(EMAILWIRE.COM, March 17, 2010 ) Dallas, Tx - Discover Financial Services (NYSE:DFS) went up 0.66% to $15.30 on 5.66 million shares. The company on Tuesday announced that it has received regulatory approval to redeem the $1.2 billion of preferred stock that the company issued to the U.S. Treasury under the Troubled Asset Relief Program. Also after the close today, Discover reported a fiscal first-quarter loss of $103.5 million or 22 cents per share, compared to a profit of $120.4 million or 25 cents per share in the same quarter last year. Charge-offs climbed to 8.51 percent in the first quarter from 8.43 percent in the previous quarter.
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SmartMetric Inc. announced that it has filed, in the United States Federal Court Central District of California, a patent infringement law suit against Visa Inc. & MasterCard Inc.
MasterCard Incorporated (NYSE:MA) lost 0.30% to $249.34.
Visa Inc. (NYSE:V) fell 0.82% to $91.65 on 4.77 million shares.
American Express Company (NYSE:AXP) went up 0.54% to $40.92 on 5.81 million shares. The stock made an intraday high of $41.03 and is up over 223% in the last one year of trading sessions.
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