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U.S. on track to grow 1.9 percent in fourth quarter: Atlanta Fed

The U.S. economy is on track to grow 1.9 percent in the fourth quarter with expected weaker consumer spending and equipment investment growth following a private report on U.S. manufacturing in October, the Atlanta Federal Reserve's GDPNow forecast model showed on Monday. This was slower than the regional Fed's prior estimate of 2.5 percent rate on Friday, the Atlanta Fed said on its website. The model downgraded its outlook…

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U.S. on track to grow 1.9 percent in fourth quarter: Atlanta Fed

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Visa to buy Visa Europe in deal worth as much as $23 billion

The price for the long-anticipated deal was higher than many had expected, but ended a period of strategic uncertainty that had dogged Visa in recent months. Visa Inc and Visa Europe, a cooperative of European banks with more than 500 million cards, were part of a global bank-owned network until 2007. Most of the units merged to form Visa Inc, which went public in 2008, leaving Visa Europe

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Visa to buy Visa Europe in deal worth as much as $23 billion