Morning Scan: Amex Fee Deal Blows Up; Jeb Bush on Wall Street

Receiving Wide Coverage ...

AmEx Deal Upset: Sometimes even "burn after reading" instructions aren't enough to cover up improper behavior. A federal judge threw out the proposed $79 million antitrust settlement between American Express and merchants Tuesday, finding that negotiations were "fatally tainted" when lawyers from opposing sides shared confidential documents. That's a big win for merchants hoping to reach an alternative deal that will give them more leeway in passing the cost of interchange fees...