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Mastercard, Visa Rally on Statement

Mastercard, Visa rally on statement:

Mastercard, which had been trading as low as $219, rallied to $224 on this statement:

"MasterCard has reached a settlement with the DOJ on the complaint that was filed earlier today. The terms of the settlement will be announced later today."

The two firms had been the subject of an antitrust probe over rules that would allow merchants to steer customers to less expensive forms of plastic, which would reduce costs to merchants and potentially hurt profits of MA and Visa .

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