News: American Express Co (AXP)

AXP on New York Consolidated

86.22USD
17 Apr 2014
Price Change (% chg)

$-1.18 (-1.35%)
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$87.40
Open
$87.16
Day's High
$87.92
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$85.10
Volume
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Avg. Vol
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$94.35
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Wed, Apr 16 2014

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Leash on expenses helps AmEx counter muted user spending

- American Express Co's quarterly profit beat analysts' average estimate as a tighter control on expenses helped make up for slower growth in consumer spending in its key U.S. market.

American Express profit rises 12 percent

April 16 - American Express Co reported a 12 percent rise in quarterly profit as its credit-card customers spent more in a recovering U.S economy.

Fitch Affirms American Express; Outlook Stable

(The following statement was released by the rating agency) NEW YORK, April 16 (Fitch) Fitch Ratings has affirmed American Express Company's (AXP) long-term Issuer Default Rating (IDR) at 'A+' and short-term IDR at 'F1'. The Rating Outlook is Stable. A full list of ratings is detailed at the end of this release. The ratings affirmation reflects AXP's strong franchise, spend-centric business model, leading market position in the payments industry, strong credit performance, consistent prof

Big credit card issuers defeat collusion lawsuit in U.S.

NEW YORK - Consumers suffered a setback on Thursday as three big credit card issuers won the dismissal of U.S. lawsuits accusing them of colluding to require that disputes be settled in arbitration rather than class action lawsuits.

UPDATE 3-Big credit card issuers defeat collusion lawsuit in U.S.

* Cardholders alleged collusion to require arbitration (Adds comments from Citigroup, Discover lawyer)

BRIEF-American Express, Citigroup, Discover win dismissal of lawsuit over credit card arbitration causes

April 10 - American Express Co : * Citigroup Inc Discover Financial Services win dismissal of

American Express clinches $900 million joint venture investment

NEW YORK - American Express Co said on Monday that four financial investors have committed a total of $900 million to a business travel joint venture, in what would be the largest single investment ever made in a travel management company.

American Express clinches $900 mln joint venture investment

NEW YORK, March 17 - American Express Co said on Monday that four financial investors have committed a total of $900 million to a business travel joint venture, in what would be the largest single investment ever made in a travel management company.

US STOCKS-Wall Street edges lower as Intel, GE weigh

* Indexes: Dow up 0.17 pct, S&P off 0.14 pct, Nasdaq off 0.2 pct

UPDATE 2-American Express says exposure to Target breach 'minimal'

* Fourth-quarter adjusted earnings $1.25/share vs est. $1.26/share

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