• Prospect of leftist Mexican president raises US trade concerns

    23 days ago - By Stl Today

    Mexico's corporate sector has made a lot of money from exports to and cheap imports from the U.S. in the 23 years since passage of the North American Free Trade Agreement. President Donald Trump's demand to rewrite NAFTA, Mexico's promise...
    Read more ...

     

  • Supreme Court Defends American Express Business Model In Blow to Retailers

    Supreme Court Defends American Express Business Model In Blow to Retailers

    23 days ago - By Fortune

    American Express' axp practice of barring stores from steering shoppers to using cards with lower swipe fees than its own is legal, the Supreme Court ruled on Monday, handing the retail industry a setback.
    The Justice Department and 12 states had challenged the AmEx policy that blocks retailers from offering discounts or other incentives to use a different charge or credit card, calling it anti-competitive. That approach is one of the key pillars of American Express' business model, predicated on its ability to charge the higher fees because AmEx has the higher income shoppers retailers...
    Read more ...

     

  • Xi has strong words for Trump: 'In our culture, we punch back' - report

    23 days ago - By CNBC

    Chinese President Xi Jinping said last week he will not hesitate to retaliate against the U.S. on trade, The Wall Street Journal reported Monday, citing sources.
    Read more ...

     

  • Bayer sold its Bromacil herbicide business in the U.S. and Canada to A

    23 days ago - By AG Web

    Bayer sold its Bromacil herbicide business in the U.S. and Canada to AMVAC Chemical Corporation, a wholly-owned subsidiary of American Vanguard Corporation. This deal is not related to Bayer's acquisition of Monsanto.
    Read more ...

     

  • Supreme Court Sides With American Express on Merchant Fees

    23 days ago - By NY Times

    In a test of antitrust law, the justices ruled 5 to 4 that the company could use contracts to stop merchants from steering consumers to other cards.
    Read more ...

     

  • Big spenders: S&P 500 stock buybacks set record in 1Q

    23 days ago - By Chron

    NEW YORK - Flush with savings from lower tax bills and profits from a growing economy, big U.S. companies are spending a record amount buying back their own stock.
    Stock repurchases hit $189.1 billion in the first quarter for the S&P 500, according to preliminary results from S&P Dow Jones Indices. That tops the prior record of $171.9 billion set during the summer of 2007, just before the Great Recession struck.
    The robust buying of their own shares continues a yearslong trend where companies have returned more and more cash to their investors through buybacks and dividends.
    S&P 500...
    Read more ...

     

  • Big spenders: S&P 500 stock buybacks set record in 1Q

    23 days ago - By Chron

    NEW YORK - Flush with savings from lower tax bills and profits from a growing economy, big U.S. companies are spending a record amount buying back their own stock.
    Stock repurchases hit $189.1 billion in the first quarter for the S&P 500, according to preliminary results from S&P Dow Jones Indices. That tops the prior record of $171.9 billion set during the summer of 2007, just before the Great Recession struck.
    The robust buying of their own shares continues a yearslong trend where companies have returned more and more cash to their investors through buybacks and dividends.
    S&P 500...
    Read more ...

     

  • U.S. coal miners worry Trump-China trade dispute could hit exports

    23 days ago - By Reuters

    WASHINGTON - U.S. coal mining companies are worried President Donald Trump's intensifying trade dispute with China could hurt their booming export business, one of the ailing sector's most important lifelines, according to industry players.
    Read more ...

     

  • Supreme Court backs Amex in credit card fee case; shares pop

    23 days ago - By CNBC

    The Justice Department originally brought the case against Amex and its larger rivals Mastercard and Visa, arguing merchants had no real bargaining power when it came to using their payment services.
    Read more ...

     

  • U.S. Supreme Court backs American Express in merchant fee dispute

    23 days ago - By Reuters

    WASHINGTON - The U.S. Supreme Court on Monday sided with American Express Co, ruling that the company's policy of forbidding merchants from encouraging customers to use rival credit cards with lower fees does not violate federal antitrust law.
    Read more ...