Major tech companies are making headlines at the Mobile World Congress in Barcelona, Spain, one of the most important tech gatherings.» Read More
BRUSSELS, Feb 14- The European Union's antitrust regulator will accept Visa Europe's offer to cap its credit card fees for retailers, two people familiar with the matter said, as the EU strives to cut the cost of paying with plastic and boost online commerce.
WASHINGTON, Feb 13- U.S. banks and retail groups announced on Thursday that they are joining forces to work on cybersecurity, a sign they might be moving past recent squabbles over who is to blame for data breaches.
Even the mightiest short seller on Wall Street was no match for the bull market in 2013.
Retailers need to do a lot more to defend themselves against future cyberattacks, according to security experts and IT service providers.
NEW YORK, Feb 5- Target Corp's decision to speed up a $100 million program to adopt the use of chip-enabled smart cards is just a drop in the bucket when it comes to what retailers need to do to defend themselves against future cyber attacks, according to security experts and IT service providers.
Lately, a catalyst has been popping up in the market that’s somewhat unpredictable. And it's playing havoc with stocks.
Weak U.S. manufacturing data sent stocks into a tailspin and signaled to some that the correction in stocks could be deeper than expected.
U.S. stocks fell sharply on Friday on continuing worries about emerging markets.
Treasurys rose on month-end buying and lingering concerns about EM economies, putting safe-haven bonds on track to notch strong gains in January.
*Amazon.com shares tumble after earnings disappoint. *Wal-Mart cuts outlook due to store closings. NEW YORK, Jan 31- U.S. stocks fell on Friday, with the S&P 500 on track for its first monthly loss since August as disappointing corporate earnings from big companies like Amazon.com and concerns about the euro zone and emerging markets kept investors on edge.
MasterCard posted a lower-than-expected quarterly profit and said its net revenue for the year would come in at the low end of its forecast range.
Some of Friday's midday movers:
Jan 31- MasterCard Inc posted a lower-than-expected quarterly profit and said its net revenue for the year would come in at the low end of its three-year forecast range as customers migrate to Visa Inc as part of a previously announced deal.
*Wal-Mart cuts outlook; shares off in premarket trade. NEW YORK, Jan 31- U.S. stocks retreated on Friday, on course for their first monthly decline since August, in the wake of weak earnings reports by companies like Amazon and Walmart and concerns about declining currencies in emerging markets.
The markets will continue to grapple with emerging market fallout, due to lower liquidity stemming from the Federal Reserve's tapering policy.
*Mattel shares plunge after fourth-quarter results. *Wal-Mart cuts outlook; shares off in premarket trade. NEW YORK, Jan 31- Wall Street was poised to tumble at the open on Friday and was set for its first monthly decline since August, hurt by weaker-than-expected inflation data in the euro zone and ongoing concerns about turbulence in emerging markets.
Jan 31- MasterCard Inc, the world's No.2 credit and debit card company, reported a 3 percent rise in quarterly profit but missed analysts' average forecast as expenses rose. MasterCard shares were down 7 percent at $74.29 before the bell.
U.S. stock index futures signaled a steep drop at the start of trading on Wall Street Friday, ahead of fourth quarter earnings from Chevron and MasterCard.
Jan 31- MasterCard Inc, the world's No.2 credit and debit card company, reported a 3 percent rise in quarterly profit as more people across the world used plastic instead of cash. MasterCard's net income rose to $623 million, or 52 cents per share, in the fourth quarter from $605 million, or 49 cents per share, a year earlier. Adjusted earnings were 57 cents per share.
As January comes to a close, the stock market is down about 3 percent, and it has set the tone for a much more challenging year.