Gm Chrysler Merger Talks Reported

(Reuters) - Visa Inc's quarterly profit rose by 40 percent, and the earth's largest payment processor said it would introduce a new fee structure for U.S. merchants.

Visa's shift away from per-transaction fees is an extensive departure for that San Francisco-based company. Is definitely being designed in advance of latest fee caps that be effective later enjoying a as system of the 2010 Dodd-Frank financial reform law.

Texas oil billionaire T. Boone Pickens, chairman of BP Capital Management, said he's delayed his plan produce the world's largest wind farm blaming financing problems and transmission line limits.



U.S. stocks closed Wednesday trading session lower with losses a financial sector partly offset by gains in electrical energy. The Down Jones Industrial Average closed down at 10,835.28, the S&P 500 dropped 0.3% to 1,144.73, and also the Nasdaq Composite ended down 0.1% to 2,376.56.

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LDK Solar(LDK_) dipped 3 or more.2% to $6.87 had been company reported first-quarter earnings of $135.4 million, or 95 cents a share, but saw revenue decline17% on a sequential basis to $766.3 million.

"If we continue to get really strong economic numbers and bearish inflationary numbers along by using a hawkish Fed, and once we see a big correction overseas, then we were able to see a correction here," Ryan, Beck & Co's Suskind told MarketWatch.

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