Fred Harteis News Articles - MasterCard Worldwide has agreed to pay $1.8 billion to its credit card rival, American Express, to settle claims related to a 2004 antitrust lawsuit.

 

The settlement comes about seven months after Visa paid more than $2.1 billion to American Express to put similar claims behind as it as raced ahead with plans for an initial public offering in March. MasterCard, which went public two years ago, had been under pressure to resolve the suit since uncertainty surrounding the litigation was one of the few ...   more »