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  • Jan 21- Credit card issuer Discover Financial Services Inc reported a 33 percent drop in quarterly profit as it set aside more money to cover bad loans. The company's net income allocated to common shareholders fell to $392 million, or 87 cents per share, in the fourth quarter ended Dec. 31, from $588 million, or $1.23 per share, a year earlier. Revenue, net of interest...

  • AmEx profit rises 10.7 pct Wednesday, 21 Jan 2015 | 4:22 PM ET

    Jan 21- American Express Co, the world's largest credit card issuer, reported a 10.7 percent rise in fourth-quarter profit as customers in the United States spent more using its cards and the company earned higher net interest income. Net income rose to $1.45 billion, or $1.39 per share, for the fourth quarter ended Dec. 31, from $1.31 billion, or $1.21 per share, a year...

  • Midday Glance: Credit Card companies Wednesday, 21 Jan 2015 | 1:22 PM ET

    American Express Co. fell$. 03 or percent, to $87.23. Capital One Financial Corp. fell$. 19 or. 2 percent, to $77.20. Discover Financial Services fell$. 42 or. 7 percent, to $60.45.

  • Early Glance: Credit Card companies Wednesday, 21 Jan 2015 | 10:45 AM ET

    American Express Co. fell$. 04 or percent, to $87.22. Capital One Financial Corp. fell$. 08 or. 1 percent, to $77.31. Visa Inc. fell$. 04 or percent, to $256.80.

  • Final Glance: Credit Card companies Tuesday, 20 Jan 2015 | 6:35 PM ET

    American Express Co. rose $1.22 or 1.4 percent, to $87.26. Capital One Financial Corp. rose$. 74 or 1.0 percent, to $77.39. Discover Financial Services rose$. 70 or 1.2 percent, to $60.87.

  • NEW YORK— Outerwall Inc., which owns the Redbox DVD rental service and Coinstar coin-counting machines, said Tuesday that its CEO has resigned and a board member will serve as interim CEO while the company seeks a successor. Outerwall said its CEO J. Scott Di Valerio has left the company. The company expects quarterly earnings per share of $2.40 to $2.52, compared...

  • Midday Glance: Credit Card companies Tuesday, 20 Jan 2015 | 1:33 PM ET

    American Express Co. rose$. 75 or. 9 percent, to $86.79. Capital One Financial Corp. rose$. 47 or. 6 percent, to $77.12. Discover Financial Services rose$. 34 or. 6 percent, to $60.51.

  • Early Glance: Credit Card companies Tuesday, 20 Jan 2015 | 10:33 AM ET

    American Express Co. rose$. 58 or. 7 percent, to $86.62. Capital One Financial Corp. rose$. 01 or percent, to $76.66. Discover Financial Services rose$. 45 or. 7 percent, to $60.62.

  • Final Glance: Credit Card companies Friday, 16 Jan 2015 | 6:19 PM ET

    American Express Co. rose$. 16 or. 2 percent, to $86.04. Capital One Financial Corp. fell$. 30 or. 4 percent, to $76.65. Discover Financial Services rose$. 07 or. 1 percent, to $60.17.

  • Jan 16- Two online payday lending companies linked to a professional racecar driver have agreed to pay a record $21 million to resolve charges by U.S. regulators that they engaged in deceptive practices, the Federal Trade Commission said on Friday. The settlement with Kansas- based AMG Services Inc, which serviced the loans, and MNE Services Inc, which lent to...

  • Midday Glance: Credit Card companies Friday, 16 Jan 2015 | 1:18 PM ET

    American Express Co. rose$. 04 or percent, to $85.92. Capital One Financial Corp. fell$. 32 or. 4 percent, to $76.63. Discover Financial Services fell$. 76 or 1.3 percent, to $59.34.

  • WASHINGTON, Jan 16- The U.S. Fed Chair Janet Yellen and other Fed officials have met with these groups from late last year to hear their concerns, a departure from the practice of previous central bank leaders. A provision to permanently establish a seat at the Fed board for a person with community banking experience awaits the signature of President Barack Obama,...

  • Early Glance: Credit Card companies Friday, 16 Jan 2015 | 10:13 AM ET

    American Express Co. fell$. 52 or. 6 percent, to $85.36. Capital One Financial Corp. fell$. 63 or. 8 percent, to $76.32. Discover Financial Services fell$. 57 or. 9 percent, to $59.54.

  • Fed to launch community advisory council Friday, 16 Jan 2015 | 10:00 AM ET

    WASHINGTON, Jan 16- The U.S. Federal Reserve announced on Friday it will establish a community advisory council of 15 citizens to meet regularly with central bank officials for a broad conversation on the state of the economy. In a statement, the Fed said the panel will have "a particular focus on the concerns of low- and moderate-income populations."

  • Final Glance: Credit Card companies Thursday, 15 Jan 2015 | 6:08 PM ET

    American Express Co. fell $1.19 or 1.4 percent, to $85.88. Capital One Financial Corp. rose$. 20 or. 3 percent, to $76.95. Discover Financial Services fell $1.02 or 1.7 percent, to $60.10.

  • Midday Glance: Credit Card companies Thursday, 15 Jan 2015 | 1:59 PM ET

    American Express Co. fell$. 30 or. 3 percent, to $86.77. Capital One Financial Corp. rose$. 16 or. 2 percent, to $76.91. Discover Financial Services fell$. 24 or. 4 percent, to $60.88.

  • Early Glance: Credit Card companies Thursday, 15 Jan 2015 | 11:00 AM ET

    American Express Co. rose$. 24 or. 3 percent, to $87.31. Capital One Financial Corp. rose$. 61 or. 8 percent, to $77.36. Discover Financial Services rose$. 17 or. 3 percent, to $61.29.

  • WASHINGTON, Jan 14- The head of the U.S. Chamber of Commerce charged on Wednesday that Senator Elizabeth Warren and other backers of what he called "economic populism" were actually seeking a state-run economy. Thomas Donohue, the chamber's president and a top business lobbyist, said he did not think most Americans shared the views of Warren, a liberal Democrat and...

  • Jan 14- Wells Fargo& Co, the fourth largest U.S. bank by assets, reported a slight increase in quarterly profit on Wednesday as it earned more from credit cards and corporate loans. Credit cards, one of Wells Fargo's major areas of expansion, were a bright spot as fees rose 12 percent to $925 million in the fourth quarter. Commercial and industrial loans jumped 15...

  • UPDATE 3-Wells Fargo profit rises on higher loan growth Wednesday, 14 Jan 2015 | 10:40 AM ET

    Jan 14- Wells Fargo& Co, the fourth largest U.S. bank by assets, reported a slight increase in quarterly profit on Wednesday as it earned more from credit cards and corporate loans. Credit cards, one of Wells Fargo's major areas of expansion, were a bright spot as fees rose 12 percent to $925 million. Commercial and industrial loans jumped 15 percent to $271.8 billion,...