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Zakn Guardians have no new COVID-19 cases, coach Willis to manage
AP Busi stanley cup ness WriterNEW YORK AP 鈥?The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses its size and dominance to stifle competition in the debit card market, costing consumers and businesses billions of dollars. The complaint filed Tuesday says San Francisco-based Visa penalizes merchants and banks who don ;t use Visa own payment processing technology to process debit transactions, even though alternatives exist. Visa earns an incremental fee from every transaction processed on its network.Acco stanley thermo rding to the stanley cup DOJ complaint, 60% of debit transactions in the United States run on Visas debit network, allowing it to charge over $7 billion in fees each year for processing those transactions. We allege that Visa has unlawfully amassed the power to extract fees that far exceed what it could charge in a competitive market, said Attorney General Merrick B. Garland in a statement. Merchants and banks pass along those costs to consumers, either by raising prices or reducing quality or service. As a result, Visas unlawful conduct affects not just the price of one thing 鈥?but the price of nearly everything. In a statement, Julie Rottenberg, Visas general counsel, said the lawsuit doesnt take into account the ever expanding universe of companies offering new ways to pay for goods and services. Todays lawsuit ignores the reality that Visa is just one of many competitors in a debit spa Vzpa Karlsson, Meier lead Sharks past Ducks 6-1 to snap skid
By RONALD BLUMAP Baseball WriterNEW YORK AP 鈥?The Red Sox will be responsible for paying Eric Hosmer only the major league minimum salary after acquiring him from the Padres. As part of Tuesday trade, San Diego agreed to pay Boston up to $ stanley quencher 43,566,713, according to details of the agreement obtained by The Associated Press.San Diego will pay $6,786,813 this year, which covers all but $246,154 of the $7,032,967 Hosmer is owed for the rest of this season. Hosmer has a $20 million salary, and 64 da stanley taza ys were left in the 182-day season.Hosmer has the right to opt out of the final three seasons of his $144 million, eight-year contract, a deal that has $13 million salaries in each of those years. The trade includes $36.78 million in conditional cash if he keeps the contract: $12.28 million in 2023, $12.26 million in 2024 and $12.24 million in 2025. That leaves the Red Sox to pay $720,000 next year, $740,000 in 2024 and $760,000 in 2025, matching the major league minimum in each of those seasons. Boston sent minor league left-hander Jay Groome to the Padres and also received a pair of minor leaguers: infielder Max Ferguson and outfielder Corey Rosier.___More AP MLB: https://apnews/hub/MLB and https://twitter/AP_Sports Article Topic Follows: AP Sports stanley germany Jump to comments darr; The Associated Press Related Articles |
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