ADVFN - Advanced Financial Network.
HOME» NYSE » G » GE Stock Price » GE Stock News

Gen Electric Share News

 General Electric Stock Price
GE Stock Price
 General Electric Stock Chart
GE Stock Chart
 General Electric Stock News
GE Stock News
 General Electric Company Information
GE Company Information
 General Electric Stock Trades
GE Stock Trades

Visa Taps Nordstrom Executive To Lead Cards Business

By Andrew R. Johnson Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Visa Inc. (V) has hired former Nordstrom Inc. (JWN) executive Kevin Knight to head the payment processor's credit- and debit-products business in North America. The San Francisco-based company said Wednesday that Knight will oversee "development and growth of Visa's consumer credit, debit and small business product suite." Knight previously was president of Nordstrom's credit division and chairman of the retailer's bank subsidiary, overseeing its customer loyalty program and payment processing in its stores. He also worked for General Electric Co. (GE), the largest issuers of private-label credit cards in the U.S., for more than 20 years. Visa, the largest card processor, and competitor MasterCard Inc. (MA) aren't lenders but process transactions for banks that issue their cards and those that work with merchants. Knight's appointment comes as Visa is trying to protect its business from new regulations capping how much large banks can charge merchants to accept debit cards by restructuring fees it charges clients. Visa is also pushing into new areas, including mobile and "person-to-person" payments, in an effort to drive more transaction volume over its processing network. Knight's experience working for a retailer and financial institution made him an "ideal choice to fill this role," William Sheedy, group president of Visa's Americas region, said in a statement. Visa's shares were down 0.2% at $119.63. -By Andrew R. Johnson, Dow Jones Newswires; 212-416-3214; andrew.r.johnson@dowjones.com

Stock News for Gen Electric (GE)
DateTimeHeadline
11/26/201418:36:37Fed May Tailor Rules for Systemically Important Nonbank Firms
11/26/201402:06:40VietJet Signs US$300 Million Engine Maintenance Deal with CFM
11/21/201407:00:19Blackstone to Buy General Electric's Japan Property Business
11/18/201418:03:24Blackstone Buys Australian Chemicals Business
11/17/201413:38:31Hungary to Limit Interest Rates on Converted Forex Loans
11/17/201407:34:08GE's China Head Expects Strong Order Growth, Despite Slowing...
11/13/201412:24:28BrightSource Energy Puts Off Repaying Creditors
11/13/201402:58:05Alstom to Distribute EUR3.5 Billion to EUR4 Billion to Shareholders...
11/10/201420:50:07GE's Immelt to Get Equity Incentive Grant
11/10/201420:44:06GE's Immelt to Get Equity Incentive Grant in Connection With...
10/28/201421:50:11Colgate Buys Myanmar Toothpaste Brand
10/28/201418:39:29Jefferies Expected to Book up to $15 Million Loss on Toms Shoes...
10/26/201417:03:17Germany Bets on 'Smart Factories' to Keep Its Manufacturing Edge
10/23/201401:30:42Safran Revenue Rises on Sustained Demand for Jet Engines
10/17/201416:49:42MARKET SNAPSHOT: U.S. Stocks Rally; Dow Snaps 6-day Losing Streak
10/17/201413:01:10MARKET SNAPSHOT: U.S. Stocks Rally; Dow Enjoys Triple-digit Revival
10/17/201410:07:14MARKET SNAPSHOT: U.S. Stocks Rally; GE Rises On Earnings Beat
10/17/201409:38:35U.S. Hot Stocks: Hot Stocks to Watch
10/17/201409:14:03MARKET SNAPSHOT: U.S. Stocks: Futures Rally; Housing Starts Rise
10/17/201407:45:26MARKET SNAPSHOT: U.S. Stocks: Futures Rally Ahead Of Yellen...

Gen Electric and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad