UPDATE 4-Court&#39;s cards ruling to aid MBNA, American Express
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The Supreme Court on Monday let stand a ruling that the Visa and MasterCard credit card associations violated US antitrust law by barring
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Travel and financial services giant American Express Co. on Monday sued Visa and MasterCard as well as eight banks for damages stemming from anticompetitive practices that prevented American Express from issuing cards through U.S. 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 is suing Visa and MasterCard plus eight US banks, claiming anti-competitive tactics kept it out of the market. The litigation is the latest setback for Visa and MasterCard, which last month
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American Express is suing credit card giants Visa and Mastercard, accusing them of anti-competitive practices.
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WASHINGTON - American Express tells its cardholders, &quot;Don&#39;t leave home without it.&quot; But some businesses wish their customers would do just that.
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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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The Dutch Supreme Court is likely to sway the outcome of an acrimonious takeover battle for ABN AMRO on Friday when it rules on whether the Dutch bank can go forward with the suspended sale of its U.S. unit.
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NEW YORK/WASHINGTON  - The U.S. Supreme Court on  Monday rejected appeals by Visa and MasterCard of a ruling that  the two credit card associations violated antitrust law by  barring banks from issuing credit cards for rival networks.
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The Dutch Supreme Court will issue its ruling on ABN AMRO's  suspended sale of its U.S. unit LaSalle on Friday and the decision could sway an acrimonious takeover battle for the Dutch bank.
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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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The Dutch Supreme Court will issue  its ruling on ABN AMRO&#39;s  suspended sale of U.S.  subsidiary LaSalle on Friday, July 13, at 0800 GMT, the court  said on Tuesday.
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ABB said it was âawareâ of the ruling, but remained confident that a settlement would be reached. âABB is naturally surprised and disappointed at todayâs decision, but remains confident that it can resolve.
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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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SAN FRANCISCO (AFX) -- American Express said Monday that in light of the Supreme Court&#39;s decision against Visa and MasterCard, it will seek partnerships with US banks.
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American Express Co. (AXP.N: Quote, Profile, Research) on Monday sued credit card associations Visa and MasterCard and eight banks for damages from what it called
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With a major trading-fraud case finally settled yesterday, the Boston-based mutual fund operations of Bank of America are at work on a major restructuring over the coming months that will result in a smaller, more coherent lineup of funds, officials said.