Sponsored by American Express

Credit-card company American Express Co has ample liquidity and less credit risk than its rivals, and its shares could double, Barron's said in its April 13 edition.

Revolution Money, an online payment firm backed by AOL co-founder Steve Case, said on Monday it has received funding of $42 million from a group that includes a Goldman Sachs affiliate and earlier investors Citigroup and Morgan Stanley .

Revolution Money, an online payment firm backed by AOL co-founder Steve Case, said on Monday it has received funding of $42 million from a group that includes a Goldman Sachs affiliate and earlier investors Citigroup and Morgan Stanley .

American Express Co may have to set aside a significant amount of money to cover more losses in the next few quarters as U.S. credit card defaults are expected to remain high, analysts at J.P. Morgan Securities said, as they reinitiated the stock with an underweight rating.

U.S. credit card defaults rose in February to their highest level in at least 20 years, with losses particularly severe at American Express Co and Citigroup amid a deepening recession.

Not long ago, Americans were being offered as much as $100 just to sign up for a credit card. Now, up to $300 is being dangled as an incentive for them to give up their plastic. U.S. credit card issues are slashing rewards, raising interest rates and increasing fees as loan losses mount.

Stocks fell in volatile trading on Tuesday, with the S&P ending below 700 for the first time since October 1996 as persistent uncertainty about the amount of money needed to shore up the financial system overshadowed a hunt for bargains.

American Express Co., battered by mounting credit card losses, is offering $300 to a limited number of U.S. card holders who pay off their balances and close their accounts, the company said on Monday.

As cash-strapped U.S. consumers think twice before buying a coffee or a newspaper, and banks fight for survival, Visa Inc and MasterCard Inc are cutting costs to sustain earnings. In their latest quarterly results, the world's largest payment networks beat expectations by slashing expenses and increasing prices.

As cash-strapped U.S. consumers think twice before buying a coffee or a newspaper, and banks fight for survival, Visa Inc and MasterCard Inc are cutting costs to sustain earnings.

MasterCard Inc will pay American Express Co. up to $1.8 billion in a settlement that drops a lawsuit alleging that MasterCard had illegally blocked financial firms from providing American Express cards.

American Express said its first-quarter profit fell 6 percent amid in what the company's chief executive called a weak and uncertain U.S. economy.

Visa Inc, the world's largest credit card network, filed with regulators on Friday to raise up to $10 billion in an initial public offering, in one of the largest and most eagerly awaited U.S. stock offerings. Visa announced the offering two days after agreeing to pay $2.1 billion to settle a three-year-old antitrust lawsuit with rival American Express Co.

Visa USA, Inc will pay American Express Co. a total of $2.25 billion to settle allegations stemming from an anti-trust lawsuit filed in 2004 by AmEx, according to a report.

Stocks rose on Tuesday, spurred by technology companies as Apple’s strong quarterly profit report and news of Blackberry-maker Research In Motion’s deal for distribution in China added to and better than expected results from American Express.

A New York lawmaker said on Monday she plans to offer legislation to address some of the problems plaguing credit card customers who have been blindsided with interest rate changes and various fees.

Americans are dissatisfied, resentful and apathetic -- about their credit cards! Those are the findings of a recent survey which found more than half of Americans are unhappy with the plastic in their wallet, but not really doing anything about it.

Visa, the world's largest credit card network, unveiled details of a planned restructuring on Friday as it prepares by early next year to follow smaller rival MasterCard Inc. in becoming a public company.

Consumer groups urged the Federal Reserve on Thursday to make minor changes to a proposal requiring more disclosures by credit card companies to help consumers understand various fees and interest rates.

Shares of financial services company American Express Co. (NYSE: AXP) got a boost from investors on Friday, a day after the company reported that first quarter profit rose 21 percent, beating Wall Street expectations.

Federal ministers Amanda Vanstone and Kevin Andrews are at odds over plans by American Express to have Japanese workers take jobs at a Sydney call centre.

American Express, the travel services and credit card company, reported second quarter earnings that surpassed Wall Street expectations citing strong credit card spending.