Mastercard faces fines in Europe
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Mastercard must drop fees it charges for cross-border transactions or face daily fines of 3.5 percent of daily global turnover, European Union regulators said Tuesday.
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American Express has sued credit card associations Visa and MasterCard and eight banks for damages from what it called anti-competitive practices that prevented 20,000 US banks from using its credit card products.
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The European Commission warned Microsoft  on Thursday it faced further fines in its long-running antitrust battle with Brussels, this time for seeking unreasonable prices from software makers for vital data.
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Credit card company MasterCard drew a rebuke at a closed European Commission antitrust hearing last week after claiming incorrectly that Britain had dropped an investigation into its fees, people who were present said.
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European Union regulators fined  Microsoft  280.5 million euros (&#36;357.3 million) on  Wednesday for defying a 2004 antitrust ruling, and warned the  company to comply or face bigger fines from next month.
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NEW YORK: American Express Company, the travel and financial services giant, said yesterday it was suing Visa and MasterCard over anti-competitive business practices.
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French regulators fined Vivendi Universal (EAUG.PA: Quote, Profile, Research) and its former CEO Jean-Marie Messier one million euros each on Tuesday for
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Europeans are paying high prices to send cell-phone text messages or use mobile Internet services outside their own country, the EU's telecoms chief said Thursday, just months after the EU capped roaming charges for calls.
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PARIS - France&#39;s stock market regulator on Tuesday fined Jean-Marie Messier euro1 million (US$1.35 million) for misleading financial information issued by Vivendi Universal SA when he was its chairman and CEO, Messier&#39;s lawyer said.
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Visa, MasterCard and eight banks have been sued by American Express for âanti-competitive practicesâ that led to damages as around 20,000 US banks were not able to use AE credit card products.
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Microsoft Corp. is expected to be hit  with a fine of between 200 million and 300 million euros on  Wednesday for failing to carry out antitrust sanctions imposed  by the European Commission, sources familiar with the situation  said.
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Apple will soon announce steps to  resolve European Commission charges that its iTunes stores  broke EU rules by setting prices country by country in Europe,  people familiar with the situation said on Tuesday.
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The EU imposes a record 992m euro fine on four lift and escalator firms it found operated a price-fixing cartel.
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American Express yesterday sued Visa and MasterCard as well as eight banks for allegedly blocking the sale of its credit cards through US banks.
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American Express said Monday that it had filed suit against Visa International and MasterCard International for imposing rules, later overturned by the courts, that barred tens of thousands of banks from issuing its credit card.
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American Express yesterday said it was seeking &quot;billions of dollars&quot; in damages from Visa and MasterCard over alleged &quot;illegal and anticompetitive practices&quot;.
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The European Commission warns that Microsoft could face further fines for failing to comply with anti-trust rulings.