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American Express spending volume up, boosts stock
NEW YORK (Reuters) - American Express Co (AXP.N) said credit card spending increased in October from September in another sign that the worst of the financial crisis may have passed for the largest U.S. credit-card company, sending its shares up 1.5 percent to a 14-month high.
Source:(Reuters)
2009-11-10
AmEx reports 22 percent decline in 3Q profit
NEW YORK - American Express Co. reported its eighth straight quarter of falling profits on Thursday as consumers spent and borrowed less.
Source:(AP)
2009-10-22
NAACP tries to woo the hip-hop generation
New York - The National Association for the Advancement of Colored People, America's largest and oldest civil rights organization, is now trying to appeal to the so-called hip-hop generation.
Nations:U.S. Source:(Christian Science Monitor)
2009-07-19
Berkshire sells J&J, P&G
NEW YORK (Reuters) - Billionaire Warren Buffett's Berkshire Hathaway Inc reduced stakes in health-care company Johnson & Johnson (JNJ.N) and consumer products company Procter & Gamble Co (PG.N) as he found high-yielding investments elsewhere, and suffered big paper losses by holding onto investments in big U.S. financial companies.
Nations:U.S. People:Warren Buffett
2009-02-17
Discover: Credit Where Credit Is Due
During the era of easy money, Discover Financial Services was dismissed as a second-rate credit card company that lacked the cachet and retail acceptance of rivals. Its profits paled next to those of titans American Express and Bank of America (NYSE:BAC - News). The company's low-rent image was even lampooned on the Fox TV cartoon series Family Guy.
Nations:U.S. Source:(BusinessWeek)
2009-02-14
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