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MasterCard Inc

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  • 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...

  • Every January, Dubai is decked out in lights, banners and roadside ornaments heralding the event. Dubai, one of seven federal states in the United Arab Emirates, has far smaller oil reserves than the capital Abu Dhabi, and its economy relies heavily on retail, tourism and international trade. Russian travel operators in Dubai reported a sharp drop in the number of...

  • HAVANA, Jan 23- A senior U.S. diplomat in Cuba for negotiations with Havana on restoring long-frozen diplomatic relations met a group of dissidents on Friday, seeking to underline Washington's concern over human rights but irritating the island's communist government. But Havana has stressed that efforts to normalize ties should not be accompanied by...

  • Jan 23- MasterCard Inc said it would allow its cards issued in the United States to be used in Cuba, effective March 1. MasterCard was removing the block following guidance from the U.S. Department of Treasury's Office of Foreign Assets Control, the company said in a post on its website. MasterCard shares were trading flat at $84.49 in afternoon trading on Friday on...

  • Assistant Secretary of State Roberta Jacobson met some of Cuba's dissidents on Friday to emphasize the importance the United States places on human right in talks with Cuba on restoring diplomatic ties. The meeting ruffled Cuba, which has stressed that efforts to normalize ties should not be accompanied by meddling in its internal affairs.

  • Jan 23- MasterCard Inc said it would remove a block on transactions made in Cuba using its cards issued in the United States, effective March 1. The United States announced sweeping new rules this month that will significantly ease sanctions on Cuba, opening up the communist-ruled island to expanded U.S. travel, trade and financial activities.

  • Jan 22- British mobile banking software maker Monitise Plc has put itself up for sale, blaming changes in its business model for its third revenue warning in a year. Monitise, which switched to a subscription model from one based on licences last year, said it had hired Moelis& Co to conduct an "all encompassing" strategic review that included "corporate...

  • WASHINGTON, Jan 20- The U.S. Supreme Court on Tuesday declined to hear a challenge to controversial debit card "swipe fee" rules, dealing a blow to retailers, grocers and restaurant owners who argued the charges were unfairly high. The high court's refusal to hear the case keeps intact a March 2014 ruling by the U.S. Court of Appeals for the District of Columbia...

  • WASHINGTON, Jan 20- The U.S. Supreme Court on Tuesday declined to take up a challenge by retailers to the Federal Reserve's controversial rules for debit card "swipe fees." At the instruction of Congress, the Fed in 2011 limited the fees to 21 cents per transaction. The National Retail Federation, whose members include Wal-Mart and JCPenney, the National Restaurant...

  • WASHINGTON, Jan 20- The U.S. Supreme Court on Tuesday declined to take up a challenge by retailers to the Federal Reserve's controversial rules for debit card "swipe fees." At the instruction of Congress, the Fed in 2011 limited the fees to 21 cents per transaction. The National Retail Federation, whose members include Wal-Mart and JCPenney, the National Restaurant...

  • Lightning Round: Wait on this rocket ship stock Tuesday, 13 Jan 2015 | 7:43 PM ET
    Mad Money Lightning Round

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

  • MOSCOW, Jan 12- International credit and debit card company MasterCard has agreed to transfer card processing inside Russia to the local state-owned system, Russia's Central Bank said on Monday. The agreement between MasterCard and the central bank-controlled National System Of Payment Cards was reached on Dec. 30, the bank said. MasterCard and competitor...

  • *Sweden, other Nordics, lead shift to cashless society. Helped by wide use of computers even among the elderly, broad trust in the state and big business and only small black economies, people in Sweden and neighbouring countries are fast embracing cards, the Internet and apps for financial transactions, and forsaking notes and coins. Sweden, home of music...

  • Jan 6- Department store operator J.C. Penney Co Inc said same-store sales for November-December rose 3.7 percent, offering a glimpse of what is expected to be the best holiday season for retailers since 2011.. Shares of J.C. Penney, which showed signs of a rebound this year after a failed attempt to move upmarket, jumped 20 percent in extended trading.

  • Halftime trader going global with these US stocks Monday, 5 Jan 2015 | 11:00 AM ET
    A woman walks past a Westpac bank advertisement in central Sydney, Australia.

    Stephanie Link of CNBC's "Halftime Report" sees U.S. stocks with strong international exposure as having the most value.

  • Dec 26- U.S. retail sales rose 5.5 percent from the day after Thanksgiving through Christmas Eve as solid demand for women's apparel, jewelry and casual dining offset surprisingly sluggish sales of electronics, MasterCard said in its holiday spending report. The report, which tracks spending by combining sales activity in MasterCard's payments network with...

  • Dec 26- Consumers spent actively on lodging and restaurants during the holiday season, while sales of electronics were flat, reflecting an ongoing shift toward spending on "experiences" rather than goods, MasterCard said in a holiday spending report. MasterCard said the growth was in line with its forecast for the holiday season and underscored the impact of an...

  • Dec 26- Consumers spent actively on lodging and restaurants during the holiday season, while sales of electronics turned negative, reflecting an ongoing shift towards spending on "experiences" rather than goods, MasterCard said in a holiday spending report. Sarah Quinlan, senior vice president at MasterCard Advisors, told Reuters in an interview that casual...

  • Credit cards getting more secure: MasterCard exec. Monday, 22 Dec 2014 | 1:47 PM ET
    Chris McWilton, MasterCard’s president of North America

    MasterCard's North American president says microchips will be embedded in about half the credit cards in 2015 to protect against fraud.

  • Midday Movers: Carnival, Chevron, Netflix & more Wednesday, 17 Dec 2014 | 12:59 PM ET
    Wall Street subway station NYSE

    Some of Wednesday's midday movers: