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American Express Co

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  • NEW YORK, Feb 28- In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. Within 10 to 20 years, Buffett said, Berkshire's girth could require whoever then runs the Omaha, Nebraska- based company to consider steps...

  • In the 84- year-old's annual shareholder letter released on Saturday, Buffett said Berkshire has grown so large- 751,000 times its original net worth per share- that the future pace of gains "will not come close" to those of the past. "I think Berkshire will outperform the average American company, but our advantage, if any, won't be great." Buffett, also addressing one...

  • NEW YORK, Feb 28- In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. Within 10 to 20 years, Buffett said, Berkshire's girth could require whoever then runs the Omaha, Nebraska- based company to consider steps...

  • Feb 28- Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit declined 17 percent as investment gains declined, but operating results improved. Net income fell to $4.16 billion, or $2,529 per Class A share, from $4.99 billion, or $3,035 per share, a year earlier. Quarterly operating profit rose 5 percent to $3.96 billion, or $2,412 per...

  • Final Glance: Credit Card companies Friday, 27 Feb 2015 | 6:02 PM ET

    American Express Co. fell $1.66 or 2.0 percent, to $81.59. Capital One Financial Corp. fell$. 44 or. 6 percent, to $78.71. Discover Financial Services fell$. 28 or. 5 percent, to $60.98.

  • Midday Glance: Credit Card companies Friday, 27 Feb 2015 | 1:25 PM ET

    American Express Co. fell $1.08 or 1.3 percent, to $82.17. Capital One Financial Corp. fell$. 03 or percent, to $79.12. Discover Financial Services fell$. 05 or. 1 percent, to $61.21.

  • Early Glance: Credit Card companies Friday, 27 Feb 2015 | 11:10 AM ET

    American Express Co. fell$. 69 or. 8 percent, to $82.56. Capital One Financial Corp. fell$. 03 or percent, to $79.12. Discover Financial Services rose$. 13 or. 2 percent, to $61.39.

  • Final Glance: Credit Card companies Thursday, 26 Feb 2015 | 6:02 PM ET

    American Express Co. rose $1.08 or 1.3 percent, to $83.25. Capital One Financial Corp. fell$. 51 or. 6 percent, to $79.15. Discover Financial Services rose$. 13 or. 2 percent, to $61.26.

  • NEW YORK— American Express will increase the annual fee on some of its most popular charge cards, the company said Thursday, but the company also increased some of those cards' benefits as well. It's the latest move by American Express to strike a balance between keeping its loyal, mostly affluent customer base, but at the same also raise revenue when the company is...

  • Midday Glance: Credit Card companies Thursday, 26 Feb 2015 | 1:19 PM ET

    American Express Co. rose $1.14 or 1.4 percent, to $83.31. Capital One Financial Corp. fell$. 49 or. 6 percent, to $79.17. Discover Financial Services rose$. 05 or. 1 percent, to $61.18.

  • Early Glance: Credit Card companies Thursday, 26 Feb 2015 | 10:35 AM ET

    American Express Co. rose$. 53 or. 6 percent, to $82.70. Capital One Financial Corp. fell$. 18 or. 2 percent, to $79.48. Discover Financial Services rose$. 08 or. 1 percent, to $61.21.

  • Early movers: SHLD, KSS, DNKN, TMUS, C & more Thursday, 26 Feb 2015 | 8:04 AM ET

    Some of the names on the move ahead of the open.

  • AmEx business model is 'broken': Strategist Wednesday, 25 Feb 2015 | 4:38 PM ET
    A pedestrian walks past an American Express Travel Services office in San Francisco.

    Recent hits to American Express highlight its flaws, a market strategist said, but another pro sees opportunity in its struggles.

  • Midday Glance: Credit Card companies Wednesday, 25 Feb 2015 | 1:18 PM ET

    American Express Co. rose $1.18 or 1.5 percent, to $82.04. Capital One Financial Corp. fell$. 42 or. 5 percent, to $80.08. Discover Financial Services rose$. 16 or. 3 percent, to $60.92.

  • NEW YORK— American Express increased interest rates on some of its credit card accounts by an average of 2.5 percentage points in recent weeks, a spokeswoman for the company said Wednesday. American Express had been charging a lower interest rate, as much as 3.25 percentage points, on its credit cards compared with rates its competitors charge for customers...

  • Early Glance: Credit Card companies Wednesday, 25 Feb 2015 | 11:23 AM ET

    American Express Co. rose$. 28 or. 3 percent, to $81.14. Capital One Financial Corp. fell$. 24 or. 3 percent, to $80.26. Discover Financial Services fell$. 16 or. 3 percent, to $60.60.

  • Feb 25- American Express Co is raising interest rates for a large number of its credit cards following a review that began a year ago, a company spokeswoman said. The company sent letters to its cardholders saying it is making adjustments after finding its rates were below those of rival cards, Bloomberg earlier reported, citing a copy of the letter.

  • American Express to raise credit card rates - Bloomberg Wednesday, 25 Feb 2015 | 6:08 AM ET

    Feb 25- American Express Co is raising interest rates for over 1 million cardholders for the first time in more than five years, Bloomberg reported. American Express told customers this month that their annual rates will rise an average of 2.5 percentage points to at least 12.99 percent following a review last year, Bloomberg reported, citing people briefed on...

  • Final Glance: Credit Card companies Tuesday, 24 Feb 2015 | 6:02 PM ET

    American Express Co. rose$. 56 or. 7 percent, to $80.86. Capital One Financial Corp. rose$. 44 or. 5 percent, to $80.50. Discover Financial Services rose$. 13 or. 2 percent, to $60.76.

  • Midday Glance: Credit Card companies Tuesday, 24 Feb 2015 | 1:17 PM ET

    American Express Co. rose$. 96 or 1.2 percent, to $81.26. Capital One Financial Corp. rose$. 49 or. 6 percent, to $80.55. Discover Financial Services rose$. 17 or. 3 percent, to $60.80.