Visa, Mastercard can likely handle settlement much bigger than $30 billion, judge says – Yahoo Finance
Jonathan Stempel NEW YORK (Reuters) – A federal judge said Visa and MasterCard would likely be able to survive a “significantly higher” settlement than the $30 billion settlement rejected this week with retailers who claim they overpaid fees for card transactions. U.S. District Judge Margo Brody in Brooklyn offered her assessment in an 88-page opinion […]
NFL ordered to pay $4.7 billion in ‘Sunday Ticket’ antitrust lawsuit
After just two days of deliberations, the jury in the NFL “Sunday Ticket” trial found the NFL had violated antitrust laws. By making “Sunday Ticket” available only on DirecTV and monopolizing the price, the jury found the league must pay about $4.7 billion to fans and an additional $96 million to bars that used the […]
MTA approves Gov. Hochul’s plan to pause NYC congestion toll, pulling $16.5 billion from agency’s budget
The Metropolitan Transportation Authority voted Wednesday to support New York State Gov. Kathy Hockle’s (D) plan to indefinitely suspend congestion pricing in Manhattan. New York Post report. Earlier this month, Horckle slammed on the brakes. He argued that the MTA’s congestion pricing plan would place an “undue burden” on already stressed New Yorkers. “That would […]
Justice Department Charges Nearly 200 People in $2.7 Billion Health Care Fraud Schemes Crackdown – VINNews
FILE – Attorney General Merrick Garland speaks at the Department of Justice, Aug. 11, 2023, in Washington. The Justice Department has charged nearly 200 people with false claims totaling more than $2.7 billion as part of a sweeping crackdown on health care fraud schemes across the country. Garland announced charges Thursday, June 27, 2024, against […]
Volkswagen Rescues EV Failure Rivian with $5 Billion Investment
Volkswagen and Rivian announced a joint venture that will bring Rivian’s EV software expertise to Volkswagen’s product lineup. The $5 billion deal is a lifeline for Rivian, which has faced major financial difficulties this year. Electrek Reports The VW-Rivian partnership marks a major step in the industry’s transition to EVs: VW has committed an initial […]
Judge rejects $30 billion Visa, Mastercard swipe-fee settlement – The Washington Post
A federal judge on Tuesday rejected a $30 billion settlement proposal that would have capped the fees Visa and MasterCard charge merchants for credit and debit card purchases. The decision jeopardizes an agreement reached in March aimed at ending two decades of litigation over the card-swipe fees that card companies charge retailers for each customer […]
Federal judge rejects $30 billion settlement between Visa, Mastercard and retailers – CNN
Mark Lenihan/AP FILE – MasterCard and Visa credit card logos are displayed at the entrance of a coffee shop in New York, April 22, 2005. (AP Photo/Mark Lennihan, File) new york CNN — The federal judge overseeing a tentative $30 billion card-swipe fee settlement between MasterCard, Visa and retailers formally rejected the settlement on Tuesday. […]
Portland Area Spent over Half a Billion on the Homeless
Addressing homelessness in the Portland, Oregon, area will reportedly cost a lot of money in 2023, with most of the funding going to temporary shelter, services and housing arrangements. According to an analysis by ECOnorthwest, “local governments and nonprofits” in Multnomah, Washington and Clackamas counties spent $531 million on homelessness, Fox News reported. report On […]
Over $42 billion and 3 years later, Biden’s rural high-speed internet plan hasn’t connected a single home
President Joe Biden has a penchant for making grandiose promises that he can’t deliver on. For example, ahead of the 2020 election, then-candidate Biden promised He told Americans in four debates and a CNN town hall interview that if elected, he would build 500,000 new charging stations across the country. Biden reiterated the promise after […]
Sony Buys Queen Music Catalog for $1 Billion
Sony Music has acquired British rock band Queen’s music catalogue, which includes hits such as Bohemian Rhapsody, Radio Ga Ga and Another One Bites the Dust, for a reported $1.27 billion. This news was first reported by hitAccording to the outlet, the only income outside of the contract will come from live performances, which will […]