Credit card giants lose court bid
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A ruling that Visa and Mastercard had violated antitrust law is upheld  by the US Supreme Court.
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American Express is suing credit card giants Visa and Mastercard, accusing them of anti-competitive practices.
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The U.S. Supreme Court rejected an appeal by commercial telemarketers opposed to the popular program, in which consumers can put their names on a list if they do not want to be called.
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The Supreme Court on Monday let  stand a ruling that the Visa and MasterCard credit card  associations violated federal antitrust law by barring their  member banks from issuing credit and charge cards on the rival  American Express and Discover Card networks.
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American Express (AXP ) wasted no time in capitalizing on a recent government case that successfully found card-association giants Visa USA and MasterCard International guilty of antitrust violations.
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EchoStar Communications lost a bid for a new trial in a patent-infringement lawsuit over digital video recorders that it lost to TiVo.
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Customers of several popular online retailers, including Fandango.com, Priceline.com , and Staples.com, were victims of an alleged Internet scheme in which their credit cards were charged a monthly fee for a ``discount club" membership they had never requested, according to a class action lawsuit filed yesterday in US District Court in Massachusetts.
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American Express Co. on Monday sued Visa, MasterCard and eight banks for allegedly blocking the sale of its credit cards through US banks.
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The Supreme Court rejected an appeal by Bernard J. Ebbers, the former WorldCom chief executive, who was convicted of orchestrating an $11 billion accounting fraud.
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SANTA MONICA, Calif., Sept. 22 /U.S. Newswire/ -- A California Court of Appeal yesterday overruled a lower court decision that had blocked a consumer rights organization from proceeding with a lawsuit against cell phone giant Nextel for unfair billing practices.
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Credit cards issuers may face penalty from the regulators as credit cards solicitation is not as reliable as they are said. Consumers sometimes are not given the whole information about the possibly imposed
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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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The trade body representing the vast majority of Britain&#39;s casinos on Monday lost its High Court challenge over government plans to shake-up the country&#39;s gambling industry.
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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 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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American Express Co. has filed suit against Visa, MasterCard and eight major banks alleging anti-competitive practices. Banks named in the suit include Bank of America, US Bancorp, JP Morgan Chase, Capital
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The Supreme Court yesterday cleared the way for banks to begin issuing credit cards bearing logos such as American Express and Discover while continuing to offer Visas and MasterCards.