corporate expenses. For the quarter, the company reported a net loss from continuing operations of 39 cents per share compared to the Zacks Consensus loss estimate of 37 cents. Revenues were up 1.3% year-over-year to $275.5 million. Tax Services revenues increased 7.7% year-over-year to $88.0 million. Favorable results from the company’s Australian tax operations resulted in a 14.2% increase in tax preparation fees. However, expenses were high due to the Southwest franchise acquisition, severance costs and increased expenses for information technology projects to prepare for the forthcoming tax season. As ]]></description>
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		<slash:comments>0</slash:comments>
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