Bob Scott

Bob Scott

Quicken Loans Owner Going Public

The Rocket Companies, which owns Quicken Loans, has filed for an initial public offering. The company licenses the Quicken name from Intuit. An offering price and the number of shares to be offered have not been determined.

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Paychex: Revs to Stay Down in Q1

Paychex revenue fell 7 percent for the fourth quarter ended May 31 and the payroll and HR company expects revenue will stay down in the current quarter. The company said during its recent earnings webcast revenue will be down from “high single to low-double digits”.

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ADP Buys BenefitMall Payroll

Automatic Data Processing has acquired the payroll business of BenefitMall. Although neither company made a formal announcement, both companies’ websites enable BenefitMall customers to make the switch.

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