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Stock Market & Financial Investment News

News Breaks
June 23, 2014
09:02 EDTMCK, AXPMcKesson names Lori Schechter as EVP, Chief Compliance Officer
McKesson Corporation (MCK) announced Lori A. Schechter has been appointed executive vice president, general counsel and chief compliance officer, replacing Laureen E. Seeger, who will leave McKesson at the end of June to become the executive vice president and general counsel of American Express Company (AXP). Effective immediately, Schechter will be responsible for overseeing McKesson’s general counsel organization, which consists of the Law, Public Affairs, Compliance and Corporate Secretarial functions for McKesson and its subsidiaries. Schechter will also join McKesson’s executive committee.
News For MCK;AXP From The Last 14 Days
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September 15, 2014
12:03 EDTAXPAmerican Express reports August write-off rate 1.5% vs. 1.5% last month
Reports August 30 days past due loans 0.9% vs. 0.9% last month.
September 14, 2014
12:15 EDTAXPAmerican Express could rise almost 30%, Barron's says
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September 12, 2014
06:35 EDTAXPApple getting discounted card fees for Apple Pay, NY Times reports
Banks are charging Apple lower than usual credit card fees for the tech giant's new mobile payment system, according to The New York Times. The banks hope that participating in Apple Pay will enable them to process transactions that aren't currently being paid for with credit cards, the newspaper explained. The banks and credit card networks also hope to use Apple Pay to prevent technologies that don't incorporate banks from becoming popular, The Times reported. Publicly traded credit card networks include American Express (AXP), Capital One (COF), Discover (DFS), MasterCard (MA) and Visa (V). Publicly traded banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC)..Reference Link
September 10, 2014
08:14 EDTAXPVisa best positioned among card networks for Apple Pay, says Pacific Crest
Pacific Crest believes that Visa (V) is the best positioned to benefit from Apple Pay among credit card networks, as the firm notes that Visa cards were prominently displayed in the demonstrations, that accompanied the launch of the service. The firm thinks that Visa's technology leaves it well-positioned to play a critical role in fostering mobile payments with Apple and potentially others like Google (GOOGL). Pacific Crest adds that Apple Pay is also positive for MasterCard (MA) and American Express (AXP). It keeps an Outperform rating on Visa and Sector Perform ratings on MasterCard and American Express.
08:02 EDTAXPApple Pay positive for Visa, MasterCard and American Express, says BofA/Merrill
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September 9, 2014
14:54 EDTAXPApple announces Apple Pay
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07:28 EDTAXPThe Money Event, Inc to hold a conference
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September 8, 2014
10:17 EDTAXPAmerican Express President says won't comment on press speculation on Apple
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07:26 EDTMCKMorgan Stanley to hold a conference
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07:24 EDTAXPBarclays to hold a conference
Global Financial Services Conference to be held in New York on September 8-10.
September 5, 2014
07:26 EDTAXPApple strikes transaction fee discount deals, Bank Innovation says
Apple (AAPL) has reached deals with American Express (AXP), JPMorgan (JPM), Citigroup (C), Capital One (COF), and Bank of America (BAC) to lower card transaction fees for its soon to be launched payments venture, said Bank Innovations, citing an earlier report from Tom Noyes and confirmation by its own sources. Apple has both convinced them to consider its transactions as “card present,” which carries a lower discount rate, and has also managed to bump down the actual “card present” rate by 15 to 25 basis points, according to people with knowledge of the matter, the report noted. Reference Link

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