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MasterCard Inc

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  • AmEx hit with latest blow over merchant rules Thursday, 19 Feb 2015 | 12:45 PM ET
    American Express, Visa and Mastercard signage are displayed in a shop window in New York.

    The credit card company's rules for merchants violate antitrust laws, a US judged ruled Thursday.

  • NEW YORK, Feb 19- American Express Co violated U.S. antitrust law by imposing rules that barred merchants from steering customers to use credit cards that have lower processing costs, a federal judge ruled on Thursday. The decision is the second major setback for American Express this month, following its loss on Feb. 12 of a lucrative co-branding relationship...

  • Traders are betting on quick bounce from this Dow stock Wednesday, 18 Feb 2015 | 11:19 AM ET

    Despite the sell-off in American Express, some options traders are betting on a quick rally this week.

  • Feb 17- British mobile-banking software maker Monitise Plc said it was in constructive discussions after putting itself up for sale last month, sending its shares up more that 11 percent. Monitise said in January that it had received "a number of expressions of interest" as part of an "all encompassing" strategic review, including "corporate transactions and...

  • Feb 17- Monitise Plc, a British mobile-banking software maker, said first-half group EBITDA loss widened, hurt by its switch last year to a subscription model from one based on licences. Monitise, which put itself up for sale last month, said interest, taxes, depreciation, and amortisation loss widened to 30.8 million pounds for the six months ended Dec. 31, from 10.2...

  • Uncle Sam to accept Apple Pay Friday, 13 Feb 2015 | 2:25 PM ET
    Tim Cook

    The U.S. government will begin accepting Apple Pay later this year, said Apple CEO Tim Cook.

  • These tech CEOs skipped Obama's big cyber summit Friday, 13 Feb 2015 | 1:19 PM ET
    Facebook CEO Mark Zuckerberg and Yahoo CEO Marissa Mayer

    Some big tech names were missing from President Obama's cybersecurity event on Friday.

  • On Wednesday, American Express Co said it would stop offering a co-branded credit card with Costco when its contract with the retailer ends in March 2016. These products are big business for companies such as American Express- nearly a third of the company's purchase volume is on co-branded cards. The official noted that banks that issue Visa or Mastercard...

  • Halftime traders pile into this group Tuesday, 10 Feb 2015 | 1:08 PM ET
    Morgan Stanley headquarters in New York City.

    A flurry of trades by the Halftime Report players revealed a new favorite sector.

  • UPDATE 2-Netflix launches in Cuba Monday, 9 Feb 2015 | 12:24 PM ET

    Feb 9- Netflix Inc launched its movie and TV streaming service in Cuba on Monday, joining the list of U.S. companies looking to take advantage of thawing diplomatic relations between the United States and the communist-ruled island country. MasterCard Inc has said it will allow its cards issued in the United States to be used in Cuba, effective March 1.

  • UPDATE 1-Netflix launches in Cuba Monday, 9 Feb 2015 | 12:07 PM ET

    Feb 9- Netflix Inc launched its movie and TV streaming service in Cuba on Monday, joining the list of U.S. companies looking to take advantage of thawing diplomatic relations between the United States and the communist-ruled island country. MasterCard Inc has said it will allow its cards issued in the United States to be used in Cuba, effective March 1.

  • Apple Pay institution count rises to 60 Tuesday, 3 Feb 2015 | 2:56 PM ET
    A worker demonstrates Apple Pay inside a mobile kiosk sponsored by Visa and Wells Fargo to demonstrate the new Apple Pay mobile payment system on October 20, 2014 in San Francisco City.

    Apple Pay has added another 15 banks and credit unions to its existing spectrum of 45 institutions, bringing the count to 60.

  • Prices jump on GDP growth wobble Friday, 30 Jan 2015 | 2:00 PM ET

    Yields on longer-dated U.S. Treasurys sank after a key reading on the U.S. economy showed growth slowed more than expected in the fourth-quarter.

  • Midday movers: Shake Shake, Apple, MasterCard & more Friday, 30 Jan 2015 | 12:52 PM ET
    Wall Street New York Stock Exchange NYSE American Flags

    Some of Friday's midday movers:

  • MasterCard profit beats as customers spend more Friday, 30 Jan 2015 | 10:26 AM ET
    Mastercard

    MasterCard reported a better-than-expected profit for the holiday shopping quarter as customers swiped their cards more often.

  • Jan 30- MasterCard Inc, the world's No. 2 debit and credit card company, reported a better-than-expected profit for the holiday shopping quarter as customers swiped their cards more often. U.S. retail sales rose 5.5 percent from the day after Thanksgiving through Christmas Eve as demand for women's apparel, jewelry and casual dining offset sluggish sales of...

  • US stock-index futures ease sharp losses after GDP Friday, 30 Jan 2015 | 8:31 AM ET
    Traders on the floor of the New York Stock Exchange.

    U.S. stock index futures signaled a lower open on Friday, ahead of the first estimate of how much the U.S. economy grew in the final quarter.

  • MasterCard's quarterly profit rises 29 pct Friday, 30 Jan 2015 | 8:09 AM ET

    Jan 30- MasterCard Inc, the world's second-largest debit and credit card company, posted a 29 percent rise in quarterly profit as customers swiped their cards more often. The company's net income rose to $801 million, or 69 cents per share, in the fourth quarter ended Dec. 31 from $623 million, or 52 cents per share, a year earlier. Net revenue rose 14 percent to $2.42...

  • Visa Europe profits jump as consumers switch from cash Thursday, 29 Jan 2015 | 3:44 AM ET

    LONDON, Jan 29- More than 1.5 trillion euros was spent on Visa cards in Europe last year, an annual increase of nine percent as more consumers switch from cash payments. Visa Europe is based in Britain and is owned and operated by member banks and other payment service providers from 37 countries. It said there were 37 billion transactions on its cards last year from...

  • American Express plans to start operations in Cuba Tuesday, 27 Jan 2015 | 3:17 PM ET

    Jan 27- American Express Co said it would launch operations in Cuba following President Barack Obama's decision this month to ease sanctions against the communist-ruled island. MasterCard Inc said last week it would allow its cards issued in the United States to be used in Cuba from March 1 as Washington eases restrictions on travel, trade and financial...