American Express News

Even the wealthy are showing signs of credit problems. Increasing numbers of American Express card holders defaulted in the second quarter, tarnishing the company's earnings.

American Express saw a big sell-off in its shares during the after-hours session on Monday following the release of its second-quarter earnings numbers .

The dollar traded near a record low against the euro after American Express Co. said profit dropped 37 percent as more consumers defaulted on loans, raising concern the slowdown in U.S. economic growth may ...

Despite poor reports from American Express and Wachovia , the markets are holding up pretty well this morning.

American Express Reports Strong Corporate Travel Sales Growth JULY 22, 2008 -- American Express late yesterday reported a 17 percent year-over-year increase to $6.2 billion in global corporate travel sales for ...

The American Express conference call revealed unexpected behavioral changes in the company's best customers.

American Express just reported second quarter results, and for the most part they were everywhere investors don't want to be.

The Dow edged up on Tuesday as a drop of about $4.50 in oil prices added to positive sentiment from Caterpillar's strong earnings, offsetting declines in tech shares, including Apple.

Jul. 22 - Disappointing results or outlooks from key consumer-related companies like American Express and Apple revived worries of a consumer-led recession.

American Express Co , a credit card issuer and processing network, reported a steeper-than-expected 38 percent drop in quarterly profit as it set aside more money to cover credit losses and its shares fell ...

American Express Co. withdrew its forecast for growth in earnings per share of 4% to 6% this year and said it would accelerate efforts to cut staff and other costs.

The year was 1862. The cause of alarm: the Civil War, which had cut off communications between Montgomery, Alabama, where Lehman Brothers was founded a dozen years earlier, and New York, where much of its ...

U.S. stock indexes were mixed Tuesday after credit card giant American Express pulled back from its growth forecast for 2008.

A disgraced lawyer has sued American Express for $4 million for telling cops where he was hiding while on the run from charges that he had sex with two underage sisters.

Wall Street looked to open sharply lower Tuesday after a dismal quarter from Wachovia Corp.

American Express Co. , the biggest U.S. credit card company by purchases, dropped as much as 12 percent after second-quarter earnings fell more than analysts estimated and Chief Executive Officer Kenneth ...

The deepening plight of the American consumer has started to take a big bite out of corporate earnings.

American Express Co. says second-quarter profit tumbled 38 percent as the credit card lender set aside an additional $374 million in reserves.

American Express Co. , the biggest U.S. credit-card company by purchases, may say profit declined for a third straight quarter as borrowers squeezed by rising prices and unemployment defaulted on more loans.

Many successful individual investors have at some point in time had the enjoyable experience of picking a stock for their portfolio that turned out to be an absolute home run.