MasterCard stock is splitting, but don't expect too many other companies to follow suit.» Read More
WASHINGTON, Aug 14- A U.S. judge postponed throwing out a controversial cap on debit card "swipe fees" and gave the Federal Reserve one week to take a position on whether to write an interim rule to replace the fee cap.
Check out which companies are making headlines before the bell on Wednesday:
Stocks wrapped up the final trading day of the month on a flat note, but still logged their best July since 2010, as the Federal Reserve said it will maintain its bond-buying policy in its ongoing effort to bolster the economy.
A US District Court judge sided with retailers seeking a lower cap on the fees charged by banks for debit card transactions.
*Visa, MasterCard shares fall after ruling. WASHINGTON, July 31- A U.S. judge has sided with retailers seeking a lower cap on the fees charged by banks for debit card transactions, in a key ruling that sent down shares of card companies Visa Inc and MasterCard Inc..
MasterCard reported quarterly earnings and revenue that beat Wall Street's expectations on Wednesday as more people used cards to make payments.
*Shares of Herbalife climb on report George Soros has taken a stake. *Facebook trades above IPO price of $38 for first time since debut.
The CNBC "Earnings Squad" dissects the earnings stories and play on MasterCard, Anheuser Busch Inbev, and Burger King.
In the battle for relevance, U.S. jobs figures are locking horns with U.S. gross domestic product (GDP). Only one is more important to Fed policy thinking.
U.S. stock index futures turned flat after an initial drop Wednesday following a pair of better-than-expected economic reports and ahead of the Federal Reserve's latest policy statement.
*2nd- quarter EPS $6.96/ shr vs est $6.30. July 31- MasterCard Inc reported a better-than-expected 21 percent rise in quarterly profit as more people used cards to make payments, sending its shares up 3 percent before the bell.
July 31- MasterCard Inc reported a higher-than-expected 21 percent rise in quarterly profit as more people used cards to make payments. The world's second-largest payment network's net income rose to $848 million, or $6.96 per share, in the second quarter, from $700 million, or $5.55 per share, a year earlier.
GDP data Wednesday is expected to show a slow-moving, zombie-like economy, as the Fed meets for a second day.
*Scores of shops open illegally each Sunday in Paris. PARIS, July 30- Every Sunday in Paris, crowds of tourists clamber up the hill of Montmartre towards the whitewashed Sacre-Coeur Basilica, pausing by the clothing and gift stores that dot its cobbled streets.
If you're looking for a slow summer day, you won't find it this week.
Visa reported earnings and revenue that beat market expectations. Shares rose.
BRUSSELS, July 24- Banks will have to limit the fees they charge on card payments under proposals from the European Commission on Wednesday that would also scrap surcharges on shoppers for paying with plastic.
TORONTO, July 23- Canada's Competition Tribunal has dismissed a complaint about the rules imposed on merchants by the Canadian arms of MasterCard Inc and Visa Inc, a victory not only for the card companies but for the banks that issue the cards.
TORONTO, July 23- Canada's Competition Tribunal has dismissed a complaint against credit card issuers that had alleged the rules they impose on merchants who accept their cards are too restrictive and anti-competitive.
Some of the names on the move ahead of the open.