NEW YORK - A U.S. federal judge on Friday approved an estimated $5.7 billion class action settlement between merchants and Visa Inc and MasterCard Inc over credit card fees despite objections from thousands of retailers who complained it was inadequate.
Recent Business News
- The surprise departure of a potential Coca-Cola Co chief executive has put the global chief customer officer in contention to eventually succeed CEO Muhtar Kent.
LONDON - Royal Bank of Scotland said it and its former bosses might have made bad business decisions in the past but that did not mean they misled investors or acted illegally, as the bank defended itself against a 4 billion pound (US$6.5 billion) lawsuit from shareholders.
BOLOGNA, Italy - Raoul Weil, an ex-UBS banker charged by U.S. authorities for allegedly helping Americans dodge taxes via secret Swiss bank accounts, was being extradited on Friday to the United States from Italy to face a trial likely to reignite debate on tax fraud.
CHARLESTON, South Carolina - Boeing Co has obtained a $1-a-year lease for another large tract of state land near its factory in South Carolina that will nearly double the amount expected for a planned expansion, a spokeswoman for the plane maker said on Friday.
The government has started using manual work-arounds for the various software errors that plague HealthCare.gov, as enrollment starts to increase.