American Express sues card companies
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Travel- and financial-services giant American Express Co. sued Visa and MasterCard yesterday as well as eight banks for damages stemming from anti-competitive practices that prevented American Express from issuing cards through US banks.
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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 networks of American Express Co.  and Morgan Stanley. .
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Globe Direct, the direct mail unit of Boston Globe Media, yesterday filed suit against a Wilmington printing firm and six former Globe Direct employees, alleging they misappropriated trade secrets and confidential information to steal some of Globe Direct's business.
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American Express Co. AXP.N 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&#39; restructuring charge includes approximately US$80 million to $90 million in employee severance and approximately $20 million to $30 million in other costs mostly related to the early end of leases.
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New York Attorney General Eliot Spitzer sued insurance giants Marsh &amp; McLennan, American International Group and several others Thursday, alleging policy brokers have been taking payoffs from insurance companies to steer corporate clients their way rather
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Walgreen Co. (WAG.N: Quote, Profile, Research) , the largest US drugstore chain, on Wednesday said it will no longer accept American Express&#39; roughly 36 million credit cards because of
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Minnesota&#39;s attorney general yesterday sued two subsidiaries of Capital One Financial Corp., contending that their &quot;No Hassle&quot; credit card ads were false, deceptive and misleading because
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Credit card company American Express   said on Thursday that a slowdown in cardholder spending  and rising delinquencies would lead to a pre-tax charge of  around $440 million for the fourth quarter.
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A lawsuit is filed on behalf of bummed-out New York customers.
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Citigroup  is replacing thousands of Visa-branded American Airlines credit cards with new account numbers and cards that carry the American Express logo, the Wall Street Journal reported on its Web site on Thursday.
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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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WASHINGTON/NEW YORK  - The Supreme Court on Monday  let stand a ruling that the Visa and MasterCard credit card  associations violated U.S. antitrust law by barring member  banks from issuing credit and charge cards on rival networks  owned by American Express Co. and Morgan Stanley.
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New York Attorney General Eliot  Spitzer is launching a suit against several prominent  participants in the insurance industry, including AIG and  broker Marsh & McLennan Cos. MMC.N, charging they engaged in  market manipulation, Spitzer's office said.
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Minnesota's attorney general has sued credit card issuer Capital One Financial Corp. , accusing the big U.S. credit card issuer of falsely advertising low rates and defrauding consumers.
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Mastercard's sponsorship of the football World Cup is brought into question after a US court ruling.
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American Express yesterday said it was seeking &quot;billions of dollars&quot; in damages from Visa and MasterCard over alleged &quot;illegal and anticompetitive practices&quot;.