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Stock Market & Financial Investment News

News Breaks
May 19, 2014
09:34 EDTMAMasterCard says U.S. business better now than Q1
Says Europe's transaction numbers are "very attractive" and Europe is looking "okay" in spending. Says the company's Latin American is beginning to stabilize. Says China is clearly slow at the moment in spending. Says rest of Asia is "bouncing along," and that in a broad perspective, the entire company is in a "decent" phase of consumer spending. Says Russian sanctions impact a small portion of domestic revenue in the country. Says U.S. debit hasn't rebounded as much as credit. Says noticed more younger people paying with debit, and banks want more people to use credit. Says commercial credit and consumer credit in U.S. is doing well. Says it is a little higher than what the company say in Q1. Says Nordic countries and Korea are the countries that pay mostly via electronically. Comments made during the JPMorgan Global Technology, Media and Telecom conference
News For MA 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 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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