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Card News: Mastercard Inc (MA)’s Innovation, Visa Inc (V) & American Express Company (AXP)’s Subsidiary

Editor’s Note: Related tickers: Mastercard Inc (NYSE:MA), Visa Inc (NYSE:V), American Express Company (NYSE:AXP), Goldman Sachs Group, Inc. (NYSE:GS), International Business Machines Corp. (NYSE:IBM), Time Warner Inc. (NYSE:TWX)

Mastercard Inc : MasterCard Shows Consumers 10 Ways to Pay in the Digital Age (4-Traders)
Stay on top of fashion, get a great price from a local merchant, and buy your hot dog and peanuts at the ball game–all from a mobile device? Mastercard Inc (NYSE:MA) is making all this – and more – possible, brought to life at the Innovation Showcase where Mastercard Inc (NYSE:MA) displayed the many ways it is revolutionizing the consumer shopping experience. Held in conjunction with its annual Investor Day, the Innovation Showcase offered a glimpse into the products and services that transform the shopping experience and enhance convenience and security for consumers.

Mastercard Inc (NYSE:MA)

Here’s How Nike, Goldman, and Visa Will Change the Dow (DailyFinance)
By now, you’ve probably heard that the Dow Jones Industrial Average is getting a makeover. Three of the venerable index’s weakest tickers get the boot on September 23, replaced by fresher blood. But do you know how these changes will change the Dow?.. The hefty share prices of Visa Inc (NYSE:V) and Goldman Sachs Group, Inc. (NYSE:GS) will reduce International Business Machines Corp. (NYSE:IBM)‘s market-moving powers. Today, IBM accounts for 9.4% of the Dow’s combined share prices — and, therefore, 9.4% of the total index weight. Chevron runs a distant second, at 6.2%.

AXP to Divest Publishing Business – Analyst Blog (Nasdaq)
Recently, American Express Company (NYSE:AXP) announced that it will divest its subsidiary American Express Publishing Corporation to Time Inc., a division of Time Warner Inc. (NYSE:TWX), a leading global media company for an undisclosed amount. American Express has been associated with Time Inc. for the past twenty years. American Express Publishing Corporation provides affluent consumers with reliable information regarding luxury lifestyles through its five multi-media magazines, namely, Travel + Leisure, Food & Wine, Departures, Executive Travel and Black Ink.

MasterCard Canada urges female developers to participate in N>XT coding challenge (BankCreditNews)
Mastercard Inc (NYSE:MA) Canada recently called on all female professional and student developers to compete in its N>XT developer challenge, the first to be held in Canada. A recent study by Statistics Canada found that while the number of young women with degrees in computer science has increased, men still hold the majority of degrees in the field. The challenge, which will be held Sept. 28 and Sept. 29 at the MaRS Discovery District, provides women and opportunity to apply their skills to a business challenge that could have a major impact on the future of the payments industry.

American Express Given “Neutral” Rating at Zacks (AXP) (TickerReport)
American Express Company (NYSE:AXP)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued on Wednesday, Analyst Ratings reports. They currently have a $78.00 target price on the stock. Zacks‘ price target points to a potential upside of 4.56% from the company’s current price. A number of other firms have also recently commented on AXP. Analysts at TheStreet reiterated a “buy” rating on shares of American Express (NYSE:AXP) in a research note to investors on Monday.

Time to buy American Express Publishing (RedwoodTimes)
Time Inc. says it has agreed to buy the publishing business of American Express Company (NYSE:AXP), which includes magazines such as “Food & Wine” and “Travel + Leisure.” Financial terms were not disclosed. Time says it expects the acquisition of American Express Publishing Corp. to close in the last three months of this year. That’s about the same time Time Warner Inc. (NYSE:TWX). will spin off Time Inc. into a separate company, leaving Time Warner to concentrate on its TV networks and Warner Bros studio.

GS, V & NKE join the Dow (CNBC)