A federal judge decided Friday to not throw out renewed lawsuits against Visa and MasterCard over their interchange fees, allowing the suits filed by various merchants that opted out of the credit card giants’ $5.7 billion settlement to proceed.
Visa and MasterCard had filed a motion to have more than 30 …read more
The world’s largest woodworking machinery maker Homag Group is set to be acquired by smaller German industry peer Durr Technologies, according to reports.
Homag’s assets include subsidiary Stiles Machinery, based in the US. Durr is set to acquire Homag and those smaller units to increase its stake to 53.7 percent, a …read more
Germany-based Holcim and France-based Lafarge have reportedly begun discussions with the European Commission regarding their proposed merger to create a $50 billion cement conglomerate, Holcim confirmed.
The companies confirmed that they are now in discussions with EU authorities on how to overcome antitrust concerns related to the deal.
Reports say the companies …read more
The UK’s Serious Fraud Office is reportedly ready to launch an investigation into allegations of manipulation of the foreign exchange market, according to an unnamed source.
The SFO may announce the probe this week, the source added.
In a statement responding to the reports, the SFO said it is “receiving and examining …read more