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Column: Litigation funder's lawsuit exposes underside of mega class actions

UPDATE 1-Column: Litigation funder's lawsuit exposes underside of mega class actions Updates with comment from Certificate Clearing Corp By Alison Frankel Oct 24 (Reuters) - I write all the time about class actions and multidistrict litigation. Class action complaints, dismissal motions, expert testimony, class certification, fee awards–they're all issues I've covered.
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Alert from law firm tagged to Visa Inc withdrawn

ADVISORY-Alert from law firm tagged to Visa Inc withdrawn An alert tagged to Visa Inc V.N has been withdrawn as it was inadvertently filed off a press release from a law firm. There will be no substitute. STORY_NUMBER:nTUA8MBFH8 STORY_DATE:24/10/2024 STORY_TIME:09:41:28 PM GMT
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Column: Litigation funder's lawsuit exposes underside of mega class actions

Column: Litigation funder's lawsuit exposes underside of mega class actions The opinions expressed here are those of the author, a columnist for Reuters. By Alison Frankel Oct 24 (Reuters) - I write all the time about class actions and multidistrict litigation. Class action complaints, dismissal motions, expert testimony, class certification, fee awards–they're all issues I've covered.
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Rate cuts to accelerate US banks' move to higher-yielding investments

ANALYSIS-Rate cuts to accelerate US banks' move to higher-yielding investments Banks shift funds to higher-yielding investments to improve returns Wells Fargo, KeyCorp, and others sell low-rate securities for higher yields Declining rates reduce banks' unrealized losses, improving liquidity By Saeed Azhar Oct 24 (Reuters) - Rate cuts and easing bond yields are spurring some U.S.
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Worldline Partners With Visa Acceptance Solutions On Data-Driven Fraud Management Solution

BRIEF-Worldline Partners With Visa Acceptance Solutions On Data-Driven Fraud Management Solution Oct 24 (Reuters) - Worldline WLN.PA PARTNERS WITH VISA ACCEPTANCE SOLUTIONS TO DELIVER DATA-DRIVEN FRAUD MANAGEMENT SOLUTION Source textL https://shorturl.at/mZ4SR Further company coverage: WLN.PA (Gdansk Newsroom)
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Alert from law firm on Visa investors withdrawn

ADVISORY-Alert from law firm on Visa investors withdrawn Oct 21 (Reuters) - An alert from a law firm on Visa investors was published inadvertently and has been withdrawn. There will be no substitute. STORY_NUMBER: TUAB3GPLJ STORY_DATE: 22/10/2024 STORY_TIME:[02:20:47]
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Alert from law firm on Visa withdrawn

ADVISORY-Alert from law firm on Visa withdrawn Oct 18 (Reuters) - An alert from a law firm regarding Visa investors was inadvertently published and has been withdrawn. There will be no substitute. STORY_NUMBER: TUA6MWF0P STORY_DATE: 18/10/2024 STORY_TIME:[11:58:48]
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AmEx profit beats as expense discipline offsets spending slowdown

UPDATE 5-AmEx profit beats as expense discipline offsets spending slowdown AmEx raises 2024 profit forecast Credit remains 'very strong', CFO says Stock drops about 5% Adds investor comment in paragraph 6, embeds charts By Niket Nishant and Pritam Biswas Oct 18 (Reuters) - American Express AXP.N reported third-quarter profit above Wall Street estimates on Friday, benefiting from disciplined expense management that helped cushion a blow from s ofter spending.
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Italy - Factors to watch on October 18

Italy - Factors to watch on October 18 The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Bank of Italy releases August data on foreign investors holdings of Italian government bonds.
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Visa And Analytic Partners Announce Multi-Year Deal To Transform Commercial Analytics For Merchants And Brands

BRIEF-Visa And Analytic Partners Announce Multi-Year Deal To Transform Commercial Analytics For Merchants And Brands Oct 16 (Reuters) - Visa Inc V.N : VISA AND ANALYTIC PARTNERS ANNOUNCE MULTI-YEAR DEAL TO TRANSFORM COMMERCIAL ANALYTICS FOR MERCHANTS AND BRANDS VISA INC - PARTNERSHIP INITIALLY FOCUSED ON U.S. WITH GLOBAL EXPANSION PLANNED Source te
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Australia plans to reduce bank card surcharges from 2026

embargoed-Australia plans to reduce bank card surcharges from 2026 SYDNEY, Oct 14 (Reuters) - Australia is planning to reduce bank card surcharges, including the elimination of transaction fees on debit cards, the government said on Monday, as the use of cash declines in the country. In a media release, the government said the central bank was undertaking a review of the merchant card payment costs and surcharging, and subject to that consultation, it is prepared to ban debit card surcharging fr
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U.S. Affirm Holdings, Aptargroup, Caterpillar

U.S. RESEARCH ROUNDUP-Affirm Holdings, Aptargroup, Caterpillar Oct 14 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Affirm Holdings, Aptargroup and Caterpillar, on Monday. HIGHLIGHTS * Affirm Holdings Inc AFRM.O : Wedbush raises to neutral from underperform * Aptargroup Inc ATR.N : Jefferies raises to buy from hold * Caterpillar Inc CAT.N : Morgan Stanley cuts to underweight from equal-weight * Sentinelone Inc S.N :
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Visa Says Announced New Conversion Rates Applicable To Company's Class B-1 And B-2 Common Stock

BRIEF-Visa Says Announced New Conversion Rates Applicable To Company's Class B-1 And B-2 Common Stock Oct 11 (Reuters) - Visa Inc V.N : VISA INC - ANNOUNCED NEW CONVERSION RATES APPLICABLE TO COMPANY'S CLASS B-1 AND B-2 COMMON STOCK VISA INC - CONVERSION RATE APPLICABLE TO COMPANY'S CLASS B-1 COMMON STOCK DECREASED FROM 1.5875 TO 1.5653 VISA INC -
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Almawave Unit Signs Deal With Payment Company Visa

BRIEF-Almawave Unit Signs Deal With Payment Company Visa Oct 10 (Reuters) - Almawave SpA AIW.MI : UNIT SIGNS DEAL WITH PAYMENT COMPANY VISA Further company coverage: AIW.MI (Gdansk Newsroom)
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South African Markets - Factors to watch on Oct 9

South African Markets - Factors to watch on Oct 9 JOHANNESBURG, Oct 9 (Reuters) - The following equity and currency market moves may affect South African markets on Wednesday. SOUTH AFRICAN MARKETS The South African rand weakened on Tuesday, and is likely to take direction from U.S. inflation data and minutes from the Federal Reserve's September meeting due this week.
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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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