Mastercard has reached a settlement with Wal-Mart and millions of other US retailers that are suing the credit card network and its rival Visa over its debit card fees.
Wal-Mart and the smaller retailers alleged Mastercard’s and Visa’s policies are anti-competitive. No details of the settlement were disclosed.

Procter & Gamble has raised its offer for German haircare product maker Wella by 82m euros to a little under 5.6bn euros, plus assumed debt.
The move came as the US consumer goods giant posted a 23% gain in quarterly profits - the fifth consecutive quarter of double-digit increases in core net earnings.