Credit and debit card fees are pushing up retail prices by as much as 2.5% in some EU markets, according to the European Commission.
Depending on where customers live in the EU, they could pay up to double in annual fees for a Visa or Mastercard
Credit and debit card fees are pushing up retail prices by as much as 2.5% in some EU markets, according to the European Commission.
Depending on where customers live in the EU, they could pay up to double in annual fees for a Visa or Mastercard
Drugs firm Merck has been ordered to pay $9m (£5.1m) in damages to a US man after its Vioxx painkiller was found to have contributed to his heart attack.
A New Jersey jury awarded the punitive damages to 77-year old John McDarby, almost a week after it found Merck liable for his heart attack
Public hearings into Wal-Mart’s proposed application for a US banking licence have begun in Virginia.
Its plan for an in-house bank known as an industrial loan corporation (ILC) is opposed by unions, consumer groups and many state-level banks.
They believe the move will threaten local businesses although Wal-Mart says it has no plans to open branches or offer banking services to consumers
Water firm Severn Trent has confessed it has given industry regulator Ofwat more false information.
The company says it had misreported statistics about the way it handles complaints from customers and enquiries about bills.
The admission echoes a similar problem revealed last month at Southern Water, which will lead to a fine for Southern
A US court has reached a split verdict in the latest case brought against the manufacturer of the painkiller Vioxx.
A New Jersey jury found that Merck & Co was liable for one user’s subsequent heart attack and ordered the firm to pay $4.5m (£2
A US judge has given Bank of America the go-ahead to pursue a $1bn fraud claim against Italian firm Parmalat.
The bank has accused the firm’s former management of fraud, conspiracy and lying about its finances.
The claim will not affect Paramalat’s own $10bn suit against the bank for its alleged role in the firm’s collapse
Accounting firm KPMG LLP will pay an undisclosed amount to settle a $50 million malpractice lawsuit brought by former client Targus Group International Inc., according to court officials.
The settlement was reached early on Tuesday after some six months of negotiations between KPMG and privately held Targus, a maker of computer cases based in Orange County, California, said court officials close to the case
Venezuela has hit UK oil giant BP with a $61.4m (£35m) back tax bill.
The country’s tax authority, the Seniat, said the figure arose from the firm’s operations in the country between 2001 and 2004
Police in Brazil have detained a Credit Suisse director in a federal inquiry as he tried to leave the country.
Six other company executives are under investigation as part of “Operation Switzerland” but Credit Suisse says the unit under scrutiny is a trade office.
It says Credit Suisse Representacoes is part of a Credit Suisse private banking division, but is non-financial itself