Stocks dipped into negative territory after a flat open Wednesday after U.S. lawmakers reached a deal to fund the government past mid-January added to expectations the Federal Reserve will start cutting back its stimulus program.» Read More
Dec 10- MasterCard Inc, the world's No.2 credit and debit card company, announced a 1- for-10 stock split and raised its quarterly dividend by 83 percent, sending its shares up 3 percent to their life-high in extended trading. MasterCard's shares have gained almost 60 percent this year as more people use cards for transactions across the world.
Dec 10- MasterCard Inc, the world's No.2 credit and debit card company, raised its quarterly dividend by 83 percent and announced a new $3.5 billion share buyback program, sending its shares up 3 percent in extended trading. The company, which also announced a 1- for-10 stock split, raised its quarterly dividend by 50 cents to $1.10 per share.
LONDON, Dec 9- When the Afghan government used mobile phones instead of cash to pay some of its policemen, the officers thought they'd just had a 30 percent pay rise.
Investors and Wall Street strategists who follow retail sales provided Reuters with some guidelines to avoid being confused by the deluge of data. They say that it is best to measure or forecast sales over a three-month period- from November to the end of January- rather than just a few days or a few weeks around Thanksgiving or heading into Christmas.
Think of Black Friday doorbusters as a starting point. Here's how you can save even more.
SAN FRANCISCO, Nov 20- Google Inc will offer a prepaid debit card that will allow consumers to purchase goods at stores and to withdraw cash from ATM machines, the Internet company said on Wednesday.
Nov 7- Wells Fargo& Co, is looking to entice more wealthy customers to use its credit cards as part of a strategy to become a more dominant player in that business, a top executive said on Thursday. Wells Fargo aims to grow market share over the next 18 months through a recently announced partnership with American Express Co, he added.
The U.S. is synonymous with technical innovation but is way behind other countries in using smartphones for payment.
We pay attention to downsize risks, says Chuck De Lardemelle, International Value Advisers, explaining why he thinks buying shares of DeVry is a smart bet.
David Dietze, President & Chief Investment Strategist at Point View Wealth Management tells us why he likes AIG.
Thursday's midday movers
CNBC's Melissa Lee, Dominic Chu and Stephanie Link dissect the numbers on Avon, Oshkosk, Visa and Mastercard.
Oct 31- MasterCard Inc, the world's No.2 credit and debit card company, reported a 14 percent rise in quarterly profit as more people across the world used plastic instead of cash. MasterCard and larger rival Visa Inc have been trying to capture new business in emerging markets, where cash payments still dominate but use of cards is growing at a fast pace.
MasterCard reported earnings that topped expectations, a day after larger rival Visa posted lower profit, mainly due to a tax provision.
Oct 31- MasterCard Inc reported a 14 percent rise in quarterly profit as more people used cards to make payments. The world's second-largest credit and debit card company's net income rose to $879 million, or $7.27 per share, in the third quarter, from $772 million, or $6.17 per share, a year earlier. Net revenue rose 16 percent to $2.22 billion.
*Facebook rises in premarket, trading could be volatile. NEW YORK, Oct 31- U.S. stock index futures edged lower on Thursday, suggesting the market's rally may have run out of steam, as investors digested recent comments from the Federal Reserve.
*Facebook rises in premarket, trading could be volatile. NEW YORK, Oct 31- U.S. stock index futures edged lower on Thursday, suggesting the market's rally may have run out of gas, as investors continued to digest recent comments from the Federal Reserve.
*Fourth-quarter profit of $1.85/ shr vs est $1.85. Oct 30- Visa Inc, the world's largest credit and debit card company, reported a 28 percent fall in quarterly profit due to a higher income tax provision and was slightly pessimistic about its outlook in the face of soft U.S. consumer spending.
The Fed will continue with $85 billion monthly securities purchases but spooked markets by not mentioning its financial concerns cited in September.
As mobile payments come of age, the big banks and transactions giants are trying to figure out their place, and if they do, not that much will change.