3 Financial Stock Stories to Close Out the Trading Week

Visa (NYSE:V): Current price $181.05

Visa has brought a lawsuit against Wal-Mart Stores, in an attempt to keep the megalith retailer from bringing price-fixing allegations regarding merchant swipe fees. Wal-Mart counts among over 7,000 retailers that opted out of a multibillion-dollar resolution with Visa and Mastercard Incorporated (NYSE:MA) linked to the fees, which are charged to merchants when consumers pay for purchases using credit cards. A complaint was made public in a federal court in Brooklyn, in which Visa said that it wishes to prevent “the continuation of endless, wasteful litigation between the parties.”

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V

Berkshire Hathaway (NYSE:BRKB): Current price $114.38

Berkshire Hathaway reports that its recently-formed commercial property casualty insurance group Berkshire Hathaway Specialty Insurance, has begun operations, and is now underwriting property, casualty, professional and executive liability insurance and programs for customers in the United States. The new Berkshire play is concentrated mostly on domestic excess and surplus lines insurance, because of the increasing importance of this market segment in supplying tailored solutions to customers. Policies are being underwritten on the non-admitted paper of National Fire & Marine Insurance Company, which is one of Berkshire Hathaway’s existing excess and surplus lines companies, and forms a part of its National Indemnity group of insurance firms.

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BRKB

Two Harbors Investment Corp. (NYSE: TWO): Current price $11.08

The corporation has declared a quarterly dividend of 31 cents per share of common stock for the second quarter of this year, payable on July 23 to stockholders on record at the close on June 28. Two Harbors Investment is a Maryland corporation, and a real estate investment trust which invests in residential mortgage-backed securities, residential mortgage loans, together with other financial assets.

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TWO

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