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Deutsche Bank Discusses Credit Card Settlement (V, MA)
Tuesday, October 5, 2010 - 7:24am | 171Deutsche Bank is out with a research report discussing the credit card settlement yesterday, which affected Visa (NYSE: V) and Mastercard (NYSE: MA). It has Buy ratings on both companies, and a $99 and $275 price target, respectively. In the research note, Deutsche Bank notes, "We did not expect...
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A Bad Day For American Express (AXP)
Monday, October 4, 2010 - 5:02pm | 102Shares of American Express (AXP) are down nearly 7% today. Investors have dumped the shares due to fears of a fine from the federal government. The U.S. government has been investigating the business practices of Visa (V), MasterCard (MA), and American Express. Visa and MasterCard have reached...
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Do You Think Visa and MasterCard Are Your Friends?
Monday, October 4, 2010 - 4:37pm | 746Do you think that Visa (V), MasterCard (MA), American Express (AXP) are your friends? If so, you should read on. Those two processing companies may make shopping more convenient but they are also costing you more money. The Justice Department reached a settlement with Visa and MasterCard today....
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Do You Think Visa and MasterCard Are Your Friends?
Monday, October 4, 2010 - 4:37pm | 725Do you think that Visa (V), MasterCard (MA), American Express (AXP) are your friends? If so, you should read on. Those two processing companies may make shopping more convenient but they are also costing you more money. The Justice Department reached a settlement with Visa and MasterCard today....
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Zings Of The Day
Monday, October 4, 2010 - 4:07pm | 186Verizon Wireless (NYSE: VZ) has agreed to pay $90 million in refunds to customers who were unfairly charged for data plans, when in fact, they did not have them. There was no mention if there would be a refund of the past two years from those awful "Can you hear me now?" commercials which are the...
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John Harris Joins StarTek's Board
Monday, October 4, 2010 - 2:26pm | 112On October 1, 2010, the board of directors of StarTek (NYSE: SRT) appointed John R. Harris as a new member of the board of directors of the company. Harris will serve on the compensation and audit committees of the board. Harris served as president and CEO of eTelecare Global Solutions, Inc. from...
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MasterCard and The U.S. Department of Justice Reach Agreement
Monday, October 4, 2010 - 2:15pm | 127MasterCard Incorporated (NYSE: MA) today announced that MasterCard has entered into a Consent Decree with the Department of Justice (DOJ). The terms of the settlement are consistent with the Company's long standing business practices and will require MasterCard only to modify its rules to more...
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Visa Settles with U.S. Department of Justice
Monday, October 4, 2010 - 2:04pm | 149Visa Inc. (NYSE: V) announced today a settlement agreement with the U.S. Department of Justice (DOJ) and the attorneys general of seven states to resolve antitrust investigations into the company's merchant acceptance rules in the U.S. As part of the settlement, Visa will allow U.S. merchants to...
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Credit Card Companies Settle Lawsuit
Monday, October 4, 2010 - 12:31pm | 139Mastercard (NYSE: MA) and Visa (NYSE: V) announced they will settle the antitrust lawsuit against the companies, filed by the U.S. government, according to Bloomberg. Shares of Mastercard are well off the lows of the session, down only 0.5%, and Visa is actually positive, after having been down...
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Visa to Settle Antitrust Lawsuit (V)
Monday, October 4, 2010 - 12:24pm | 22Visa (NYSE: V) will settle the antitrust lawsuit with the U.S., Bloomberg reports.
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Mastercard to Settle Antitrust Lawsuit (MA)
Monday, October 4, 2010 - 12:19pm | 17Mastercard (NYSE: MA) will settle antitrust lawsuit, Bloomberg reports.
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Visa, Mastercard, and American Express Named in US Antitrust Lawsuit.
Monday, October 4, 2010 - 11:57am | 44Bloomberg reported that American Express (NYSE: AXP), Mastercard (NYSE: MA), and Visa (NYSE: V) are named in US antitrust lawsuit.
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Western Union August Banco De Mexico Transfer Volume Improved
Monday, October 4, 2010 - 11:37am | 119Western Union Company (NYSE: WU) August Banco De Mexico money transfer volume improved significantly with volume up 9% from the prior year. In an article J.P.Morgan writes, "August electronic transactions were up 4.5% y/y (vs. 0.5% in July '10). Average transaction amount increased to $322 in...
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Visa, MasterCard Near Antitrust Settlement
Monday, October 4, 2010 - 11:11am | 110Visa Inc (NYSE: V) and MasterCard Inc (NYSE: MA) are close to settling a Justice Department antitrust probe over credit card acceptance rules, the Wall Street Journal reported on Sunday, citing people familiar with the negotiations. The settlement, which could potentially give merchants more...
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Western Union August Banco De Mexico Transfer Volume Improved
Monday, October 4, 2010 - 10:52am | 116Western Union Company (NYSE: WU) August Banco De Mexico money transfer volume improved significantly with volume up 9% from the prior year. In an article J.P.Morgan writes, "August electronic transactions were up 4.5% y/y (vs. 0.5% in July '10). Average transaction amount increased to $322 in...