Hints and tips:
...AbbVie said the incursion by rivals to Humira “was anticipated and contemplated” in its financial guidance....
...Traditional payments companies like Mastercard, and American Express will probably play a central role as the gateways to commerce on platforms like Meta and Roblox, according to Ghose....
...Leading into 2020, banks including JPMorgan Chase, American Express and Citigroup each launched flexible payment options tied to existing credit cards as an answer to point-of-sale financing....
...Still, Knighthead and Certares, the latter a travel specialist with stakes in TripAdvisor and the American Express travel agency, were leading a deal that would inject $5bn into Hertz....
...Makan Delrahim, the DoJ head of antitrust, recently told the Financial Times that he believes “data is an important asset”....
...Mr Scharf, who joined in 2012 from JP Morgan Chase, will be replaced by Alfred Kelly Jr, former longtime executive at of rival card company American Express....
...American Express began to divest its financial services by business lines, and in 1993 the bank was spun off and once again became known solely as Lehman Brothers....
...Two years ago, Elliott Associates took a 17 per cent stake in National Express and lobbied for the sale or break-up of the transport operator....
...American Express is expected to report after the bell on Wednesday, but shares fell 1.9 per cent to $76.80 on news of an EU plan to cap fees on all consumer debit and credit card transactions....
...American Express declined 3.5 per cent to $56.23, although the world’s largest credit card issuer by purchases posted quarterly results that beat analyst estimates on Wednesday....
...Last year Mr Tata unsuccessfully bid for ailing British telecoms group Cable & Wireless and Orient Express, a US hotels group....
...Shares in American Express rose 0.9 per cent to $57.44, while Bank of America also added 1 per cent to $8.19....
...The 2005 spin-off of American Express Financial Advisors, the financial planner now owned by Ameriprise, made Amex even more reliant on the money it collects from merchants....
...V.G. Siddhartha is a reluctant interviewee. Initially rebuffing a request from the Financial Times, he politely e-mailed: “I don’t think I have got any great story at this time.”...
...Advisors....
...US mortgage institution, who is now a partner at Capital Market Risk Advisors, a financial consultancy....
...American Express also rose despite JPMorgan rating its shares “underweight” and arguing that the company would face difficulties well into 2010. AmEx’s shares picked up 1.5 per cent to $14.11....
...American Express also fell after analysts at Friedman, Billings, Ramsey warned the company may post a loss in 2009 and 2010 and slash its dividend, hurt by rising unemployment and credit card defaults....
...He also owns shares in American Express, Wells Fargo and Berkshire Hathaway....
...American Express fell 5.3 per cent to $38.75 after Lehman Brothers forecast net charge-offs – a measure of uncollectable debts – on its cards would reach to 8.5 per cent of loans by next year....
...Mastercard also made ground after it agreed to pay up to $1.8bn to settle claims that it blocked banks from issuing American Express cards....
...With a little help from his pragmatic-minded advisors, including Mr Warren Buffett....
...Analysts said Visa and rival MasterCard are insulated from rising defaults and late payments because, unlike American Express and Discover Financial Services, neither of them actually extends credit to cardholders...
...Mr Weill sold his company to American Express and in 1985, with only Mr Dimon, his-then 29-year-old lieutenant at his side, he set out on his own to start again....
...American Express Private Bank has hired Antoine Bordelais as a senior director in its European, Middle East and Africa operations, based in London....
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