Jason Kupferberg News
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SAIC Inc., a provider of engineering and technology services, gained the most in more than nine months after announcing a special $1 a share dividend to be paid in late June.
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CGI Group Inc. , Canada’s biggest computer-services provider, agreed to buy Stanley Inc. for $903 million in cash to expand its U.S. government business.
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Visa Inc., the world’s biggest payments network, said fiscal second-quarter profit increased 33 percent as U.S. credit-card spending climbed for the first time since 2008.
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Visa Inc. , the world’s biggest payments network, fell as much as 5 percent after saying the U.S. Department of Justice may sue the company over a policy that bars merchants from charging extra to customers who pay with credit cards.
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Visa Inc., MasterCard Inc. and some of the biggest U.S. banks agreed to a settlement of at least $6.05 billion in a price-fixing case brought by retailers over credit-card swipe fees.
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U.S. Senator Richard Durbin, who won federal limits on debit-card swipe fees, said merchants should “think hard” before signing a $6.6 billion settlement with Visa Inc., MasterCard Inc. and banks over credit-card fees.
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MasterCard Inc., the second-biggest payments network, fell in New York trading after posting quarterly revenue that missed analysts’ estimates as currencies in some overseas markets slid against the U.S. dollar.
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Visa Inc. and MasterCard Inc. , the world’s biggest payments networks, climbed more than 4 percent as the U.S. Congress worked toward a compromise that would protect transaction fees they charge to banks.
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Marsico Capital Management was among the biggest sellers in the second quarter of Visa Inc., the world’s largest payments network, and Vanguard Group Inc. added to its holdings, as the stock posted its steepest decline in almost two years.
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UBS AG, Switzerland’s biggest bank, dismissed New York-based technology analyst Arvind Ramnani, according to an e-mail he sent to contacts.
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