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MasterCard Inc

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  • US STOCKS-Wall St flat after GDP, but Visa lifts Dow Thursday, 30 Oct 2014 | 10:05 AM ET

    *Visa, MasterCard both rally after results. NEW YORK, Oct 30- U.S. stocks were mostly flat on Thursday, as a strong read on third-quarter economic growth raised new questions about monetary policy, though strong results at Visa single-handedly put the Dow in positive territory. "A strong report, on the heels of a more hawkish tone from the Fed yesterday, has some...

  • NEW YORK, Oct 30- U.S. stock index futures pointed to a slightly lower open on Thursday despite a reading on third-quarter economic growth that was stronger than expected. Gross domestic product grew at a 3.5 percent annual rate in the third quarter, beating expectations for a pace of 3 percent, though down from the 4.6 percent rate in the second quarter.

  • Oct 30- MasterCard Inc reported a better-than-expected 15.5 percent jump in quarterly profit as a rise in global consumer confidence encouraged its customers to use cards to make purchases. MasterCard's net income rose to $1.02 billion, or 87 cents per share, in the third quarter ended Sept. 30 from $879 million, or 73 cents per share, a year earlier.

  • MasterCard thrives in 3Q as Americans spend again Thursday, 30 Oct 2014 | 8:12 AM ET

    PURCHASE, N.Y.— MasterCard's third-quarter net income rose thanks to continued volume growth as Americans grow more confident about the economy and appear less hesitant to use credit cards. MasterCard is the world's second-largest processor of debit and credit card payments. Mastercard's bigger rival, Visa Inc., also beat expectations when it reported...

  • MasterCard profit jumps 15.5 pct as card usage rises Thursday, 30 Oct 2014 | 8:09 AM ET

    Oct 30- MasterCard Inc, the world's second-largest debit and credit card company, posted a 15.5 percent rise in quarterly profit as more customers used its cards to make purchases. The company's net income rose to $1.02 billion, or 87 cents per share, in the third quarter ended Sept. 30 from $879 million, or 73 cents per share, a year earlier. Net revenue rose 12.8...

  • US stocks are mixed early trading Thursday, 30 Oct 2014 | 5:21 AM ET

    Visa surged $19.73, or 9 percent, $234.50. THE ARCHRIVAL: The world's second-largest card-payment company, MasterCard, said its third-quarter profit surged as Americans appeared less hesitant to use their debit and credit cards. The results beat Wall Street's expectations, propelling MasterCard's stock up $5.79, or 8 percent, to $81.68.

  • China eases monopoly on credit cards Thursday, 30 Oct 2014 | 12:46 AM ET

    BEIJING— China says it will ease restrictions on credit cards in a move that might give Visa, MasterCard and other foreign competitors greater access to the Chinese market. Foreign companies will be allowed for the first time to apply to set up credit card clearing operations in China, said a Cabinet announcement late Wednesday. The World Trade Organization,...

  • *China to free up market for clearing bank card transactions. BEIJING, Oct 30- Visa Inc and Mastercard Inc welcome China's plans to open up its market for clearing domestic bank card transactions, as they stand to gain access to a growing market worth more than $1 trillion a year. While China lags behind countries such as the United States in spending on credit,...

  • China eases monopoly on credit card processing Wednesday, 29 Oct 2014 | 10:44 PM ET

    BEIJING— China's Cabinet says it will ease restrictions on credit card processing in a move that might help to resolve a lengthy dispute with the United States over access for Visa, Mastercard and other foreign competitors. Beijing's restrictions have given a near-monopoly on credit card processing to a state-owned entity, UnionPay. The World Trade...

  • UPDATE 2-Visa sees mobile payment as big growth driver Wednesday, 29 Oct 2014 | 6:57 PM ET

    *Fourth-qtr adjusted earnings $2.18/ shr vs est $2.10. Visa, along with Mastercard Inc and American Express Co, have partnered with Apple in the launch of a system- Apple Pay- that allows iPhone users to pay for anything from office supplies to burgers at the tap of a button. The company, along with its smaller rival MasterCard, is looking to expand in emerging markets,...

  • The consumer could come back in a big way Wednesday, 29 Oct 2014 | 6:33 PM ET
    A shopper looks at Michael Kors handbags at Macy's flagship store in New York.

    Consumers seem to have held back on spending in the third quarter from second quarter levels, but they could snap back in the fourth quarter.

  • Final Glance: Credit Card companies Wednesday, 29 Oct 2014 | 6:02 PM ET

    American Express Co. rose$. 33 or. 4 percent, to $88.34. Capital One Financial Corp. rose$. 60 or. 7 percent, to $81.29. Discover Financial Services fell$. 16 or. 3 percent, to $62.96.

  • Midday Glance: Credit Card companies Wednesday, 29 Oct 2014 | 1:41 PM ET

    American Express Co. rose$. 04 or percent, to $88.05. Capital One Financial Corp. rose$. 09 or. 1 percent, to $80.78. Discover Financial Services fell$. 24 or. 4 percent, to $62.89.

  • Early Glance: Credit Card companies Wednesday, 29 Oct 2014 | 10:53 AM ET

    American Express Co. rose$. 82 or. 9 percent, to $88.83. Capital One Financial Corp. rose$. 88 or 1.1 percent, to $81.57. Discover Financial Services rose$. 34 or. 5 percent, to $63.46.

  • Final Glance: Credit Card companies Tuesday, 28 Oct 2014 | 6:14 PM ET

    American Express Co. rose $1.38 or 1.6 percent, to $88.01. Capital One Financial Corp. rose $1.65 or 2.1 percent, to $80.69. Discover Financial Services rose$. 88 or 1.4 percent, to $63.12.

  • Midday Glance: Credit Card companies Tuesday, 28 Oct 2014 | 1:25 PM ET

    American Express Co. rose$. 59 or. 7 percent, to $87.22. Capital One Financial Corp. rose $1.00 or 1.3 percent, to $80.04. Discover Financial Services rose$. 62 or 1.0 percent, to $62.86.

  • Early Glance: Credit Card companies Tuesday, 28 Oct 2014 | 10:31 AM ET

    American Express Co. rose$. 70 or. 8 percent, to $87.33. Capital One Financial Corp. rose$. 96 or 1.2 percent, to $80.00. Discover Financial Services rose$. 70 or 1.1 percent, to $62.94.

  • Apple CEO Tim Cook says Apple Pay a success Tuesday, 28 Oct 2014 | 1:16 AM ET

    LAGUNA BEACH, Calif.— Apple CEO Tim Cook said Apple's new mobile payment system had over 1 million activations in the first three days after it became available, and is now more widely used than any competing payment system. While Apple has partnered with major banks and large retail chains including Macy's Inc., Walgreen Co. and McDonald's Corp., critics have...

  • Apple CEO fires back as retailers block Pay Tuesday, 28 Oct 2014 | 1:11 AM ET

    LAGUNA BEACH, Calif., Oct 27- Apple Inc CEO Tim Cook fired back at CVS and Rite Aid on Monday after the drugstore chains blocked the iPhone maker's mobile payments service, saying there were plenty of other retailers around the world to sign up. It already totes up more transactions than all other "contactless" payment methods combined, Cook said, citing Visa and...

  • Final Glance: Credit Card companies Monday, 27 Oct 2014 | 6:06 PM ET

    American Express Co. rose$. 23 or. 3 percent, to $86.63. Capital One Financial Corp. fell$. 23 or. 3 percent, to $79.04. Discover Financial Services fell$. 10 or. 2 percent, to $62.24.