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Stock Market & Financial Investment News

News Breaks
November 27, 2012
06:33 EDTV, MA, AXPEU: Card firms' block on WikiLeaks likely didn't violate rules, Reuters reports
The European Commission says that a block on processing donations for WikiLeaks by Visa Europe (V), MasterCard Europe (MA) and American Express (AXP) in December 2010 is unlikely to have violated EU anti-trust rules, Reuters reports. The Commission is expected to look at new information from DataCell, which collects donations for WikiLeaks, before making a final decision. Reference Link
News For V;MA;AXP From The Last 14 Days
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October 1, 2014
11:46 EDTVVantiv names Drury Chief Marketing Officer
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08:05 EDTMAVeriFone says MasterCard acquirer provides mobile POS cababilities in Peru
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September 30, 2014
10:22 EDTAXPeBay advances after announcing PayPal spin off
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10:01 EDTMA, VBank of America begins rollout of chip debit cards
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07:12 EDTAXPAmerican Express names Neal Sample as president, Enterprise Growth
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07:03 EDTAXPeBay says Dan Schulman to lead PayPal
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07:02 EDTAXPeBay says Devin Wenig to become CEO of new eBay company
Devin Wenig, currently president of eBay Marketplaces, will become CEO of the new eBay (EBAY) company. As CEO of eBay, Wenig will lead the eBay Marketplaces and eBay Enterprise businesses. Revenue over the last twelve months1 for these two businesses grew approximately 10% year-over-year to $9.9 billion, with eBay Marketplaces accounting for about $8.7 billion. eBay Marketplaces and eBay Enterprise collectively handled approximately $85 billion of gross merchandise volume and gross merchandise sales, which grew 13 percent year over year. Scott Schenkel, currently the CFO of eBay Marketplaces will become the CFO of the new eBay company. Concurrent with the announcement of the business separation plan, the company also today announced the appointment of Dan Schulman to be President of PayPal, effective immediately, and CEO-designee of the standalone PayPal company following separation. Schulman joins PayPal from American Express (AXP), where he was president of the company’s Enterprise Growth Group. A seasoned leader in multiple industries, Schulman has held senior executive and CEO roles at AT&T, Priceline and Virgin Mobile, prior to joining American Express. Goldman, Sachs & Co. and Allen & Company LLC are serving as financial advisors and Wachtell, Lipton, Rosen and Katz is serving as legal counsel to eBay Inc.
September 29, 2014
11:29 EDTMAMasterCard faces added damages in U.K. card fee lawsuit, Bloomberg says
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07:25 EDTAXPOracle to hold a conference
Open World 2014 to be held in San Francisco on September 28-October 2.
September 25, 2014
08:00 EDTAXPBuy American Express and Bank of America into earnings, says Morgan Stanley
Morgan Stanley says to buy American Express (AXP) and Bank of America (BAC) going into Q3 earnings. The firm expects American Express to report accelerated credit card spending growth and views valuation as compelling and views Bank of America is a play on rising rates and improving expenses.
September 24, 2014
11:19 EDTVVisa creates 2K technologists positions, new India technology center
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September 23, 2014
08:12 EDTMAEconomic Club of Canada to h old a luncheon meeting
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September 22, 2014
07:14 EDTVGSM Association to hold a conference
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September 19, 2014
07:18 EDTMAWeb.com to hold a summit
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September 18, 2014
14:31 EDTMA, AXPCapital One said to bump Amex as Costco Canada card issuer, Bloomberg says
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14:14 EDTMA, AXPCapital One said to replace American Express as Costco Canada card issuer
MasterCard said to be processor for new Costco Canada cards. Reported by Bloomberg.
11:53 EDTAXPCostco to stop accepting Amex cards in Canada on Jan 1, 2015 Globe and Mail says
Costco (COST) said it will not renew its credit card relationship with American Express (AXP) when it expires on December 31 of this year. Therefore, it will not accept Amex cards in Canada beginning January 1, 2015, The Globe and Mail reports. Reference Link
05:31 EDTVVisa to undertake assessment of stake in Monitise
Visa (V) and Monitise entered into an alliance agreement in 2009. At the same time, Visa began investing in Monitise. Given the maturation of Monitise as a company, Visa is considering its options with respect to the investment and has engaged J.P. Morgan Securities (JPM) to assist. Visa will also be lessening its dependence on external mobile development resources. In 2009, in conjunction with its commercial partnership, Visa invested in Monitise as a 14.4% owner of the company in order to provide capital support to a leader in the evolution of the mobile payments sector. Over time, Visa’s holdings have been reduced to its current 5.5% stake in the company. This reduction in ownership and associated influence is consistent with Visa’s investment practice to seed emerging players and, over time, taper that influence as the partner company grows. Under their agreement, Monitise will provide Visa with mobile platform development services through 2016. As both Visa and the payments industry evolve at a rapid pace, Visa intends to continue increasing its investment in its own in-house capabilities and, as a result, reducing its use of external resources.

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