In a sign that consumer spending may be on the rebound, Visa on Wednesday reported its fiscal fourth-quarter profit jumped 51% from a year ago. But shares fell after the company released disappointing guidance for the next year…
Visa said Wednesday it’s boosting its dividend for the second year in a row. Shareholders will now get 60 cents per share annually, up from 50 cents per share. The news comes in advance of Visa’s fiscal fourth-quarter earnings …
The retail recovery may be slowly getting on track, with major store chains expected to show a mild uptick when they report September sales numbers. Investors will be watching closely for signs of what to expect for the holiday…
The Justice Department filed an antitrust lawsuit against American Express Monday, alleging that the financial institution has been engaging in anticompetitive practices. Justice also said it reached a proposed settlement with …
Visa (V) and MasterCard (MA) are close to settling an antitrust case with the Justice Department over credit-card acceptance rules, The Wall Street Journal reported.
The settlement could allow merchants to steer customers towards cheaper forms of pay…