NEW YORK | By The Corner Team | Alcoa, Hewlett-Packard and Bank of America have been shown the door from Dow Industrials. Goldman Sachs, Nike and Visa are replacing them. It’s the first “three-for-three” change to the blue-chip index in almost a decade.
MADRID | By Irene Matías | The world’s largest payment networks asked a federal judge in the U.S. District Court in Manhattan to rule that their practices for setting fees paid by merchants who accept credit and debit cards aren’t anticompetitive. Large retailers such as Wal-Mart Stores, Starbucks and Gap refuse any settlement and may bring additional lawsuits against the payment networks. But on top of all of this the real loser are the consumers.