AMEX BUSINESS CARD News, Sports, Shopping, Travel information

Amex Hit By Higher Credit Losses - Bbc Business
credit card firm american express has seen a fall in quarterly profits after credit losses rose more than forecast. profits for the period declined 38% and the firm warned that earnings per share would slow in the months ahead.
news.bbc.co.uk

Amex Results Show Pain Spreading To High End
the credit card issuer's second-quarter profit drops 40% as it sets aside more money to cover losses from delinquencies.
www.forbes.com

Amex 2q Earnings Fall 38%
the credit card company earned 56 cents per share after setting aside another $374 million in reserves. the street had expected 83 cents a share.
www.crainsnewyork.com

Amex Profit Tumbles 38 Per Cent - Globe And Mail
new york — — american express co. , a credit card issuer and processing network, said monday its quarterly profit fell 38 per cent as it set aside more money to cover credit losses. the company said it was no longer on track to boost earnings per ...
www.theglobeandmail.com

American Express Shares Dive After Profits Warning - The Independent
american express, the credit card company, issued a thumping profits warning last night, sending its shares diving and potentially foreshadowing a new leg of the credit crisis. the company, whose customers spent $647bn (£323bn) on 86.4 million amex ...
www.independent.co.uk

Reuters Business Summary
apple outlook well below wall street view san francisco - apple inc said on monday its current-quarter earnings would be well below wall street targets, sending shares of the iphone, ipod and macintosh maker down 10 percent. apple has a reputation for conservative financial forecasts, and it posted third-quarter earnings on monday that swept by its own target and those of ...
ph.news.yahoo.com

Reuters Business Summary
apple outlook well below wall st view, shares fall san francisco - apple inc said on monday its current-quarter earnings would be well below wall street targets, sending shares in the maker of macintosh computers and ipod music players down nearly 9 percent. apple has a reputation for conservative financial forecasts, and it posted third-quarter earnings on monday that swept ...
malaysia.news.yahoo.com

Us Stocks-stocks Slip On Oil, Drugs; Apple, Amex Drop Late - Guardian Unlimited
but financials looked set to start tuesday in the red. shares of financial companies ranging from capital one to citigroup slid after credit card company and dow component american express reported a profit that missed wall street's estimates.
www.guardian.co.uk

Profit Declined 38% At American Express - International Herald Tribune
the american express company, one of the world's flagship credit-card issuers, reported sharply lower quarterly earnings late monday, offering fresh evidence of the financial distress that many american consumers are experiencing. profit from ...
www.iht.com

American Express Net Drops 38% Amid Warning Of Gloom Ahead
american express reports a 38% drop in second-quarter net income and warns that it won’t be able to meet long-term financial targets until the economy improves.
www.marketwatch.com

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Widespread Earnings Woes Reflect Us Consumer Fears - Guardian Unlimited
new york, july 21 (reuters) - the deepening plight of the american consumer has started to take a big bite out of corporate earnings. a number of major u.s. companies who rely on consumer spending warned about their results on monday evening ...
www.guardian.co.uk

Ex-con Sues Amex, Says It Aided Search For Him - Tuscaloosa News
a disbarred manhattan lawyer who pleaded guilty to statutory rape has sued the american express co. for giving police credit card information he says led to his capture. james colliton was arrested in february 2006 near toronto, where prosecutors say ...
www.tuscaloosanews.com

Businesses — Planning Any Fall Specials?
the block island tourism council is offering to send out an e-mail blast the last week of august to advertise any specials and packages that island businesses have planned for september or october. depending on the number of businesses running specials, the council may also extend the advertising to other venues.
www.blockislandtimes.com

Cruise On The Mon Tickets Now Available
brownsville area revitalization corporation, brownsville historical society and greater brownsville area chamber of commerce have joined together to organize the annual cruise on the mon as part of the community week activities for 2008.
www.pittsburghlive.com

Amex Profit Falls On Rising Defaulters - The Age
american express, the biggest us credit-card company by purchases, said second-quarter profit fell 37% as more consumers defaulted on loans. the shares fell 9.9% in extended trading. profit from continuing operations was $us655 million, or 56 cents a ...
business.theage.com.au

Widespread Earnings Woes Reflect Consumer Fears - Post Chronicle
new york (reuters) - the deepening plight of the american consumer has started to take a big bite out of corporate earnings. a number of major u.s. companies who rely on consumer spending warned about their results on monday evening, including credit ...
www.postchronicle.com

Information - Please!
road warriors want to hit the ground running when they arrive. websites, magazines and software vie to meet the demand
www.globeinvestor.com

Two Analysts Offer Mixed View On Amex
bruce harting, an analyst at lehman brothers, cut his price target for american express co. by $5 monday, to $50 a share, saying the company may temper its forecast for profit growth when it reports second-quarter earnings.
www.financial-planning.com

Amex Shares Discharged After Credit Warning - Smart Money
new york (dow jones) -- american express co.'s (axp) second-quarter net income fell 38% as the company bulked up credit reserves and income from u.s. card services plunged, and the company said it no longer expects to match previous targets for 2008 ...
www.smartmoney.com