Visa makes $2.1bn Amex settlement
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American Express will receive a payment of about $2.1bn from Visa after it sued the credit card giant.
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SUNNYVALE, Calif.âProxim Corp. said it has agreed to pay Symbol Technologies Inc. $22.75 million over the next two and half years in a settlement of its patent dispute with the company.
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A federal judge in New York has approved a $2.6 billion settlement of a class-action lawsuit on behalf of more than 170,000 WorldCom investors who claimed they were defrauded by Citigroup.
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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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Janus Capital Group Inc. said Wednesday it has finalized a &#36;226.2 million settlement with state and federal regulators over improper trading allegations, part of a scandal sweeping the &#36;7 trillion mutual funds industry.
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AXA Advisors, the United States brokerage unit of AXA of France, agreed to pay a $1.2 million fine and reimburse 1,800 clients after offering them fee-based accounts that did not fit their needs.
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American International Group Inc.  AIG.N agreed to pay $126 million and appoint an independent  monitor to settle allegations it helped two companies  fraudulently inflate earnings, U.S. authorities said on  Tuesday.
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Wall Street passed a significant milestone on Thursday, as two investment banks agreed to pay a combined $100 million to settle charges that they published overly bullish
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TD Waterhouse Investor Services Inc., a national brokerage firm, will pay $2 million to settle Security Exchange Commision claims it failed to disclosed fees paid to three advisers as a way to get more business.
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American Express, which fought for years for the right to sign deals with United States banks that issue cards on the Visa and MasterCard networks, said late yesterday that it had won
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In lieu of facing a court judgment of possibly more than US$1 billion, Sun Microsystems has agreed to pay $92 million to settle a long-running patent infringement case with Eastman Kodak.
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HOUSTON Wall Street brokerage Lehman Brothers has agreed to pay 222-and-a-half (M) million dollars to settle an Enron-related class-action lawsuit.
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Financial-services giant Citigroup Inc. will pay $250,000 to settle allegations it used misleading sales material on hedge funds, the National Association of Securities Dealers announced Monday.
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Bank of America Corp.  agreed to pay $26 million to settle regulatory charges that it issued false equity research, and let its own traders misuse analyst reports to generate improper profits.
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Fremont Investment Advisors of San Francisco has agreed to pay $2.1 million in restitution and $2 million in civil penalties to end a mutual fund timing case, New York Attorney General Eliot Spitzer announced Thursday.
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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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NEW YORK - American International Group Inc. said Wednesday that it has agreed to pay $126 million to settle federal allegations that the insurance giant helped two customer companies commit accounting fraud.