Skip to: Content
Skip to: Site Navigation
Skip to: Search
SATURDAY, NOVEMBER 21, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: American Express

American Express stories: 41 news summaries

1 - 20 of 41 Stories | 1 2 3 Next >>

Switch to grid view »

MARKETS

 Dow Climbs 96 to New 2009 High 

Expectations for Caterpillar, AmEx earnings boost Dow

Oct 19, 09 3:19 PM CDT
(Newser) - 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... More »

MORE ABOUT:
Dow Jones • Apple • American Express • Nasdaq • Caterpillar • third quarter earnings • quarterly reports • quarterly results • S&P 500

MARKETS

 Dow Off 42, Wrapping Up 
 Down Week for Stocks 

Disappointing data drives indices lower; RIM falls 17.1%

Sep 25, 09 3:27 PM CDT
(Newser) - 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... More »

MORE ABOUT:
Research In Motion • Dow Jones • Alcoa • American Express • Nasdaq • S&P 500 • Wal-Mart

MARKETS

 Dow Down 41; 
 Tech Rises, 
 Banks Fall 

September rally sees slight pullback

Sep 21, 09 3:13 PM CDT
(Newser) - 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... More »

MORE ABOUT:
Google • Citigroup • Bank of America • Dow Jones • American Express • Nasdaq • S&P 500

MARKETS

 Dow Up 108 to 2009 High 

GE, financials gain; Fed shows industrial activity up for August

Sep 16, 09 3:15 PM CDT
(Newser) - 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.... More »

MORE ABOUT:
Bank of America • Dow Jones • Consumer Price Index • American Express • Nasdaq • S&P 500 • industrial

INTERVIEW

Buffett: 'We
Are Not Out of Problems Yet'

Investor looks to
clean up on crisis, but
is moving out of stocks

Sep 8, 09 6:38 AM CDT
(Newser) - Even Warren Buffett had a bad financial crisis: The Omaha sage personally lost $25 billion in 2008, enough to put him behind Bill Gates on the worldwide rich list. But while many investors hunkered down as markets tanked, Buffett recalibrated, pouring billions into companies—Goldman Sachs, GE, BofA, Amex—that... More »

MORE ABOUT:
stock market • Goldman Sachs • Warren Buffett • General Electric • American Express • investment • Berkshire Hathaway • investor

 US Reaps Profit as 
 Banks Pay Back 
 TARP Funds 

Fed pulls in $14B from loan programs

Aug 31, 09 7:38 AM CDT
(Newser) - When the government spent some $240 billion last year to help avert financial disaster, the idea of making a profit from the TARP funds invested in teetering banks looked like a long shot. Now, however, profits from eight banks who’ve paid back the cash have totaled some $4 billion,... More »

MORE ABOUT:
Goldman Sachs • Federal Reserve • profits • Morgan Stanley • loans • American Express • investment • Treasury Department • taxpayer money • Northern Trust • TARP

Era of Celeb Endorsers Is Dying Along With Celebs

Iconic ads are history
as audience splinters

Jul 13, 09 1:43 AM CDT
(Newser) - There was a time viewers couldn't turn on the TV without seeing the King of Pop opening a Pepsi or hearing Karl Malden warning everyone not to leave home without an American Express card. But the recent death of mega sellers like Jackson, Malden, Farrah Fawcett, and Ed McMahon signals... More »

MORE ABOUT:
Pepsi • celebrity • American Express • Michael Jackson • endorsement • Farrah Fawcett • Ed McMahon • Karl Malden

OBITUARY

Karl Malden, Oscar-Winner and AmEx Face, Dead at 97

'Don't leave home without it,' he reminded

Jul 1, 09 3:09 PM CDT
(Newser) - Karl Malden—the Oscar-winner who later famously reminded travelers not to leave home without their American Express traveler’s checks—died today at 97 of natural causes, the Los Angeles Times reports. The former steel worker played supporting roles in 50 films during the 1950s and ‘60s, winning an... More »

MORE ABOUT:
obituary • American Express • Emmy Awards • actor • Oscars • Karl Malden

MARKETS

 Banks, Energy Fall; Dow Off 201 

Dow, S&P 500 now negative for 2009

Jun 22, 09 3:18 PM CDT
(Newser) - A global rout in materials and energy stocks combined with a sell-off in financials to wreak havoc on US markets today, the Wall Street Journal reports. The Dow closed down 200.72 at 8,339.01. The Nasdaq lost 61.28, closing at 1,766.19, and the S&P... More »

MORE ABOUT:
World Bank • Bank of America • Dow Jones • Alcoa • General Electric • American Express • Nasdaq • S&P 500

MARKETS

 Stocks Mixed; Dow Off 16 

Weak gains for Nasdaq, S&P cap week of losses

Jun 19, 09 3:31 PM CDT
(Newser) - Stocks ended mixed for the day and lower for the week, as gains in financials made up for losses in energy spurred by falling oil prices, MarketWatch reports. Bank of American and American Express each rose about 2%, which analysts saw as investors covering short positions. The Dow fell 15.... More »

MORE ABOUT:
NASDAQ • Citigroup • Dow Jones • American Express • Nasdaq • S&P 500

(Newser) - The Treasury Department has given 10 banks—including Goldman Sachs, JP Morgan, American Express, and Capital One—permission to repay their TARP loans, the Wall Street Journal reports. The government will recoup $68 billion faster than anticipated, but the money won’t go back into the public coffers; Tim... More »

