Trending: Justice Dept Sues Visa for Illegal Monopoly
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Dow Jones
9:53 ET -- Visa is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. The Justice Department sued Visa on Tuesday on allegations that it had illegally monopolized the market for consumers payments worth trillions of dollars every year, a sweeping antitrust complaint that seeks to open the debit-card market to new competition. Visa was using carrots and sticks to keep potential competitors off its turf and to punish merchants that did business with rivals, the lawsuit said. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)
(END) Dow Jones Newswires
September 25, 2024 10:08 ET (14:08 GMT)
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