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Stock Market & Financial Investment News

News Breaks
February 26, 2013
05:31 EDTVIP, MAMasterCard, VimpelCom partner to offer mobile payment solutions
At Mobile World Congress, MasterCard (MA) and VimpelCom (VIP) announced a strategic partnership combining MasterCard's mobile payments technology and solutions with VimpelCom's telecommunications services. The partnership will provide payment solutions to a new generation of customers, both banked and underserved, to VimpelCom's 212M customers in 18 countries. While key markets have been identified for the roll out of mobile money services, a prepaid program in Italy for Wind Italy's customers, in partnership with CartaLIS. Italy will be the first program to launch in 2013. Further country and market deployments will leverage the full range of both companies' complementary solution suites. MasterCard and VimpelCom will bring secure and flexible solutions that answer consumers and merchants' payment needs wherever they are in the world.
News For MA;VIP From The Last 14 Days
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March 1, 2015
16:37 EDTMASamsung Pay will enable MasterCard
Samsung Electronics (SSNLF) has unveiled Samsung Pay, a mobile payment service that will enable MasterCard (MA) cardholders to use their Samsung Galaxy S6 for everyday in-store purchases. The company added, "MasterCard built the foundation for secure digital transactions, so consumers can use their cards when, where and how they want. Samsung Pay delivers a seamless and secure mobile payment experience that will work at both contactless-enabled and most traditional point of sale terminals. For consumers and merchants alike, that means that every purchase made with a MasterCard using a Samsung Galaxy S6 will offer the enhanced security, benefits and guarantees of a digital MasterCard transaction including the latest tokenization technology. Owners of the new device will be able to use their MasterCard credit and debit cards from participating banks directly through Samsung Pay."
February 27, 2015
15:29 EDTMAMasterCard recommends rejection of 'mini-tender' offer from TRC Capital
MasterCard announced that it has been notified of an unsolicited "mini-tender" offer dated February 25, 2015, made by TRC Capital, a private Canadian investment company, to purchase up to 1.5M shares of MasterCard's common stock, less than one fifth of 1% of the outstanding shares of common stock. TRC Capital's unsolicited "mini-tender" offer price of $88.50 per share is approximately 4.5% below the $92.67 per share closing price of MasterCard's common stock on February 25, the last trading day prior to the commencement of the offer. MasterCard is not affiliated in any way with TRC Capital, the offer, or the offer documentation. MasterCard recommends against shareholders tendering shares in response to this unsolicited offer.
February 26, 2015
06:46 EDTMADeutsche sees American Express as undervalued, upgrades to Buy
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February 25, 2015
06:46 EDTVIPVimpelCom wins Ukraine 3G license
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05:19 EDTVIPVimpelCom reports Q4 mobile customer base up 2% to 221.6M
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05:19 EDTVIPVimpelCom sees FY15 EPS 35c-40c, consensus 50c
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05:19 EDTVIPVimpelCom reports Q4 basic EPS (53c), compared to ($2.21)
Reports Q4 revenue $4.39B, compared to $5.55B a year ago. Reports Q4 service revenue $4.21B, compared to $5.29B.
February 24, 2015
07:25 EDTMARW Baird to hold a conference
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06:39 EDTMAVisa Europe announces 'tokenisation service'
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February 19, 2015
12:45 EDTMAOn The Fly: Midday Wrap
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12:09 EDTMAAmerican Express confirms intent to appeal federal court ruling
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11:00 EDTMAAmerican Express plans to appeal antitrust ruling, CNBC reports
American Express stated to CNBC that the company is "disappointed" with a court decision in an antitrust matter and plans to file an appeal. "The court's ruling will not provide any benefit to consumers and will, in fact, harm competition by further entrenching the two dominant networks. We continue to believe that the Department of Justice's arguments are flawed and believe we should prevail on appeal," American Express stated. Reference Link

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