Visa and MasterCard are in talks with Fidelity to replace AmEx, Bloomberg cited the sources as saying.» Read More
NEW YORK, Aug 4- A U.S. judge on Tuesday rejected a proposed class action settlement between American Express Co and merchants who sued the company over swipe fees, ruling that a lawyer for the merchants compromised the fairness of the agreement. District Judge Nicholas Garaufis in Brooklyn, New York, ruled that lawyer Gary Friedman acted improperly by talking...
U.S. stocks closed lower as investors weighed mostly lackluster economic data and a renewed decline in oil, amid overseas news.
U.S. stocks closed lower on the final day of trade for July, as investors digested energy earnings misses and soft data that could delay liftoff.
Many Americans are getting more high-tech, safer credit cards, but the change could spell disaster for small businesses.
Dozens of retailers are seeking to void nearly $6 billion of U.S. antitrust settlements with Visa, MasterCard, and American Express.
NEW YORK, July 29- Dozens of retailers are seeking to void nearly $6 billion of U.S. antitrust settlements with Visa Inc, MasterCard Inc and American Express Co after learning that opposing lawyers exchanged confidential information, potentially tainting the accords. A group of retailers filed papers that remain under seal in the Brooklyn, New York federal...
July 29- MasterCard Inc, the operator of the world's second largest payment network, reported lower-than-expected quarterly revenue as it offered more rebates and incentives to win deals. MasterCard's shares, however, rose 2 percent in afternoon trading, reversing course, after some analysts said the company's underlying fundamentals were strong.
July 29- MasterCard Inc, the operator of the world's second largest payment network, reported lower-than-expected quarterly revenue as it offered more rebates and incentives to win deals. MasterCard was also hurt by a strong dollar as markets outside the United States account for nearly 60 percent of its purchase volumes. Mastercard usually pays higher...
July 29- Credit and debit card issuer MasterCard Inc reported lower-than-expected quarterly revenue as the company offered more rebates and incentives to win new and renewed deals. Shares of MasterCard, which operates the world's second largest payment network, fell about 3 percent in premarket trading on Wednesday. MasterCard charges companies using its...
Despite reporting robust second-quarter earnings last week, the value of Apple shares quickly plunged and have struggled to regain momentum.
Emails between lawyers threaten a $6 billion settlement.
A friendship between two lawyers could derail a $6 billion settlement involving Visa, MasterCard and merchants, a report says.
Mobile payments firm Square has confidentially filed for an initial public offering, according to one report.
U.S. stocks closed about 1 percent lower, despite surprisingly strong Amazon earnings, as signs of slower global growth weighed on sentiment.
CNBC Pro highlights the top performing stocks this week and analyzes whether the good times will continue.
FIFA sponsor Visa called Thursday for an independent commission to be formed to clean up world soccer's scandal-ridden governing body.
Some of the names on the move ahead of the open.
July 23- Credit and debit card issuer Visa Inc said it was in talks to reunite with former subsidiary Visa Europe Ltd in a deal that would give the global company more scale to compete with arch-rival MasterCard Inc.. Visa Inc and Visa Europe, a cooperative of European banks with over 500 million cards, were part of a global bank-owned network until 2007. Most of the...
Stocks could get a boost Friday from Amazon's strong earnings report, which comes as some key companies are clearly stumbling over the already lowered bar for earnings.
The "Fast Money" traders give their 'final grades' to the companies reporting earnings after the market close.