Supreme Court lets debit card fee cap stand
The Supreme Court left intact a Federal Reserve rule limiting debit card swipe fees, a decision welcomed by Bank of America and Wells Fargo and opposed by retailers led by NACS. The regulation, set under Dodd-Frank, caps fees at 21 cents per transaction plus fraud losses, a policy retailers say still overcharges merchants by about 3 billion dollars annually.
MENTIONED IN THIS ARTICLE
U.S. Supreme Court
Federal Reserve
Wal-Mart
NACS
National Association of Convenience Stores
Bank of America
Wells Fargo
U.S
Visa
MasterCard
Fed
Healthier snack wave reshapes the Fancy Food Show
At the Fancy Food Show in San Francisco new seaweed chips kale crackers and coconut snacks vie for mainstream fame. Executives like Dwight Richmond and Manu facturers such as Dang push minimally processed options amid rising per person nibbling and a $28 billion salty snacks market.
MENTIONED IN THIS ARTICLE
Los Angeles Times
Zach Greenberg
Art Holscher
San Francisco
Jerry Bello
Dwight Richmond
Whole Foods Market
Richmond
Austin
Wendy Meraz
Trader Joe’s
Meraz
Dang
Vincent Kitirattragarn
Kitirattiagarn
Whole Foods
Corintha Collins
Oil drops on IMF forecast cut and Iran hints at price floor
Oil prices slid as the IMF trimmed its 2015 global growth outlook and Iran suggested prices could fall to 25 dollars a barrel without OPEC support. U.S. data showed a 2.6 million barrel build in Cushing, Oklahoma, while Brent closed at 47.99 and U.S. crude at 46.39 amid oversupply concerns. Iran’s oil minister forecast no shift toward price support within OPEC.
MENTIONED IN THIS ARTICLE
International Monetary Fund
Iran
OPEC
Genscape
U.S
Cushing
Okla
Bijan Zanganeh
Tehran
Zan
Ganeh
IMF
American Petroleum Institute
The
Energy Information Administration
Martin Luther King Jr
Iowa Leads Midwest With 3.43 Billion Bushels Storage
Iowa tops the Midwest in grain storage capacity as of December 1 with a total of 3.43 billion bushels across on-farm and off-farm sites, the largest statewide capacity. Neighboring states trail, with per 1 000 bushel figures outlining the regional comparison.
MENTIONED IN THIS ARTICLE
Iowa
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Supreme Court
Bloomberg News
U.S. Department of Agriculture
Nielsen
Midwest Grain Storage
North Dakota
South Dakota
Nebraska
Kansas
Minnesota
Wisconsin
Missouri
Illinois
USDA
National Agricultural Statistics Service
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