The law firm of Wohl & Fruchter LLP is investigating the proposed spin-off by SLM Corp (NASDAQ:SLM) of its lucrative education loan management business into a new public company to be owned entirely by existing SLM common shareholders. Our investigation focuses on the adverse impact of this spin-off on the rights of SLM’s 6.97% cumulative redeemable preferred stock, Series A (Series A Preferred Stock), and SLM’s floating rate non-cumulative preferred stock, Series B (Series B Preferred Stock). SLM Corp (NASDAQ:SLM) stock closed at $23.13 in last trading session, and 52 week range is $16.64 – $27.34. The stock showed a negative weekly performance of -5.28%.
Mastercard Inc (NYSE:MA)’s five-year battle to keep multi-billion-euro cross-border card fees was dealt a blow on Thursday when an adviser to Europe’s top court backed efforts to reduce such charges. Mastercard Inc (NYSE:MA) shares closed at $77.70 on last trade day. Stock 52 week range is $50.74 – $84.75. Company’s market capitalization is $90.33 billion.
Glancy Binkow & Goldberg LLP reminds investors that all purchasers of The Western Union Company (NYSE:WU) common stock between February 7, 2012 and October 30, 2012, inclusive (the “Class Period”), have until February 10, 2014, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit. The Western Union Company (NYSE:WU) stock opened at $15.71 in last trading session, and closed at $15.53, trading in the range of $15.48 – $15.82. The stock showed a negative weekly performance of -3.97%.
Visa Inc (NYSE:V) said that in the U.S. through January 21, payment volume growth continued at 8%, with U.S. credit up 10% in both Q1 and through January 21 compared to 11% in Q4. U.S. debit grew at 7% in both Q1 and through January 21 compared to 10% in Q4. Through January 21, cross-border volume on a constant dollar basis grew 10%, with a U.S. growth rate of 9% and international 11%. Through January 21, process transaction growth was 11%, Visa said on its Q1 earnings conference call. Visa Inc (NYSE:V) stock closed at $217.12 in last trading session. The 52 week range of the stock is $154.14 – $235.50.