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Visa hit with merchant class action after US Justice Dept antitrust lawsuit

Visa hit with merchant class action after US Justice Dept antitrust lawsuit By Mike Scarcella Oct 2 (Reuters) - Visa V.N is facing a new lawsuit from U.S. merchants over its payments network, adding legal pressure on the payment card giant after the U.S. Justice Department filed a major antitrust lawsuit against it last week. Advertising and marketing company All Wrapped Up Signs and Graphix filed the proposed class action on Tuesday in federal court in Manhattan, marking the first private antit
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U.S. stocks weekly: Streaking in September

RPT-BUZZ-U.S. stocks weekly: Streaking in September Repeats from Friday with no changes to text. Updates chart ** S&P 500 .SPX extends winning streak to three weeks, adds 0.6% amid tame inflation data and China stimulus boost .N ** SPX on pace for monthly gain, take that September! ** Dow .DJI and Nasdaq .IXIC also up three consecutive weeks, though the latter still lined up at the velvet rope ** This as benchmark Treasury yield perks up , but can't hold 3-week highs after PCE ** Most sectors fl
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U.S. stocks weekly: Streaking in September

BUZZ-U.S. stocks weekly: Streaking in September ** S&P 500 .SPX extends winning streak to three weeks, adds 0.6% amid tame inflation data and China stimulus boost .N ** SPX on pace for monthly gain, take that September! ** Dow .DJI and Nasdaq .IXIC also up three consecutive weeks, though the latter still lined up at the velvet rope ** This as benchmark Treasury yield perks up , but can't hold 3-week highs after PCE ** Most sectors fleet of foot: Materials sprint to front of the pack, while Energ
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Citigroup, TPG, Aeffe, Chevron, Anglo American, China Evergrande; Updates Visa Sept 26 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 1930 GMT on Thursday: * * Citigroup C.N and Apollo Global APO.N have partnered for a $25 billion private credit and direct lending program, illustrating a growing alliance between banks and non-banks looking for a slice of the lucrative $2 trillion market.
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Visa up after unveiling driven acquisition

BUZZ-Visa up after unveiling AI-driven acquisition ** Visa Inc V.N shares rose 0.9% in afternoon trade on Thursday, after the company agreed to buy AI-driven payments protection firm Featurespace ** Deal aims to bolster Visa's financial crime and fraud detection portfolio amid rising sophisticated financial crimes ** Acquisition value not disclosed, but Sky News pegged it at £700 mln ($935.06 mln) ** Featurespace's AI solutions to help Visa clients manage fraud in real time; Visa prevented 80 m
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Visa, Validus Energy Updates: LG Display Sept 26 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 1330 GMT on Thursday: ** Visa V.N has agreed to buy Featurespace, a developer of real-time artificial intelligence payments protection technology, the payments firm said.
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Visa bolsters financial crime prevention portfolio with Featurespace deal

UPDATE 2-Visa bolsters financial crime prevention portfolio with Featurespace deal Adds details and context throughout, shareholder proceeds in paragraph 4 and analyst comment in paragraphs 7-8 By Manya Saini Sept 26 (Reuters) - Visa V.N agreed to buy AI-driven payments protection firm Featurespace on Thursday, marking the payments giant's latest effort to strengthen its financial crime and fraud detection product portfolio.
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Chrysalis Investment Says Visa To Acquire Featurespace For Undisclosed Sum

BRIEF-Chrysalis Investment Says Visa To Acquire Featurespace For Undisclosed Sum Sept 26 (Reuters) - Chrysalis Investments Ltd CHRY.L : DISPOSAL AND PORTFOLIO UPDATE VISA TO ACQUIRE FEATURESPACE FOR UNDISCLOSED SUM EXPECTS CASH PROCEEDS OF APPROXIMATELY £89 MILLION TO COMMENCE SHARE BUYBACK Source text for Eikon: ID:nRSZ8579Fa Further company cove
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IP Group To Get £134M Cash From Featurespace Sale To Visa

BRIEF-IP Group To Get £134M Cash From Featurespace Sale To Visa Sept 26 (Reuters) - IP Group PLC IPO.L : IP GROUP PLC - VISA TO ACQUIRE PORTFOLIO COMPANY FEATURESPACE IP GROUP PLC - TO RECEIVE £134M CASH FROM FEATURESPACE SALE IP GROUP PLC - TRANSACTION TO INCREASE IP GROUP'S FY23 NAV BY £51M Source text for Eikon: ID:nRSZ8581Fa Further company
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Payments giant Visa agrees to buy focused enterprise tech firm Featurespace

Payments giant Visa agrees to buy AI-focused enterprise tech firm Featurespace Sept 26 (Reuters) - Visa V.N has agreed to buy Featurespace, a developer of real-time artificial intelligence payments protection technology, the payments firm said on Thursday. Reporting by Manya Saini in Bengaluru; Editing by Janane Venkatraman
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Visa taps hardened D.C. duo to battle US monopoly lawsuit

