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MasterCard Incorporated

6/20/2013, 12:27 AM ET

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Wednesday, June 19, 8:40 AM MasterCard (MA) and Western Union (WU) will partner on a new international payments service geared toward small and medium-sized businesses. The service will feature a dedicated online foreign payments portal to help facilitate cross-border trade. Comment! [Consumer]
Thursday, June 13, 5:47 PM Visa (V) is suing Wal-Mart (WMT) to stop the retail giant from seeking more damages, rather than accept a $7.25B settlement Visa and MasterCard (MA) agreed to for card interchange fees. Wal-Mart was one of 19 retailers that said last month it would opt out of the settlement, arguing it would "allow credit card companies and big banks to perpetuate an unfair and broken system that costs all consumers." 10 Comments [Consumer, Financials]
Friday, June 7, 3:48 AM More on NSA tracking: the agency reportedly monitors call data from AT&T (T) and Sprint (S), as well as from Verizon (VZ) (as reported yesterday). Together, the service providers have 314.6M wirelesss and landline accounts. The NSA's operations also encompass purchase information from unnamed credit-card providers. 17 Comments [Tech, Consumer, Top Stories]
Wednesday, June 5, 6:47 AM The EU General Court will hear an appeal by MasterCard (MA) on July 4 over a ruling that the company's cross-border card fees are in violation of antitrust rules. A final ruling by Europe's top court could influence the future of card payments on the continent. 1 Comment [Consumer]
Wednesday, May 29, 6:05 AM Federal prosecutors have indicted the operators of a Costa Rica-based digital currency exchange called Liberty Reserve (LR) for facilitating the laundering of over $6B in illicit cash. LR users were able to transfer money using Western Union (WU), MoneyGram (MGI), Visa (V), MasterCard (MA), American Express (AXP), and CitiBank (C). Given the crackdown on compliance policies at banks such as HSBC, questions now might be asked whether those companies have any culpability. 5 Comments [Financials, Top Stories]
Tuesday, May 28, 9:32 AM Mastercard's (MA +0.9%) price target is upped to a Street-high $790/share from $613 by Evercore's David Togut as he sees 2015 earnings coming in well ahead of consensus thanks to an improving U.S. economy. 1 Comment
Sunday, May 26, 3:16 AM Visa (V) and MasterCard (MA) have sued trade groups and retailers that have rejected a $7.25B agreement over credit-card swipe charges, with the firms looking to prevent the defendants from seeking antitrust damages for the fees. The lawsuit on Friday came a day after 17 retailers, including Target (TGT) and Macy's (M), sued Visa and Mastercard over the charges. 4 Comments [Consumer, Financials]
Thursday, May 23, 3:24 PM A group of major retailers (TGT, M, TJX, KSS) file a new lawsuit against Visa (V -1%) and MasterCard (MA -1.2%) over the interchange fees the payment companies charge as a sweeping $7.25B negotiated settlement on the issue appears in danger of crumbling. 6 Comments [Consumer]
Tuesday, May 21, 2:59 PM Battle back on: 19 retailers say they will opt out of a $7.25B settlement with Visa (V +0.2%) and MasterCard (MA +0.7%) over interchange fees and will consider additional legal action against the companies. The highly-anticipated move from the heavyweight retailers (WMT, GPS, COST, NKE) comes about a week before a court deadline in the case. 1 Comment [Consumer]
Saturday, May 4, 3:52 PM Barron's is out with its list of the 500 financially strongest companies as ranked after a rigorous cash and sales analysis. A quick filter on the list shows a good chunk of the names trade with a single-digit price to earnings ratio including Goodyear Tire & Rubber (GT). Despite all the buzz about booming auto sales in the U.S. and China, concerns about growth for Goodyear's products in other regions of the globe have lowered expectations. But with auto sale estimates for full-year being taken higher, Goodyear could see enough consistent revenue growth to justify a higher trading multiple. (Top 25: AAPL, WCC, WDC, DVA, CHRW, QCOM, JOY, V, STX, MRC, MA, CVI, COF, SYMC, MCK, WCG, ETN, BRCM, TMO, CI, CBI, NOV, WNR, HFC, DK) 39 Comments [Consumer, Quick Ideas]
Wednesday, May 1, 8:23 AM More on MasterCard's (MA) Q1: The company saw double-digit increases in transactions processed and gross dollar volume but slipped a little with more rebates and incentives during the period. Total operating expenses increased 6% Y/Y to $799M on higher personnel expenses but margins improved. MA -1.7% premarket. (PR) Comment! [Consumer, Earnings]
Wednesday, May 1, 8:04 AM MasterCard (MA): Q1 EPS of $6.23 beats by $0.06. Revenue of $1.9B misses by $0.03B. (PR) Comment! [Earnings, Breaking News]
Wednesday, May 1, 12:05 AM Notable earnings before Wednesday’ s open: AB, ADT, AFAM, AFSI, AGN, AH, AMT, ARW, AVA, CCJ, CHK, CLH, CLX, CMCSA, CVH, CVS, DLPH, DVN, ENR, EXAS, EXC,GRMN, GWR, H, HSP, HUM, ICE, IPGP, IQNT, IRM, JRCC, KCG, KFN, MA, MKL, MRK, NVO, PDCE, PKD, POR, PSX, RDC, RDN, SEE, SPW, TLM, TWX, VG, VIAB, VPHM Comment! [Earnings]
Tuesday, April 30, 5:30 PM Notable earnings before Wednesday’ s open: AB, ADT, AFAM, AFSI, AGN, AH, AMT, ARW, AVA, CCJ, CHK, CLH, CLX, CMCSA, CVH, CVS, DLPH, DVN, ENR, EXAS, EXC,GRMN, GWR, H, HSP, HUM, ICE, IPGP, IQNT, IRM, JRCC, KCG, KFN, MA, MKL, MRK, NVO, PDCE, PKD, POR, PSX, RDC, RDN, SEE, SPW, TLM, TWX, VG, VIAB, VPHM Comment! [Earnings]
Friday, April 12, 7:14 AM Sterne Agee downgrades several payments companies and removes their price targets with competition in the sector increasing. Fiserv (FISV), MasterCard (MA), Visa (V), and Euronet Worldwide (EEFT) are all taken down to a Neutral rating from their previous perch of Buy. 1 Comment [Consumer, Financials]
Tuesday, April 9, 7:58 AM MasterCard (MA) says it will cooperate with the European Commission as it probes the company over inter-bank fees and contends it "always" looks for fair sharing of card costs. Comment! [Consumer]

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