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MasterCard to Pay Amex $1.8B

Antitrust settlement will help Amex defray losses as economy continues to drag

By Jim O'Neill,  Newser User

Posted Jun 25, 2008 8:51 AM CDT

(Newser) – MasterCard will pay American Express $1.8 billion in 12 quarterly installments, settling a lawsuit that claimed it had blocked banks from offering American Express cards to customers, the Wall Street Journal reports. American Express said the antitrust settlement would "help to lessen the...   Read full story »

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