American Express Stories
Amex, foursquare Launch Their Own Google Wallet
Both companies get into the mobile wallet/payment game with their own service.
In New Abnormal, Immelt's Obama Link Business as Usual
We're certainly living in the new abnormal when Jeff Immelt, head of GE, is speaking like the President in a time of heightened political importance and awareness.
Weiner Can't Afford To Quit
With Anthony Weiner expecting his first child, resigning wouldn't be in his best interest financially.
US stocks slump on weak economic data
U.S. stocks slumped on Wednesday, marking the biggest decline since August, as weaker-than-expected reports on ADP private sector employment and ISM manufacturing raised concerns about the current economic soft patch.
My Morning Jacket debuts 'Circuital' live via Youtube concert
My Morning Jacket will debut Circuital tonight at 9pm ET live on youtube.
Nasdaq leads market decline on economic worry
U.S. stocks fell on Monday, led by the Nasdaq's decline after data showed weakness in the economy, underscoring views the market's recent rally is fizzling.
AmEx in venture with French luxury shopping site
American Express Co has formed a joint venture with the French luxury shopping site vente-privee.com, which will expand the lender's e-commerce business while opening the web site to American consumers.
Greater Fort Lauderdale announces exclusive luxe package
This season, Greater Fort Lauderdale has introduced an exclusive 'Vacation Like A VIP' luxe package providing guests a high roller experience.
AmEx profit rises but costs soar; shares dip
American Express Co's first-quarter profit rose 33 percent from a year ago, beating expectations, but its expenses soared 19 percent, and shares in the credit card lender and processing network fell 1.8 percent.
US stocks end higher as oil drops; banks rally
U.S. stocks ended higher on Tuesday, as oil prices eased to below $105 a barrel and financials rallied on upbeat profit forecast from Bank of America.
US stocks gain as oil retreats, banks rally
U.S. stocks advanced on Tuesday as oil prices eased to below $105 a barrel and financials rallied after Bank of America announced plans to increase dividends in the second half of the year.
AmEx sees up to $500 million more in legal losses
American Express Co said it could face up to an additional $500 million in losses from lawsuits and governmental examinations, on top of what it has already reserved for them.
Banks to Get Green Light on Dividend Hike (BK, COF, JPM, PNC, STT, USB, WFC)
RBC Capital Markets said banks with strongest capital and increased profitability are expected to get green light on dividends. The Federal Reserve is expected to approve dividend increases.
Stocks rise, Dow gains for 7th straight day
The Dow Jones Industrial Average scores its seventh straight daily gain, as U.S. stocks seemed to shrug off another interest rate hike by the central bank of China.
Glee cast hits the road this summer
It's the busy season for the Glee kids. Fox announced Tuesday that on the heels of blockbuster ratings for the post-Super Bowl episode, the cast of the hit TV show will be touring again this summer.
AmEx CEO pay mix changes, sells $7.5 million in stock
American Express Co Chief Executive Kenneth Chenault sold more than $7.5 million of his company's shares, as the credit card lender said it will now pay him largely in restricted stock units instead of cash.
American Express changes CEO pay mix to more stock
American Express Co said it changed the annual compensation plan for Chief Executive Kenneth Chenault and will now pay him largely in restricted stock units instead of cash.
Post-Market Earnings Wrap (TXN, AXP, AMGN, VMW, CSX, SANM)
The companies that reported earnings after the markets close on Monday are: Texas Instruments, Amgen, VMware, CSX, American Express, STMicroelectronics, Crane, Sanmina-SCI, Jacobs Engineering, Albemarle...
AmEx revenue rises, but regulatory issues linger
American Express Co said fourth-quarter revenue grew 13 percent from a year earlier, as consumer spending increased.
American Express 4th-quarter revenue rises 13 percent
American Express Co said fourth-quarter revenue grew 13 percent from a year earlier, as consumer spending increased and the company earned more from fees.
Stocks in Focus
The companies which are expected to see active trade on Monday are: Texas Instruments, American Express, Amgen, McDonald's, CSX, Halliburton and Sealed Air.
HSBC cuts 500 U.S. jobs, pares credit card work
HSBC Holdings Plc is laying off about 500 employees as it ends credit card customer service and collections work at a center in New Castle, Delaware.
American Express quarterly profit misses estimate
American Express Co reported quarterly earnings that narrowly missed Wall Street estimates and said it would cut 550 jobs as it handles more customer services on the Internet.
Stocks finish narrowly mixed in light pre-holiday trading
Stocks finished essentially flat in listless pre-holiday trading amidst low volume and a dearth of economic data.
Why American Express was downgraded by Stifel Nicolaus
Stifel Nicolaus analyst Chris Brendler downgraded American Express because their credit card businses will lose market share to debit cards.
Stocks boosted by Chesapeake, financials
The stock market is up slightly as Chesapeake Energy (NYSE:CHK) jumped 8.41 percent and financial stocks rose broadly. However enthusiasm was tempered by the downgrade of American Express (NYSE:AXP).
AmEx plunging on analyst downgrade
Shares of American Express Co. (NYSE: AXP) are tumbling after an analyst at Stifel Nicolaus downgraded the companies because of potential negative impact of pending government regulations.
Credit card delinquencies, usage fall
Credit card delinquency rates fell at major U.S. lenders in November as fewer consumers fell behind on their bill payments, signaling they are recovering from the stress of the financial crisis.
AmEx agrees to help victims of Rothstein's $1.2 bln Ponzi scheme recoup some losses
The bankruptcy trustee for Scott Rothstein's defunct law firm has reached a tentative settlement with American Express, the card that was used to fuel Rothstein's and his wife's luxurious lifestyle, that will help the victims of the high-profile lawyer's $1.2 billion Ponzi scheme recoup some of their losses.
U.S. credit card losses fall more than expected
Fewer Americans fell behind on their credit card payments than expected in July, as consumers coped better with their debt, but the drop in delinquencies to their lowest levels so far this year doesn't suggest a recovery in spending, analysts said.