News: American Express Co (AXP.N)

AXP.N on New York Stock Exchange

89.07USD
4:00pm EDT
Price Change (% chg)

$0.71 (+0.80%)
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$88.36
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$88.52
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$89.55
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$96.24
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$72.08

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Fri, Aug 1 2014

UPDATE 2-Berkshire profit soars 41 pct to a record on investment gains

(Adds comments, cash position, individual businesses' results)

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

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