Reuters (Free subscription) | 06/10/2008
NEW YORK (Reuters) - American Express Co , the fourth-largest U.S. card issuer, said on Monday it would have enough liquidity to satisfy its funding needs for at least 12 months if access to fixed income capital markets were interrupted.
Reuters UK (Free subscription) | 01/10/2008
NEW YORK, Oct 1 (Reuters) - American Express Co , which launched its charge card business 50 years ago today, may wish it was back in those good old days.
Detroit Free Press (Free subscription) | 30/09/2008
... 30 components ended lower, with sharp losses especially seen in the likes of Bank of America and American Express Co., which both lost more than 17%.Stocks already were sharply lower as the global credit crisis spread, with four bailouts in Europe and the takeover of Wachovia Corp. roiling securities, commodities and currencies markets, and forcing major central banks to pump hundreds of...
Market Watch (Free subscription) | 22/09/2008
Pushing on to shore up the markets, the list of banned short-sale stocks has been expanded to include the likes of General Electric Co., General Motors Corp. and American Express Co.
Market Watch (Free subscription) | 27/09/2008
"Traders will probably trade small with the high drama in Washington going on. If we finally do get an agreement, the market will get the lift but it won't last more than a day before the reality of the poor economic backdrop and the upcoming earnings season comes into focus," said Elliot Spar, option-market strategist at Stifel, Nicolaus & Co. On Friday, the Dow Jones Industrial Average (:$INDU, ,...
Market Watch (Free subscription) | 26/09/2008
... turnaround, with J.P. Morgan Chase JPMgaining 11%; Bank of America Corp. BACclimbing 6.8%, and American Express Co. AXPup 4.4%. The S&P 500 $SPXclimbed 3.82 points to 1,213.00, giving it a weekly decline of 3.2%. Consumer staples -- viewed as an area to turn when the market is on the defense -- proved the best performing sector, followed by consumer staples and health care. Energy, materials...
Reuters UK (Free subscription) | 25/09/2008
NEW YORK, Sept 25 (Reuters) - Capital One Financial Corp , a credit card and banking company, priced a public offering of 14 million shares at $49 each, according to a filing on Thursday with U.S. securities regulators.
Globe and Mail (Free subscription) | 24/09/2008
Suddenly, just about every major Wall Street bank either has a wedding booked or is close to holding an engagement party. But history suggests many of these couplings can end up in miserable unions.
The Earth Times Online Newspaper (Free subscription) | 22/09/2008
... the investment bank and is run by John Havens, like Pandit a Morgan Stanley alumnus.Michael Corbat, who runs the corporate and commercial bank in Citigroup's investment banking unit, would replace Krawcheck and report to Havens, the newspaper said.Wealth management includes the Smith Barney brokerage and the private bank, which caters to wealthy clients. Citigroup's other business segments include...
The Earth Times Online Newspaper (Free subscription) | 19/09/2008
... to rescue the financial system and restore confidence in shaky markets.Shares of Wells Fargo & Co , the fifth-largest U.S. bank and Berkshire's second-largest investment as of June 30, rose 19 percent over the last two days and touched a record high. That would have given Berkshire a $1.85 billion paper profit on its reported 290.7 million share stake.Berkshire would also have had a $1.12 billion...
Sacramento Bee (Free subscription) | 11/09/2008
Expanding an already close business alliance, the state has struck a deal with American Express Co. to launch a meetings and conference management program that officials hope will save California taxpayers millions of dollars.
Tampa Bay Online (Free subscription) | 13/09/2008
... reports.Fuld joined Lehman in 1969 and eventually found himself "the only one left standing" when American Express Co. spun off Lehman in 1994 after a destructive feud between the firm's bankers and traders.Fuld addressed the infighting by giving bankers and traders comparable pay and insisting on company shares as an outsized portion of pay packages, so employees had a stake in Lehman's...
Examiner (Free subscription) | 09/09/2008
... be on top of a $2.8 billion second-quarter loss, which was the first since Lehman spun off from American Express Co. (, ) in 1994.In addition, Lehman Brothers is also working to quell criticism from major credit rating agencies. On Tuesday, Standard & Poor's put Lehman's debt on CreditWatch Negative because of the steep stock decline, which means the agency may lower the company's ratings...
Miami Herald (Free subscription) | 09/09/2008
... be on top of a $2.8 billion second-quarter loss, which was the first since Lehman spun off from American Express Co. in 1994.In addition, Lehman Brothers is also working to quell criticism from major credit rating agencies. On Tuesday, Standard & Poor's put Lehman's debt on CreditWatch Negative because of the steep stock decline, which means the agency may lower the company's ratings within...
Seattle Times (Free subscription) | 09/09/2008
... be on top of a $2.8 billion second-quarter loss, which was the first since Lehman spun off from American Express Co. in 1994.In addition, Lehman Brothers is also working to quell criticism from major credit rating agencies. On Tuesday, Standard & Poor's put Lehman's debt on CreditWatch Negative because of the steep stock decline, which means the agency may lower the company's ratings within...
