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October 13, 2008 5:04:02 AM CDT

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Stories related to: Visa

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8 Stories

  • June 2008

    • MasterCard to Pay Amex $1.8B

      Wall Street Journal  |  Jun 25, 08 8:51 AM CDT

      MasterCard to Pay Amex $1.8B

      (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 impact of this weakening economic cycle." Amex also sued Visa, which settled for $2.25 billion in November. More »

      Tags

      settlement  • American Express  • MasterCard  • Visa  • antitrust suit

  • May 2008

    • Stocks Rise on Healthy Data

      Wall Street Journal  |  May 29, 08 3:33 PM CDT

      Stocks Rise on Healthy Data

      (Newser) - The markets saw gains today as good economic data and a rally amid financial shares gave evidence that the nation may be moving past the current slump, the Wall Street Journal reports. The Dow gained 52.19 points to close at 12,646.22, the Nasdaq gained 21.62 to 2,508.32, and the S&P 500 rose 7.41 to 1,398.23. More »

      Tags

      Dow Jones  • S&P 500  • Nasdaq  • Bank of America  • Wells Fargo  • MasterCard  • Visa

  • March 2008

    • Interest Soars Sky-High in Visa's $18B IPO

      San Francisco Chronicle  |  Mar 19, 08 8:43 AM CDT

      Interest Soars Sky-High in Visa's $18B IPO

      (Newser) - Visa pulled in almost $18 billion in its initial public offering yesterday, the San Francisco Chronicle reports. The credit card company's IPO was the biggest by far in US history and the second biggest ever. The $44-per-share price investors paid was $2 higher than the company's highest estimate, and the price is expected to rise steeply when the shares hit the New York Stock Exchange this morning. More »

      Tags

      stock market  • credit crisis  • IPO  • credit card  • New York Stock Exchange  • Visa

    • Supermarket Breach Exposes 4M Credit Cards

      Boston Globe  |  Mar 18, 08 9:20 AM CDT

      Supermarket Breach Exposes 4M Credit Cards

      (Newser) - A data security breach at Hannaford, an East Coast supermarket chain, has exposed the credit card information of 4.2 million customers and resulted in 1,800 cases of fraud so far, the Boston Globe reports. The breach, which went undetected for three months, is one of the largest ever, the AP notes. Hannaford, which also runs Sweetbay supermarkets, says no names or personal information got out, just account numbers of credit and debit cards. More »

      Tags

      fraud  • identity theft  • credit card  • computer security  • data theft  • MasterCard  • supermarket  • Visa

  • February 2008

    • Visa Plans $17B IPO in Risky Market

      Wall Street Journal  |  Feb 25, 08 8:55 AM CST

      Visa Plans $17B IPO in Risky Market

      (Newser) - Visa is hoping to surpass rival MasterCard’s 2006 stock market debut with a $17 billion IPO that would be the largest in Wall Street history. The company today said it hopes to sell some 406 million shares for $37 to $42 each, reports the Wall Street Journal. The biggest previous IPO was AT&T Wireless Group’s $10.62 billion offering in 2000. More »

      Tags

      SEC  • IPO  • New York Stock Exchange  • shares  • MasterCard  • Visa  • AT&T Wireless

  • November 2007

    • Visa Heads for Biggest IPO in US in Years

      Wall Street Journal  |  Nov 10, 07 12:18 PM CST

      Visa Heads for Biggest IPO in US in Years

      (Newser) - Visa is moving ahead on a massive initial public stock offering expected early next year. Papers filed yesterday show that shares could be valued at $10 billion, which would make it the second-largest public offering in US history, the Wall Street Journal reports. The biggest is the $10.62 billion IPO by AT&T Wireless in 2000. More »

      Tags

      stock market  • San Francisco  • IPO  • credit card  • shares  • MasterCard  • Visa

    • Visa Settles $2.25B AmEx Suit

      Associated Press  |  Nov 8, 07 8:28 AM CST

      Visa Settles $2.25B AmEx Suit

      (Newser) - In what could be the largest settlement ever to resolve an antitrust lawsuit, Visa has agreed to pay American Express up to $2.25 billion for blocking member banks from offering rival credit cards, the AP reports. The deal helps clear the way for Visa’s IPO, expected early in 2008. MasterCard, also named in the suit, has refused to settle. More »

      Tags

      lawsuit  • civil lawsuits  • American Express  • MasterCard  • Visa

  • October 2007

    • TJX Data Breach Exposed 94M Credit Cards

      Associated Press  |  Oct 24, 07 7:15 PM CDT

      TJX Data Breach Exposed 94M Credit Cards

      (Newser) - Cyber thieves have pinched 94 million credit cards from a discount retailer—double the last estimate—and spent up to $83 million as far as Hong Kong and Sweden, the AP reports. Banks are now suing the retailer, TJX Cos., to recover their losses. But those losses keep growing: "You know, these [card numbers] are going to be sold off for a period of time in the future, so it's going to continue," says a Visa exec. More »

      Tags

      hackers  • Hong Kong  • credit card  • Sweden  • MasterCard  • Visa  • TJX

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