Credit card giants lose court bid
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A ruling that Visa and Mastercard had violated anti-trust law has been upheld by the US Supreme Court. The case stemmed from a 1998 Justice Department lawsuit challenging the credit card issuers&#39; regulations.
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A US federal court threw out a 1.25 billion-dollar racketeering suit against British media mogul Conrad Black and other former directors of Hollinger International.
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American Express Co.  on Monday sued credit card associations Visa and MasterCard and eight banks for damages from what it called anti-competitive practices that prevented 20,000 U.S. banks from using its credit card products.
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American Express said it was suing Visa USA and MasterCard International, along with eight banks, for damages stemming from anti-competitive practices that prevented American Express from issuing cards through U.S. banks. Its suit follows one by Discover Financial Services that also alleges anti-competitive behavior by the nation's two biggest credit associations. The U.S. Supreme Court cleared the way for both actions on Oct. 4, when it let stand a lower court's ruling requiring Visa and MasterCard to allow their member banks to issue competing cards in an antitrust case brought by the Justice Department.
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NEW YORK : The US Supreme Court upheld a ruling that the Visa and MasterCard credit card groups had engaged in anti-competitive practices by banning member banks from issuing credit cards through rival providers owned by American Express and Morgan Stanley
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Banks are accused of seizing on a court victory to urge customers to drop claims for repayment of charges.
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A New York state judge dismissed most of a lawsuit accusing H&R Block of charging excessive fees on individual retirement accounts.
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The former New York Stock Exchange chairman lost his bid to have the lawsuit over his controversial $187.5 million pay package moved from the New York court where it was filed by state Attorney General Eliot Spitzer.
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The nation's largest local phone companies won a Supreme Court victory Monday in a lawsuit by consumers alleging anticompetitive business practices.
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A federal judge has ruled that Visa  USA, the largest U.S. credit card group, must stop charging a  special fee when a big debit card client jumps to rival  MasterCard Inc. .
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Walgreen Co. WAG.N, the largest U.S.  drugstore chain, on Wednesday said it will no longer accept  American Express' roughly 36 million credit cards because of  their high service fees that merchants have to pay.
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NEW YORK - The US Supreme Court struck a blow for the free market and consumer choice. The Justices today denied an appeal by Visa and MasterCard that prevented most US financial institutions from doing business with competing networks such as Discover.
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MasterCard International Inc. and Visa USA Inc. no longer can block banks from issuing credit cards from competitors after the Supreme Court declined to hear their appeal yesterday.
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In one of its first orders of business as it reconvened on Oct. 4, the Supreme Court opted not to hear the appeal of Visa USA and MasterCard International of the government&#39;s antitrust lawsuit against them.
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US student loan firm Sallie Mae drops its lawsuit against a consortium that walked away from taking it over.
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The Supreme Court let stand on Monday a ruling that the Visa and MasterCard credit card networks violated federal antitrust law by barring their member banks from issuing credit and charge cards on the rival networks of American
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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.