Visa taps hardened D.C. duo to battle US monopoly lawsuit By Mike Scarcella Sept 25 (Reuters) - Visa V.N has hired a pair of prominent Washington, D.C., antitrust lawyers to help it fight the U.S. Justice Department's new lawsuit accusing the payments giant of monopolizing debit card markets. Visa’s defense lawyers include longtime trial lawyer Beth Wilkinson of the litigation firm Wilkinson Stekloff, and Jonathan Gleklen, who leads the antitrust group at 1,000-lawyer Arnold & Porter Kaye Scho
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Biden meets Vietnam leader to counter Hanoi's ties with China and Russia

UPDATE 4-Biden meets Vietnam leader to counter Hanoi's ties with China and Russia Lam hails Biden's 'historic contribution' to elevating ties Biden highlights semiconductors, supply chains, cybersecurity Biden says they're united on freedom of navigation, rule of law Adds Vietnam president's comments in paragraphs 6 and 7 By Steve Holland and Simon Lewis NEW YORK, Sept 25 (Reuters) - U.S.
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US holiday spending on buy now, pay later to hit record due to debt-laden shoppers

CORRECTED-UPDATE 1-US holiday spending on buy now, pay later to hit record due to debt-laden shoppers Corrects paragraph 10 to clarify 10% of BNPL purchases also includes other forms of payment outside of debit cards and corrects paragraph to say Shopify's BNPL is called Shop Pay Installments By Arriana McLymore NEW YORK, Sept 25 (Reuters) - U.S. shoppers are expected to spend a record $18.5 billion using third-party buy now, pay later (BNPL ) services for holiday purchases in the last quarter o
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US holiday spending on buy now, pay later to hit record due to debt-laden shoppers

US holiday spending on buy now, pay later to hit record due to debt-laden shoppers By Arriana McLymore NEW YORK, Sept 25 (Reuters) - U.S. shoppers are expected to spend a record $18.5 billion using third-party buy now, pay later services for holiday purchases in the last quarter of the year, according to projections by data firm Adobe Analytics released on Wednesday.
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Biden to meet Vietnam leader on UN assembly sidelines

Biden to meet Vietnam leader on UN assembly sidelines By Steve Holland and Simon Lewis NEW YORK, Sept 25 (Reuters) - President Joe Biden will hold talks with Vietnam's president and ruling Communist Party chief To Lam on Wednesday as the U.S. leader closes out his final appearance at a United Nations General Assembly in New York. The meeting, on the sidelines of the annual gathering of world leaders, is part of Biden's push to deepen relations with the strategic Southeast Asian country and manuf
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Vietnam's Lam meets US corporations, Meta seeks 'stronger presence'

UPDATE 1-Vietnam's Lam meets US corporations, Meta seeks 'stronger presence' Vietnam's top leader visits US for first time as president He is set to meet Biden later on Wednesday Meta pledges to up investments, Lam meets Apple, to meet Google Updates with Meta comments in paragraphs 6-10 By Phuong Nguyen and Francesco Guarascio Sept 25 (Reuters) - Vietnam's President To Lam pledged to boost the domestic tech economy, as he met top U.S.
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Wall Street Journal - Sept 25

PRESS DIGEST - Wall Street Journal - Sept 25 Sept 25 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Smartsheet SMAR.N has agreed to be taken private by Blackstone BX.N and Vista Equity Partners in an all-cash transaction valued at about $8.4 billion.
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New York Times business news - Sept 25

PRESS DIGEST- New York Times business news - Sept 25 Sept 25 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - The Justice Department filed an antitrust lawsuit against Visa V.N on Tuesday, accusing the financial giant of unfairly stifling competition in debit cards, the latest in a string of cases aimed at deterring monopolistic behavior by big companies.
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Vietnam's leader Lam meets US corporations, pledges to boost tech economy

Vietnam's leader Lam meets US corporations, pledges to boost tech economy Sept 25 (Reuters) - Vietnam's President To Lam pledged to expand the country's semiconductors and AI industry in meetings with top U.S. corporations in New York, as the Communist-ruled nation seeks more investment from tech firms and other American companies. In his first visit to the United States as Vietnam's president, Lam is scheduled to meet with U.S.
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S&P 500, Dow close at new highs as mining stocks rise on China stimulus boost

US STOCKS-S&P 500, Dow close at new highs as mining stocks rise on China stimulus boost Mining stocks rise on China's stimulus package Visa falls as DOJ files lawsuit for alleged antitrust violations U.S.-listed Chinese firms jump after domestic stimulus plan Indexes up: Dow 0.20%; S&P 500 0.25%; Nasdaq 0.56% Recasts with new highs, adds market details after close By Echo Wang Sept 24 (Reuters) - The S&P 500 and Dow ended at record highs on Tuesday, shrugging off weak consumer confidence data, a
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