News Topic - American Express
Articles 1 - 10 of most recent articles
Superprime Slime
American Express reveals unexpectedly weak results.
CFO.com – 5 hours, 35 minutes ago ¦ comment?
found in Business
American Express reveals unexpectedly weak results.
CFO.com – 5 hours, 35 minutes ago ¦ comment?
found in Business
S&P lowers outlook on American Express to negative
SAN FRANCISCO (MarketWatch) -- Standard & Poor's Ratings Services on Wednedsay lowered the outlook on American Express Co. to negative from stable. "Although the current rating allows for some variance in financial performance within a credit cycle, the negative outlook reflects the possibility that operating stress may fall outside expected bounds with the worsening of the U.S. economy," said Ernest Napier, an S&P credit analyst. S&P also noted that although American Express has maintained its focus on high-quality cardmember acquisitions, asset-quality metrics could be hurt by recent portfolio growth because the write-off levels for new customers are typically higher than the total portfolio. American Express' counterparty credit rating is at A+/A-1.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 23, 2008 6:12 PM [GMT] ¦ comment?
found in Business: Markets
SAN FRANCISCO (MarketWatch) -- Standard & Poor's Ratings Services on Wednedsay lowered the outlook on American Express Co. to negative from stable. "Although the current rating allows for some variance in financial performance within a credit cycle, the negative outlook reflects the possibility that operating stress may fall outside expected bounds with the worsening of the U.S. economy," said Ernest Napier, an S&P credit analyst. S&P also noted that although American Express has maintained its focus on high-quality cardmember acquisitions, asset-quality metrics could be hurt by recent portfolio growth because the write-off levels for new customers are typically higher than the total portfolio. American Express' counterparty credit rating is at A+/A-1.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 23, 2008 6:12 PM [GMT] ¦ comment?
found in Business: Markets
Local attorney to speak publicly about his recent arrest
A local attorney who was arrested last week on charges he used his ex-wife's identity to obtain a $71,000 line of credit will hold a press conference today.Daryl Gold, a well-known defense attorney, will address accusations off identity theft at 3 p.m. at the Regions Bank Building in downtown Shreveport.Authorities say he used Deborah Logan Gold's name and social security number to get credit. The situation came to light when the Caddo-Shreveport Financial Crimes Task Force started investigating an attempt to open a $5,000 credit card in Gold's ex-wife's name, according to authorities.During the investigation, which started in April, Caddo sheriff's Detective Bobby Herring determined that two lines of credit were opened through American Express.
The Shreveport Times – Jul 23, 2008 12:00 PM [GMT] ¦ comment?
found in Local: Louisiana: Shreveport
A local attorney who was arrested last week on charges he used his ex-wife's identity to obtain a $71,000 line of credit will hold a press conference today.Daryl Gold, a well-known defense attorney, will address accusations off identity theft at 3 p.m. at the Regions Bank Building in downtown Shreveport.Authorities say he used Deborah Logan Gold's name and social security number to get credit. The situation came to light when the Caddo-Shreveport Financial Crimes Task Force started investigating an attempt to open a $5,000 credit card in Gold's ex-wife's name, according to authorities.During the investigation, which started in April, Caddo sheriff's Detective Bobby Herring determined that two lines of credit were opened through American Express.
The Shreveport Times – Jul 23, 2008 12:00 PM [GMT] ¦ comment?
found in Local: Louisiana: Shreveport
S&P Picks and Pans: Apple, Wachovia, American Express, UPS
S&P Picks and Pans: Apple, Wachovia, American Express, UPS
Business Week – Jul 23, 2008 12:29 AM [GMT] ¦ comment?
found in Business
S&P Picks and Pans: Apple, Wachovia, American Express, UPS
Business Week – Jul 23, 2008 12:29 AM [GMT] ¦ comment?
found in Business
American Express Reports Rising Defaults
Even affluent customers fall behind on their bills.
ConsumerAffairs.com – Jul 22, 2008 10:21 PM [GMT] ¦ comment?
found in Business: Consumer
Even affluent customers fall behind on their bills.
ConsumerAffairs.com – Jul 22, 2008 10:21 PM [GMT] ¦ comment?
found in Business: Consumer
Stocks in the Spotlight Tuesday
American Express, Apple and TI all fell. Foundry Networks rose.
Barron's Online – Jul 22, 2008 9:07 PM [GMT] ¦ comment?
found in Business: Markets
American Express, Apple and TI all fell. Foundry Networks rose.
Barron's Online – Jul 22, 2008 9:07 PM [GMT] ¦ comment?
found in Business: Markets
Financial Stocks: Wachovia turnaround rallies banks again
American Express leads the top losers in midday trading, as fears over credit-card companies outweigh the bad results from regional banks.
MarketWatch.com – Jul 22, 2008 7:42 PM [GMT] ¦ comment?
found in Business
American Express leads the top losers in midday trading, as fears over credit-card companies outweigh the bad results from regional banks.
MarketWatch.com – Jul 22, 2008 7:42 PM [GMT] ¦ comment?
found in Business
‘Lolita’ Lawyer, an Ex-Cravath Partner, Blames Arrest on AmEx in $4M Suit
The so-called “Lolita Lawyer” who pleaded guilty to charges of statutory rape is blaming his arrest on American Express. Disbarred lawyer James Colliton, a former mergers and acquisitions lawyer with Cravath, Swaine & Moore, has sued the credit card company for giving police information that led to his 2006 capture…
ABA Journal – Jul 22, 2008 5:21 PM [GMT] ¦ comment?
found in Business: Law and Taxation
The so-called “Lolita Lawyer” who pleaded guilty to charges of statutory rape is blaming his arrest on American Express. Disbarred lawyer James Colliton, a former mergers and acquisitions lawyer with Cravath, Swaine & Moore, has sued the credit card company for giving police information that led to his 2006 capture…
ABA Journal – Jul 22, 2008 5:21 PM [GMT] ¦ comment?
found in Business: Law and Taxation
Am Ex sued for aiding fugitive search
NEW YORK, July 22 (UPI) -- A former New York attorney who pleaded guilty to statutory-rape charges is suing American Express for allegedly helping authorities during his 2006 flight.
United Press International – Jul 22, 2008 4:11 PM [GMT] ¦ comment?
found in Top Stories
NEW YORK, July 22 (UPI) -- A former New York attorney who pleaded guilty to statutory-rape charges is suing American Express for allegedly helping authorities during his 2006 flight.
United Press International – Jul 22, 2008 4:11 PM [GMT] ¦ comment?
found in Top Stories
NewsWatch: U.S. stocks turn mostly up on oil's drop, mixed earnings
U.S. stocks scale back early losses Tuesday as the price of crude dips more than $4 a barrel, countering earnings results and guidance from American Express Co., Apple Inc. and Wachovia Corp. that intensified worries about the economy.
MarketWatch.com – Jul 22, 2008 4:00 PM [GMT] ¦ comment?
found in Business
U.S. stocks scale back early losses Tuesday as the price of crude dips more than $4 a barrel, countering earnings results and guidance from American Express Co., Apple Inc. and Wachovia Corp. that intensified worries about the economy.
MarketWatch.com – Jul 22, 2008 4:00 PM [GMT] ¦ comment?
found in Business