American Express news stories on Newser

Obama's Job-Creation Team Full of Job Cutters

Matt Cantor — Mon, 10 Oct 2011 08:06:06 CDT

Tomorrow, President Obama will meet with his council of advisers on job creation; trouble is, many of its members seem to know more about cutting jobs than adding them. The head of American Express, for example, was appointed to the council days after AmEx cut 550 jobs—despite the firm...

Facebook Game Pays Out Real Gold

Evann Gastaldo — Tue, 12 Jul 2011 12:20:43 CDT

Finally, a way to profit from all that time you waste on Facebook—so long as you're British. Facebook users who live in the UK can play American Express's fantasy gold trading game, in which players buy and sell gold with an eye on how news events alter gold prices...

Feds Slap AmEx With Antitrust Suit

Polly Davis Doig — Mon, 04 Oct 2010 13:05:00 CDT

The Justice Department has hit American Express with antitrust charges today, just as it settles similar charges with Visa and MasterCard, reports the Wall Street Journal. The complaint centers around the uneven fees and rules AmEx imposes to "impede merchants from promoting or encouraging the use of a competing credit...

Dow Off 217; Tech, Banks Fall

Nick McMaster — Fri, 22 Jan 2010 15:20:20 CST

Strong earnings just weren't enough to buoy the markets today, as Google and American Express saw big declines despite strong quarterly reports. Goldman Sachs and other financials also posted losses due to fear over President Obama's new restrictions on banks, the Wall Street Journal reports. The Dow lost 216.90...

Salvation Army Takes Plastic

Nick McMaster — Mon, 23 Nov 2009 17:55:30 CST

The Salvation Army's red kettles that collect holiday donations—a symbol for over 100 years—are getting an update. Numerous sites across the country will take credit cards this year as part of a pilot program dubbed "cashless kettles." Earlier tests suggest that the program has promise: in Dallas-Fort Worth...

Dow Climbs 96 to New 2009 High

Nick McMaster — Mon, 19 Oct 2009 15:19:24 CDT

Stocks rallied today on expectations for this week’s earnings reports, with the Dow rising 96.28 points to hit a new 2009 high of 10,092.19. Caterpillar, which reports tomorrow, gained 6.5% after saying it would raise prices. American Express, which reports Thursday, gained 2.6%. Traders were...

Dow Off 42, Wrapping Up Down Week for Stocks

Nick McMaster — Fri, 25 Sep 2009 15:27:04 CDT

Stocks fell today after reports of a smaller-than-expected rise in new home sales and a drop in orders for durable goods over the last month. Blue chips Alcoa, Amex, and Wal-Mart all fell at least 2%, and RIM dropped 17.1% after issuing a disappointing earnings forecast. The Dow dropped...

Dow Down 41; Tech Rises, Banks Fall

Nick McMaster — Mon, 21 Sep 2009 15:13:15 CDT

Stock indices finished mixed today after the markets reached what most traders saw as a slight pause in a very strong September, the Wall Street Journal reports. Financials led declines: AmEx fell 2.9%, while Bank of America lost 1.8%. Google rose 1.1% after Citigroup analysts boosted their...

Dow Up 108 to 2009 High

Nick McMaster — Wed, 16 Sep 2009 15:15:29 CDT

Stocks rallied today, with all three major indices hitting their highest levels of the year, the Wall Street Journal reports. GE surged 5.69%, AmEx 3.06%, and BofA 2.80% on good data: Industrial production gained 0.8% in August, and the Labor Department’s consumer-price index rose 0.4%....