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American Express Wins In Appeals Court

American Express Wins In Appeals Court

A federal appeals court has ruled that American Express (NYSE:AXP) can block merchants that accept its cards from steering customers toward lower-cost cards from other issuers. The provisions in American Express’ merchant agreements... 
Wells Fargo Scandal Shines Harsh Spotlight On Bank Practices

Wells Fargo Scandal Shines Harsh Spotlight On Bank Practices

Wells Fargo & Co. (NYSE:WFC) is finding its policies under a harsh spotlight after the bank found itself entangled in a scandal over the opening of fraudulent accounts by its employees. A federal regulator and the Los Angeles... 
Tech Giants Join Microsoft In Fight Against DOJ

Tech Giants Join Microsoft In Fight Against DOJ

Microsoft (NASDAQ:MSFT) has lots of allies in its fight against government intrusion. Tech giants Apple, Amazon, and Google have announced their support for Microsoft in its legal fight with the U.S. Department of Justice. News organizations... 
7,000 Wal-Mart Employees To Lose Jobs

7,000 Wal-Mart Employees To Lose Jobs

Wal-Mart Stores Inc. (NYSE:WMT) has announced plans to eliminate nearly 7,000 employment positions across its companies over the next several months. The job cuts will affect thousands of back-office positions around the country, including...