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Legal Fee Tracker: Lawsuit reveals fight over awards after $5.6 bln 'swipe fees' settlement

UPDATE 1-Legal Fee Tracker: Lawsuit reveals fight over awards after $5.6 bln 'swipe fees' settlement Adds response from MasterCard in paragraph 15 By David Thomas Oct 31 (Reuters) - Private deals between class action law firms to divide up attorney fee awards rarely see the light of day, leaving outsiders to wonder how hundreds of millions of dollars in court-approved fees are allocated each year.
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Mastercard's profit beats estimates on resilient consumer spending

UPDATE 3-Mastercard's profit beats estimates on resilient consumer spending Adds detail on EU investigation in paragraphs 2-4, analyst comment in paragraph 9 By Niket Nishant and Vedant Vinayak Vichare Oct 31 (Reuters) - Payments processor Mastercard MA.N reported a better-than-expected profit for the third quarter on Thursday, as customers encouraged by economic stability ramped up their spending.
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Legal Fee Tracker: Lawsuit reveals fight over awards after $5.6 bln 'swipe fees' settlement

Legal Fee Tracker: Lawsuit reveals fight over awards after $5.6 bln 'swipe fees' settlement By David Thomas Oct 31 (Reuters) - Private deals between class action law firms to divide up attorney fee awards rarely see the light of day, leaving outsiders to wonder how hundreds of millions of dollars in court-approved fees are allocated each year. A new lawsuit between Scott + Scott and Robins Kaplan peels back some of that secrecy in one of the biggest private antitrust cases of the century.
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U.S. Altair Engineering, Brinker International, Meta

U.S. RESEARCH ROUNDUP-Altair Engineering, Brinker International, Meta Oct 31 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Altair Engineering, Brinker International and Meta, on Thursday. HIGHLIGHTS * Altair Engineering Inc ALTR.O : Needham cuts to hold from buy * Blackbaud Inc BLKB.O : Baird cuts to neutral from outperform * Brinker International Inc EAT.N : JP Morgan cuts to neutral from overweight * Comstock Res
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U.S. STOCKS Zimmer Biomet, Shake Shack, Microsoft

BUZZ-U.S. STOCKS ON THE MOVE-Zimmer Biomet, Shake Shack, Microsoft Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock indexes advanced on Wednesday, with the tech-heavy Nasdaq rising to a record high, as investors assessed corporate earnings as well as crucial data showing the economy maintained a steady pace of growth in the third quarter.
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U.S. STOCKS XPO, Blueprint Medicines, AbbVie

BUZZ-U.S. STOCKS ON THE MOVE-XPO, Blueprint Medicines, AbbVie Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock indexes were muted on Wednesday as investors assessed mixed corporate results as well as crucial data showing the economy maintained a steady pace of growth in the third quarter.
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Wall St gains as Alphabet lifts Nasdaq to fresh record high

US STOCKS-Wall St gains as Alphabet lifts Nasdaq to fresh record high For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Alphabet jumps to over three-month high Eli Lilly misses weight-loss, diabetes drug estimates AMD falls, weighing on chip stocks ADP jobs data posts beat, Q3 GDP advance numbers miss estimates Indexes up: Dow 0.51%, S&P 500 0.29%, Nasdaq 0.24% Updated at 12:01 p.m.
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U.S. stocks edge up as data, earnings pour in

LIVE MARKETS-U.S. stocks edge up as data, earnings pour in Major U.S. indexes slightly green Comm Svcs leads S&P sector gainers; Healthcare weakest group Euro STOXX 600 index slides ~1% Dollar dips, gold slightly higher; crude up ~1.5%; bitcoin dips U.S. 10-Year Treasury yield falls to ~4.23% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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U.S. STOCKS Visa, Reddit, Bank of America

BUZZ-U.S. STOCKS ON THE MOVE-Visa, Reddit, Bank of America Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures rose on Wednesday, as Alphabet's strong quarterly results buoyed sentiment around technology megacaps, while investors also awaited crucial data to gauge the strength of the economy and the labor market.
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Payments giant Visa climbs as Q4 results beat estimates

BUZZ-Payments giant Visa climbs as Q4 results beat estimates ** World's largest payments processor Visa's V.N shares rise 1.7% to $286.70 premarket ** Company beat Wall Street expectations for Q4 profit on Tuesday after market, as consumers set aside worries of a slowing economy and swiped their cards to splurge on travel and dining out ** On an adjusted basis, Visa earned $2.71 per share in Q4, beating expectations of $2.58, according to estimates compiled by LSEG ** Revenue rose 10% in the qua
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Street View: Visa in a sweet spot in the e-payments realm

