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  • CHICAGO, March 3- New technology about to be deployed by credit card companies will require U.S. consumers to carry a new kind of card and retailers across the nation to upgrade payment terminals. Anre Williams, president of global merchants services at American Express, cited cost and complexity as reasons for not issuing PIN numbers, which would require a much...

  • Final Glance: Credit Card companies Monday, 2 Mar 2015 | 6:08 PM ET

    American Express Co. rose$. 44 or. 5 percent, to $82.03. Capital One Financial Corp. rose$. 44 or. 6 percent, to $79.15. Discover Financial Services fell$. 72 or 1.2 percent, to $60.26.

  • NEW YORK— If you're shopping at Costco, you'll need a new credit card to pay for those family-sized packs of chicken breasts or toilet paper. After only accepting American Express the last 16 years, the retailer is switching to Visa and will use Citigroup as its exclusive provider of co-branded credit cards. Costco is a large and influential chain.

  • Midday Glance: Credit Card companies Monday, 2 Mar 2015 | 1:17 PM ET

    American Express Co. rose$. 41 or. 5 percent, to $82.00. Capital One Financial Corp. rose$. 24 or. 3 percent, to $78.95. Discover Financial Services fell$. 54 or. 9 percent, to $60.44.

  • Early Glance: Credit Card companies Monday, 2 Mar 2015 | 11:16 AM ET

    American Express Co. rose$. 47 or. 6 percent, to $82.06. Capital One Financial Corp. fell$. 04 or. 1 percent, to $78.67. Mastercard rose$. 46 or. 5 percent, to $90.59.

  • NEW YORK— For the first time since its dot-com era peak nearly 15 years ago, the Nasdaq composite has closed above 5,000.. Investors are now paying $20 for every $1 in earnings per share thrown off by Nasdaq companies each year. "It has gone up for the right reasons— on fundamentals, not just speculation," said Peter Cardillo, chief market economist at Rockwell Global...

  • March 2- Warehouse club retailer Costco Wholesale Corp said on Monday it had tied up with Citigroup Inc and Visa Inc to issue co-branded credit cards in the United States and Puerto Rico. Citigroup will exclusively issue the co-brand cards and Visa would provide the payment network, replacing American Express Co, from April 1, 2016, Costco said.

  • Costco strikes credit card deal with Citi, Visa Monday, 2 Mar 2015 | 8:36 AM ET

    NEW YORK— Costco says it struck a deal for Citi to be the exclusive issuer of its co-branded credit cards, with Visa replacing American Express as the card network. Costco and American Express ended their partnership after failing to reach an agreement on renewal terms. David Sherwood, Costco's director of finance and investor relations, said in a phone...

  • March 2- Warehouse club retailer Costco Wholesale Corp said on Monday it had entered into agreements with Citigroup Inc and Visa Inc for co-branded credit cards. Citigroup will become the exclusive issuer of Costco's co-brand credit cards and Visa will replace American Express Co as the credit card network for Costco in the United States and Puerto Rico from...

  • OMAHA, Neb.— Billionaire Warren Buffett didn't end the speculation about his eventual successor, but he reiterated Monday that Berkshire Hathaway's board has a plan in place. Berkshire's Vice Chairman Charlie Munger spurred renewed interest in the replacement for the 84- year-old Buffett over the weekend because he singled out two candidates in his own...

  • NEW YORK— Last fall, Apple launched Apple Pay, bringing mobile-payment technology to the iPhone. Samsung's payment service won't come until this summer, and will launch only in the U.S. and South Korea at first. Here's what's known about Samsung Pay and how it compares with Apple Pay and Google's own efforts for Android.

  • OMAHA, Neb.— The crowd at this year's Berkshire Hathaway annual meeting is likely to top 40,000 as the company marks 50 years of Warren Buffett's leadership. Berkshire investors routinely fill Omaha's downtown arena and overflow rooms at the conference center and a hotel across the street for the meeting. Not long before the arena doors open at 7 a.m. on May 2, a...

  • NEW YORK, Feb 28- In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. Within 10 to 20 years, Buffett said, Berkshire's girth could require whoever then runs the Omaha, Nebraska- based company to consider steps...

  • In the 84- year-old's annual shareholder letter released on Saturday, Buffett said Berkshire has grown so large- 751,000 times its original net worth per share- that the future pace of gains "will not come close" to those of the past. "I think Berkshire will outperform the average American company, but our advantage, if any, won't be great." Buffett, also addressing one...

  • NEW YORK, Feb 28- In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. Within 10 to 20 years, Buffett said, Berkshire's girth could require whoever then runs the Omaha, Nebraska- based company to consider steps...

  • Feb 28- Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit declined 17 percent as investment gains declined, but operating results improved. Net income fell to $4.16 billion, or $2,529 per Class A share, from $4.99 billion, or $3,035 per share, a year earlier. Quarterly operating profit rose 5 percent to $3.96 billion, or $2,412 per...

  • Final Glance: Credit Card companies Friday, 27 Feb 2015 | 6:02 PM ET

    American Express Co. fell $1.66 or 2.0 percent, to $81.59. Capital One Financial Corp. fell$. 44 or. 6 percent, to $78.71. Discover Financial Services fell$. 28 or. 5 percent, to $60.98.

  • Midday Glance: Credit Card companies Friday, 27 Feb 2015 | 1:25 PM ET

    American Express Co. fell $1.08 or 1.3 percent, to $82.17. Capital One Financial Corp. fell$. 03 or percent, to $79.12. Discover Financial Services fell$. 05 or. 1 percent, to $61.21.

  • 5 ways to play a gold breakout Friday, 27 Feb 2015 | 11:58 AM ET

    Professional and retail traders are aligned on where they think the yellow precious metal is going next.

  • Early Glance: Credit Card companies Friday, 27 Feb 2015 | 11:10 AM ET

    American Express Co. fell$. 69 or. 8 percent, to $82.56. Capital One Financial Corp. fell$. 03 or percent, to $79.12. Discover Financial Services rose$. 13 or. 2 percent, to $61.39.