MORE ABOUT:
Congress • Goldman Sachs • American Express • Treasury Department • Capital One • JPMorgan Chase • Troubled Asset Relief Program • TARP

AmEx to Ax 4K Jobs in $800M Chop 

Cuts are in addition
to 7K workers laid
off last fall

May 18, 09 5:48 PM CDT
(Newser) - American Express said today it plans to slash 4,000 jobs as part of an $800 million cost-cutting plan, CNNMoney reports. The cuts are in addition to 7,000 workers slated last fall to be laid off. Amex also plans to reduce operating costs and investment spending. The company "... More »

MORE ABOUT:
employment • recession • American Express • job cuts • economy

MARKETS

 Dow Jumps 164 in Jobs Rally 

Investors find hope in stress tests and unemployment results

May 8, 09 3:29 PM CDT
(Newser) - Stocks rallied today on the unemployment report and stress-test results, the Wall Street Journal reports. Though unemployment continues to grow, the slowing pace of joblessness fueled a cautious optimism. American Express and JP Morgan Chase, who “passed” the government’s test, both gained 9%. The Dow closed up 164.... More »

MORE ABOUT:
Dow Jones • American Express • unemployment • Nasdaq • S&P 500 • JPMorgan Chase

Madoff's $100K AmEx Bills
Point to  Rampant Abuse

Investors' money kept family living luxe

May 7, 09 10:02 AM CDT
(Newser) - Ponzi-schemer Bernard Madoff used investors’ money as a “personal piggy bank” to support family, as well as some staff, extravagances, ABC reports. Documents filed in New York bankruptcy court show that Ruth Madoff used the company card to purchase nearly $5,000 of clothing at Paris boutiques last January,... More »

MORE ABOUT:
American Express • Ponzi scheme • Bernard Madoff • Ruth Madoff • Bernard L. Madoff Investment Securities • Peter Madoff • Andrew Madoff • Mark Madoff

AmEx to Clients: Here's
$300, Now Get Lost

Credit card firm looks to limit exposure

Feb 23, 09 5:12 PM CST
(Newser) - American Express is offering some of its customers $300 to pay their balance and close their accounts, Reuters reports. The firm has been hit with staggering losses, exacerbated by their expansion in recent years to less well-heeled customers. American Express declined to say how many customers had received the buyout... More »

MORE ABOUT:
American Express • credit card • credit • default • financial crisis • client

 Dow Plunges Nearly 300 

Global markets set losing tone for NYSE

Feb 17, 09 3:14 PM CST
(Newser) - Stocks plunged today as President Obama signed the economic stimulus package into law, MarketWatch reports. With a negative tone set by losses in the overseas stock markets, financials led declines, with Bank of America, Citigroup, JP Morgan Chase, and American Express all down at least 9%. The Dow lost 297.... More »

MORE ABOUT:
Citigroup • Dow Jones • American Express • Nasdaq • Nikkei • S&P 500 • financial stocks

MARKETS

 Dow Up 106; Hope for a Bottom 

MasterCard's success boosts financials

Feb 5, 09 3:18 PM CST
(Newser) - Stocks rebounded after initially falling lower today, as investors snapped up bargains from depressed equities, MarketWatch reports. MasterCard led advances with a 14% gain after beating profit estimates. Wal-Mart was another strong performer, rising 4.33% on strong January sales. The Dow closed up 106.41 at 8,063.07.... More »

MORE ABOUT:
Dow Jones • American Express • Nasdaq • MasterCard • S&P 500 • Wal-Mart • January sales

MARKETS

 Dow Up 58 On Mixed Data 

December existing-home sales rise 6.6%

Jan 27, 09 3:22 PM CST
(Newser) - Stocks ended higher for the third straight day today amid mixed financial news, the Finanical Times reports. Home prices sank, leading to a surge in sales, while consumer confidence remained low. A better-than-expected earnings report from AmEx led financials higher as the Dow closed up 58.70 points at 8,... More »

MORE ABOUT:
Dow Jones • earnings reports • American Express • Nasdaq • Case Shiller price index • existing home sales • S&P 500

MARKET Open

 Earnings Drive Stocks Higher 


Jan 27, 09 8:54 AM CST
(Newser) - A horrible housing report couldn’t hold stocks down at the open. The Dow rose 57 points, while the S&P and Nasdaq added 0.8% and 0.7% respectively, as investors digested a host of mixed earnings reports. Texas Instruments rose 4.4% after it announced a $107 million... More »

MORE ABOUT:
stock market • American Express • Dow • Texas Instruments • Case Shiller price index • S&P 500

 Smarting, Credit Card 
 Companies Cut Rewards 

That airline ticket won't be so easily obtained in recession

Jan 13, 09 4:00 PM CST
(Newser) - Smarting from the sour economy, many credit-card companies are cutting back on rewards programs born out of 1980s excesses, USA Today reports. The cutbacks are akin to moves made by the airline industry last year as fuel prices skyrocketed. “You’re going to see more and more of the... More »

MORE ABOUT:
recession • bank • American Express • credit card • Discover • JPMorgan Chase • financial crisis • rewards • rewards programs

1 - 20 of 41 Stories | 1 2 3 Next >>


from our news partners