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MasterCard Inc

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  • TORONTO, May 26- Toronto Dominion Bank said on Tuesday it will acquire Nordstrom's U.S. consumer credit card portfolio as the Canadian bank looks to use its strong balance sheet to expand its lending business in the United States. But under the terms, Nordstrom will receive a large slice of net revenue generated by the credit card accounts. Nordstrom's U.S. credit...

  • NEW YORK— A $19 million deal between Target and MasterCard to settle lawsuits stemming from the retailer's massive pre-Christmas 2013 data breach has been scrapped, because it failed to get enough support from the affected banks and credit unions. MasterCard Inc. would only say Friday that not enough issuers approved the deal. Minneapolis- based Target...

  • May 22- A proposed $19 million settlement between MasterCard Inc and Target Corp over the retailer's 2013 data breach fell through after not enough banks accepted the deal, the credit card company said on Thursday. The lead lawyers for the banks had argued that the settlement with MasterCard, which was not a party to the lawsuit, was an attempt to undercut their...

  • Half a millennium later, that sum wouldn't buy a square foot of office space in New York City's trendiest real estate market, the area below 34th Street known as Midtown South. Fueled by an influx of workers from the Internet economy and a record 17 consecutive quarters of rising prices, the average cost per square foot of office space in Midtown South hit an...

  • NEW YORK/ CHICAGO, May 8- A federal judge has rejected a bid from a group of banks and credit unions suing Target Corp over its 2013 data breach to block the company's proposed $19 million settlement with MasterCard Inc. District Judge Paul Magnuson in St. Paul, Minnesota, wrote in a ruling Thursday that the deal does not appear "altogether fair or reasonable" but he...

  • Lightning Round: Throwing the red flag on this! Friday, 1 May 2015 | 7:24 PM ET
    Mad Money Lightning Round

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • *Q2 EPS 63 cents/ shr vs est 62 cents. April 30- Visa Inc, the world's largest credit and debit card company, forecast profit below Wall Street expectations for the current quarter, hurt by continued pressure from lower crude prices and a strong dollar. The company forecast third-quarter earnings per share 6- 8 cents lower than analysts' expectations.

  • NEW YORK, April 30- Merchants unhappy with the fees American Express Co charges them may steer customers toward less expensive cards without fearing retaliation from the credit card company, a federal judge ruled on Thursday. Judge Nicholas Garaufis in Brooklyn federal court said American Express may not stop restaurants and stores, for instance, from...

  • Trader on the floor of the New York Stock Exchange.

    U.S. stocks traded lower as investors weighed a weaker-than-expected GDP report and earnings reports ahead of the Fed statement release.

  • *Humana declines as hospital admissions pick-up. April 29- U.S. stocks fell sharply in early afternoon trading on Wednesday, led by health insurers after Humana reported an unexpected pick-up in hospital admissions in March and April. Humana shares fell 7 percent to $168.28, making them the second biggest loser on the S&P 500. The insurer's statement also hit...

  • *MasterCard's strong results also boosts Visa. *Starwood Hotels hits record high. April 29- U.S. stocks slipped on Wednesday after data showed that economic growth braked more sharply than expected in the first quarter, and ahead of the U.S.

  • *MasterCard' s strong results also boosts Visa. *Starwood Hotels hits record high. April 29- U.S. stocks fell at the open on Wednesday after data showed that economic growth braked more sharply than expected in the first quarter, and ahead of the U.S.

  • April 29- MasterCard Inc, the world's No. 2 debit and credit card company, reported a better-than-expected quarterly profit as costs fell and shoppers spent more on its cards. MasterCard's shares rose about 3.6 percent to a record-high of $93.59 in early trading on Wednesday. "was able to overcome a drag from currency and grow volumes and earnings based on cost...

  • *GoPro jumps after forecasts comes in above estimates. April 29- U.S. stock index futures fell further on Wednesday after data showed that the U.S. economic growth stalled in the first quarter and ahead of the outcome of the two-day Federal Reserve meeting. The low-rate environment is a bubble in itself and its like riding a balloon until the pin pops, "said Andre...

  • Futures hold lower on GDP; Fed statement eyed Wednesday, 29 Apr 2015 | 9:08 AM ET
    Janet Yellen, Chair of the Federal Reserve.

    U.S. stock index futures pointed to a lower open on Wednesday, as investors awaited the conclusion of the two-day Federal Open Market Committee (FOMC) meeting.

  • UPDATE 1-MasterCard profit rises on lower tax expense Wednesday, 29 Apr 2015 | 8:32 AM ET

    April 29- MasterCard Inc, the world's No. 2 debit and credit card company, reported a 17 percent rise in quarterly profit as people spent more using its cards and the company paid lower taxes. MasterCard shares were up about 2 percent at $91.94 in premarket trading. The company's net income rose to $1.02 billion, or 89 cents per share, from $870 million, or 73 cents per...

  • MasterCard profit rises 17 pct Wednesday, 29 Apr 2015 | 8:07 AM ET

    April 29- MasterCard Inc, the world's No. 2 debit and credit card company, reported a 17 percent rise in quarterly profit as more people used its cards worldwide. The company's net income rose to $1.02 billion, or 89 cents per share, in the first quarter ended March 31 from $870 million, or 73 cents per share, a year earlier. Net revenue rose 2.7 percent to $2.23 billion.

  • US STOCKS-Futures down ahead of Fed statement, GDP data Wednesday, 29 Apr 2015 | 7:18 AM ET

    April 29- U.S. stock index futures were lower on Wednesday as investors await the outcome of the two-day Federal Reserve meeting and ahead of U.S. economic growth numbers for the first quarter. The statement is expected at 1400 p.m. EDT. *Twitter shares were up 0.5 percent at $42.48 in premarket trading.

  • Investors on Fed statement, first-quarter GDP watch Wednesday, 29 Apr 2015 | 6:00 AM ET
    The Federal Reserve building in Washington.

    Investors will scrutinize US growth as the initial read on the first-quarter GDP comes ahead of a meeting statement from a 'data-dependent' Fed.

  • Investors on Fed watch as statement, GDP come out Tuesday, 28 Apr 2015 | 6:56 PM ET
    The Federal Reserve building in Washington.

    Investors will scrutinize US growth as the initial read on the first-quarter GDP comes ahead of a meeting statement from a 'data-dependent' Fed.