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AmEx could cut off credit to California employees

American Express Co. has warned California officials that it could cut off employees' credit cards if the state budget impasse drags on too long. In a memo, the company says it has always been willing to work with the state during delayed budgets, but the...

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American Express warns California over nonpayment

With California's budget impasse now in its 54th day, financial services giant American Express Co. has warned the state that its workers may have to leave home without their state AmEx travel card if the dispute drags on too long.

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Zacks Sell List Highlights: The Ryland Group, Inc., American Express Co., Nordstrom, Inc., Cooper Tire & Rubber Co.

CHICAGO--(BUSINESS WIRE)--Zacks.com releases details on a group of stocks that are currently members of the exclusive Zacks #5 Rank List – Stocks to Sell Now.

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Analyst Whitney gloomy on U.S. spending as top AmEx clients hurt

(Reuters) - Oppenheimer analyst Meredith Whitney saw negative implications for overall U.S. spending over the next 12 to 18 months after credit card company American Express Co indicated credit deterioration among its most affluent customers.

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Analyst Whitney gloomy on U.S. spending as top AmEx clients hurt

(Reuters) - Oppenheimer analyst Meredith Whitney saw negative implications for overall U.S. spending over the next 12 to 18 months after credit card company American Express Co indicated credit deterioration among its most affluent customers.

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H&R Block sues American Express over ad campaign

H&R Block Services Inc. is suing American Express Co., alleging that the credit card giant has infringed on a popular campaign of H&R Block Inc.'s advertising.

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H&R Block sues American Express over ad campaign

H&R Block Services Inc. is suing American Express Co., alleging that the credit card giant has infringed on a popular campaign of H&R Block Inc.’s advertising.

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H&R Block sues American Express over ad campaign

H&R Block Services Inc. is suing American Express Co., alleging that the credit card giant has infringed on a popular campaign of H&R Block Inc.’s advertising.

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Antitrust-settlement charge puts MasterCard in the red

BOSTON (MarketWatch) -- Credit card network MasterCard Inc. on Thursday said a $1 billion charge to settle an antitrust case with American Express Co. drove a second-quarter loss of $746.7 million, or $5.74 a share. Excluding the charge, quarterly net income was $276 million, or $2.11 a share, the company said. In the year-ago period, MasterCard reported adjusted net income, excluding special items,...

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American Express buys 13 percent of Concur for $251M

American Express Co. is buying 13 percent of Concur Technologies Inc. for $251 million. (AXP) (CNQR)

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Concur shares rally after AmEx partners, buys 13% stake

Travel and entertainment expense-management provider Concur Technologies Inc. is among the top stock gainers Tuesday morning after American Express Co. agrees to buy a stake in the company.

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UPDATE 1-American Express buys 13 percent stake in Concur

NEW YORK, July 29 (Reuters) - American Express Co bought 6.4 million shares of management services provider Concur Technologies Inc for $251 million in cash, the companies said on Tuesday.

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AmEx partners with Concur and buys 13% equity stake

BOSTON (MarketWatch) -- American Express Co. and travel and entertainment expense-management provider Concur Technologies Inc. on Tuesday said they have entered into an exclusive marketing partnership. AmEx has also purchased 6.4 million shares of new Concur stock for $251 million in cash, representing a 13% stake in the company. AmEx has received a warrant giving it the right to buy over the next...

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Credit Storm Could Cause Headwinds for Card Issuers

Credit-card issuers ranging from American Express Co. to Capital One Financial Corp. to Citigroup Inc. will likely face stiff headwinds in the second half of this year. Analysts expect this credit storm to peak at the end of 2008, though it could possibly last through the early part of next year. Companies are grappling with a [...]

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American Express outlook revised to negative-S&P

NEW YORK (Reuters) - Standard & Poor's on Wednesday revised its outlook on American Express Co to negative from stable after the credit card issuer and processing network reported a steeper-than-expected profit decline.