BUZZ-Street View: Visa in a sweet spot in the e-payments realm ** Visa V.N beat Wall Street expectations for fourth-quarter profit on Tuesday, as consumers set aside worries of a slowing economy and swiped their cards to splurge on travel and dining out ** Shares of the payment cards services co up 1.7% at $286.7 in premarket trading ON THE UP AND
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U.S. Agilon Health, Alphabet, Crocs

U.S. RESEARCH ROUNDUP-Agilon Health, Alphabet, Crocs Oct 30 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Agilon Health, Alphabet and Crocs, on Wednesday. HIGHLIGHTS * Agilon Health Inc AGL.N : Citigroup cuts to sell from neutral * Alphabet Inc GOOGL.O : Seaport Research Partners raises to buy from neutral * Crocs Inc CROX.O : Raymond James cuts to market perform from outperform * Leggett & Platt Inc LEG.N : Piper
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Wall Street Journal - Oct 30

PRESS DIGEST- Wall Street Journal - Oct 30 Oct 30 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Elon Musk's xAI is in talks with investors for a funding round that would value it around $40 billion, according to people familiar with the matter.
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Nasdaq hits record high as Alphabet earnings beat estimates

US STOCKS-Nasdaq hits record high as Alphabet earnings beat estimates Alphabet beats quarterly revenue estimates D.R. Horton losses weigh on homebuilders Nasdaq hits record closing high at 18,712 Indexes: Nasdaq up 0.78%, S&P up 0.16%, Dow down 0.36% Updates after the close By Abigail Summerville Oct 29 (Reuters) - The Nasdaq scored a record closing high and the S&P 500 rose on Tuesday, while the Dow fell as investors digested a host of corporate earnings and awaited Google-parent Alphabet's GOO
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Visa profit beats expectation on resilient consumer spending

UPDATE 4-Visa profit beats expectation on resilient consumer spending Adds executive comments in paragraphs 5 & 11 By Arasu Kannagi Basil Oct 29 (Reuters) - Visa V.N beat Wall Street expectations for fourth-quarter profit on Tuesday, as consumers set aside worries of a slowing economy and swiped their cards to splurge on travel and dining out, sending its shares up 2% in trading after the bell.
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Visa profit rises on resilient consumer spending

Visa profit rises on resilient consumer spending Oct 29 (Reuters) - Visa V.N reported a rise in fourth-quarter profit on Tuesday, thanks to higher spending on its cards. Net income rose to $5.32 billion, or $2.65 per share, in the three months ended Sept. 30 from $4.68 billion, or $2.27 per share, a year earlier. Reporting by Arasu Kannagi Basil in
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Visa Q4 EPS USD 2.65

BRIEF-Visa Q4 EPS USD 2.65 Oct 29 (Reuters) - Visa Q4 adjusted EPS USD 2.71 vs. IBES estimate USD 2.58. Q4 adjusted net income USD 5,400 million vs. IBES estimate USD 5,198 million Q4 EPS USD 2.65 Q4 revenue USD 9,600 million vs. IBES estimate USD 9,493 million Q4 net income USD 5,300 million
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Visa to lay off around 1,400 employees and contractors, WSJ reports

UPDATE 2-Visa to lay off around 1,400 employees and contractors, WSJ reports Adds Visa response in paragraphs 5-6 Oct 29 (Reuters) - Visa V.N is planning to lay off about 1,400 employees and contractors by the end of the year, the Wall Street Journal reported on Tuesday, a s the card giant looks to streamline its international business. About 1,000 of the cuts are expected to eliminate technology positions, the WSJ reported, citing people familiar with the matter.
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Visa to lay off around 1,400 employees and contractors, WSJ reports

Visa to lay off around 1,400 employees and contractors, WSJ reports Oct 29 (Reuters) - Card giant Visa V.N is planning to lay off about 1,400 employees and contractors by the end of the year, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Visa did not immediately respond to a Reuters request for comment. Report
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Visa Plans To Lay Off Around 1,400 Employees And Contractors - WSJ

BRIEF-Visa Plans To Lay Off Around 1,400 Employees And Contractors - WSJ Oct 29 (Reuters) - VISA PLANS TO LAY OFF AROUND 1,400 EMPLOYEES AND CONTRACTORS - WSJ Source: [ https://tinyurl.com/yntnvem6 ] Further company coverage: V.N
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