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  • Visa, Mastercard may crack China's $7T(!) market Wednesday, 22 Apr 2015 | 1:57 PM ET
    The China UnionPay logo is displayed outside a restaurant in Beijing.

    China will open up its $6.84 trillion market for domestic bank card transactions.

  • *Visa, MasterCard rise as China opportunity seen. Visa gained as much as 7.1 percent to hit a record of $69.98, while MasterCard came shy of its all-time high, after China said it would open up its market to foreign firms for clearing domestic bank card transactions. MasterCard rose as much as 5.3 percent to $92.43.

  • Midday Glance: Credit Card companies Wednesday, 22 Apr 2015 | 1:39 PM ET

    American Express Co. rose $1.13 or 1.5 percent, to $78.41. Capital One Financial Corp. rose$. 03 or percent, to $81.56. Discover Financial Services fell $1.28 or 2.2 percent, to $57.98.

  • *Visa, MasterCard rise as China opportunity seen. Visa gained as much as 7.1 percent to hit a record of $69.98, while MasterCard came shy of its all-time high after China said it would open up its market to foreign firms for clearing domestic bank card transactions from June. MasterCard rose as much as 5.3 percent to $92.43.

  • Early Glance: Credit Card companies Wednesday, 22 Apr 2015 | 10:25 AM ET

    American Express Co. rose$. 11 or. 1 percent, to $77.39. Capital One Financial Corp. fell$. 11 or. 1 percent, to $81.42. Discover Financial Services fell $1.28 or 2.2 percent, to $57.98.

  • After a sluggish start, US stocks finish higher Wednesday, 22 Apr 2015 | 10:05 AM ET

    NEW YORK— Investors cheered moves by Google and credit-card companies on Wednesday and sent the stock market to a solid gain. Google's new wireless service, dubbed "Project Fi," costs around $20 a month for basic service and charges customers for the amount of data they use. Google's stock gained $6.25, or 1 percent, to $549.18.

  • BEIJING, April 22- China has announced it will open up its market for clearing domestic bank card transactions, a move that should allow foreign players such as Visa Inc and MasterCard Inc direct access to a market valued at $6.84 trillion last year. Foreign firms will be able to set up their own clearing companies in China and apply to the central bank for licenses...

  • BEIJING, April 22- China will allow foreign firms to apply for licenses to establish bank card clearing businesses starting from June 1, the State Council said in a statement on its website on Wednesday. China said in October last year that it would open its credit card market to foreign players following a World Trade Organization ruling in 2012 that it...

  • US cancer center, software firm make deals in Cuba Tuesday, 21 Apr 2015 | 6:58 PM ET
    New York Governor Andrew Cuomo sits inside a vintage US car in Havanna on April 20, 2015.

    A cancer research center and a software company reached agreements with Cuban partners during a two-day trade mission to Cuba.

  • Final Glance: Credit Card companies Tuesday, 21 Apr 2015 | 6:03 PM ET

    American Express Co. rose$. 05 or. 1 percent, to $77.28. Capital One Financial Corp. fell$. 66 or. 8 percent, to $81.53. Discover Financial Services fell$. 23 or. 4 percent, to $59.26.

  • HAVANA, April 21- A U.S. cancer research center and a software company reached agreements with Cuban partners during a two-day trade mission to Cuba led by New York Governor Andrew Cuomo in the first trip of its kind since the rapprochement between the longtime adversaries. The Roswell Park Cancer Institute of Buffalo, New York, on Tuesday signed an agreement...

  • RIVERWOODS, Ill.— Discover Financial Services said Tuesday that its profit fell 7 percent in the first three months of the year, as the credit card issuer and lender increased its reserves against potential loan losses and booked higher expenses. Even so, the Riverwoods, Illinois company's earnings beat Wall Street expectations. Discover has been trying to get a...

  • HAVANA, April 21- A U.S. cancer research center and a software company reached agreements with Cuban partners during a two-day trade mission to Cuba led by New York Governor Andrew Cuomo in the first trip of its kind since the rapprochement between the longtime adversaries. The Roswell Park Cancer Center of Buffalo, New York, on Tuesday signed an agreement with...

  • Midday Glance: Credit Card companies Tuesday, 21 Apr 2015 | 1:45 PM ET

    American Express Co. rose$. 48 or. 6 percent, to $77.71. Capital One Financial Corp. fell$. 20 or. 2 percent, to $81.99. Discover Financial Services rose$. 07 or. 1 percent, to $59.56.

  • Early Glance: Credit Card companies Tuesday, 21 Apr 2015 | 10:51 AM ET

    American Express Co. rose$. 35 or. 5 percent, to $77.58. Capital One Financial Corp. fell$. 08 or. 1 percent, to $82.11. Discover Financial Services rose$. 08 or. 1 percent, to $59.57.

  • Final Glance: Credit Card companies Monday, 20 Apr 2015 | 7:11 PM ET

    American Express Co. fell$. 09 or. 1 percent, to $77.23. Capital One Financial Corp. rose$. 19 or. 2 percent, to $82.19. Discover Financial Services rose$. 41 or. 7 percent, to $59.49.

  • HAVANA, April 20- New York Governor Andrew Cuomo met senior Cuban officials in Havana on Monday as the head of a high-powered business delegation looking to take advantage of President Barack Obama's easing of restrictions with the Communist-led island. Cuomo, a Democrat, is the first governor to visit Cuba since a December announcement by Obama and Cuban...

  • Midday Glance: Credit Card companies Monday, 20 Apr 2015 | 1:17 PM ET

    American Express Co. fell$. 20 or. 3 percent, to $77.12. Capital One Financial Corp. rose$. 31 or. 4 percent, to $82.31. Discover Financial Services rose$. 48 or. 8 percent, to $59.56.

  • Early Glance: Credit Card companies Monday, 20 Apr 2015 | 10:38 AM ET

    American Express Co. rose$. 36 or. 5 percent, to $77.68. Capital One Financial Corp. rose$. 40 or. 5 percent, to $82.40. Discover Financial Services rose$. 14 or. 2 percent, to $59.22.

  • Final Glance: Credit Card companies Friday, 17 Apr 2015 | 6:03 PM ET

    American Express Co. fell $3.59 or 4.4 percent, to $77.32. Capital One Financial Corp. fell $1.01 or 1.2 percent, to $82.00. Discover Financial Services fell$. 34 or. 6 percent, to $59.08.