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
04/17/201417:12:38MARKET SNAPSHOT: S&P 500's Weekly Gain Is Best Since July 2013
04/17/201417:04:26Pentagon Official Criticizes Pratt & Whitney Over F-35 Costs
04/17/201413:58:36MARKET SNAPSHOT: U.S. Stocks Set For Weekly Gains
04/17/201410:16:19MARKET SNAPSHOT: U.S. Stocks Lower Amid Mixed Earnings
04/17/201409:54:14GE Posts Declines in Profit, Revenue--2nd Update
04/17/201407:20:23GE Posts Declines in Profit, Revenue
04/15/201408:52:57U.S. Stock Futures Rise
04/15/201406:50:58Alstom to Cut Up to 200 Jobs
04/14/201416:03:15Italy's New Premier Renzi Names State-Controlled Company Heads
04/13/201422:11:36Apollo's Momentive Performance Materials Makes Chapter 11 Bankruptcy...
04/13/201408:46:33MARKET SNAPSHOT: Google, Intel, IBM Outlooks To Trump Earnings...
04/04/201411:03:45GE Planning Hong Kong IPO for Aircraft Leasing Unit - Report
03/26/201413:52:53GE to Break Ground on Jet Engine Plant in Indiana This Year
03/26/201413:51:55GE to Break Ground on $100 Million Jet Engine Plant in Indiana...
03/24/201415:37:29Air France Chooses GE Engines for Its Boeing 787 Jets
03/20/201409:36:05Siemens Plans to Restructure - Reports
03/17/201421:03:22GE Hosted Activist Peltz At Leadership Meeting Last Summer
03/17/201419:20:50Greifeld 2013 Compensation Rises 55.3% -- Update
03/17/201417:41:09GE Consumer Finance Unit Faces Two Federal Probes
03/13/201413:55:08GE Files for IPO of North American Retail Finance Arm -- 2nd...

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