ACE ( ACE) has sold three run-off reinsurance units to Randall & Quilter Investment Holdings, an international insurance-management firm. The agreement to sell ACE American Reinsurance, Brandywine Reinsurance Co. (UK) and Brandywine Reinsurance Company S.A.-N.V. was announced in January 2005. Because of the sale, ACE has reduced its exposure to legacy liabilities, including asbestos, by about $900 million and has lowered its reinsurance recoverables by roughly $400 million. Shares of ACE, an insurance company, were down $1.03, or 2%, to $49.56. Visa U.S.A. and First Data ( FDC) agreed to settle a legal dispute, pending since 2002, regarding the processing of Visa payment-card transactions. Specific terms of the settlement weren't disclosed. However, First Data said Visa will provide financial support to pursue mutual business opportunities and cost-cutting initiatives that are "expected to drive new innovation, reliability, security and new merchant acceptance." First Data will transfer existing private arrangements between itself and Visa-member financial institutions on to VisaNet. Shares of First Data, a provider of electronic-commerce and payment services, were off 21 cents, or 0.5%, at $44.78. Credit giant Mastercard ( MA) saw its shares decline despite a number of positive research calls from Wall Street firms. Citigroup and KeyBanc Capital Markets initiated coverage of the stock with buy ratings, while Prudential started Mastercard with an overweight rating and Cowen rated it an outperform. HSBC and JPMorgan are giving Mastercard, which went public in May, a neutral rating. Shares of Mastercard were losing 32 cents, or 0.7%, at $46.98. Doral Financial ( DRL) reached an agreement with Westernbank Puerto Rico, a unit of W Holding ( WHI), to restructure the mortgage loan sale transactions between the companies. As of May 31, the unpaid principal balance of all mortgage loans previously sold by Doral to Westernbank was around $954 million.