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American Express Co

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  • Stocks wobble after Amex earnings, jobless claims Thursday, 18 Oct 2012 | 10:23 AM ET

    NEW YORK-- The stock market headed slightly lower on Thursday, following a leap in claims for unemployment benefits and weak results from American Express. The increase suggested that layoffs were increasing, however the Labor Department noted that there were technical reasons behind the swing, mainly delayed figures from one large state, California.

  • American Express Q3 Earnings Meets Estimates     Thursday, 18 Oct 2012 | 6:20 AM ET

    David Darst, Guggenheim Securities managing director, breaks down the numbers on the company's third quarter earnings, and why he downgraded AXP to "Neutral."

  • News Summary: American Express profit rose in 3Q Wednesday, 17 Oct 2012 | 8:51 PM ET

    THE RESULTS: American Express' net income rose 1 percent in the third quarter to $1.25 billion, or $1.09 per share. That compares with net income of $1.24 billion, or $1.03 per share, in the same quarter last year. BAD LOANS: American Express' delinquency rate was flat compared to the second quarter.

  • On the Call: American Express CFO Dan Henry Wednesday, 17 Oct 2012 | 8:21 PM ET

    American Express Co. launched a digital payments platform last year aimed at competing with bank debit cards and other prepaid cards. The program, dubbed Serve, allows customers to open an online prepaid account that can be funded using a bank account, an American Express card or another credit card.

  • Winning Plays in Sports Stocks     Wednesday, 17 Oct 2012 | 5:30 PM ET

    CNBC's Mary Thompson reports on the details from American Express' conference call; and Nike, RadioShack and Anheuser-Busch are all announcing that they are cutting ties with cyclist Lance Armstrong, with Mellody Hobson, Ariel Investments president.

  • Target to Match Online Pricing     Wednesday, 17 Oct 2012 | 4:31 PM ET

    Discussing whether Target's latest move will be good or bad for the company's margins, with CNBC's Courtney Reagan & Herb Greenberg, and Burt Flickinger, Strategic Resource Insight Group.

  • American Express profit inches higher in 3Q Wednesday, 17 Oct 2012 | 4:21 PM ET

    LOS ANGELES-- American Express Co. said Wednesday that its net income rose 1 percent in the third quarter, aided by lower expenses and increased spending by the credit card issuer's customers. In the second quarter, American Express' revenue grew 5 percent from a year earlier.

  • BB&T to create 1,700 jobs near Greensboro, NC Wednesday, 17 Oct 2012 | 12:42 AM ET

    WINSTON-SALEM, N.C.-- BB&T Corp. says it will create 1,700 new jobs over five years in a large back-office operation near Piedmont Triad International Airport. The bank said Tuesday that it has signed a seven-year sublease to take over a former American Express Co. call center in Greensboro.

  • News Summary: Stocks rise on Tuesday Tuesday, 16 Oct 2012 | 3:44 PM ET

    ANOTHER UP DAY: Stocks rose for the second day in a row, helped by stronger-than-expected earnings from companies including Mattel and Goldman Sachs. ECONOMIC NEWS: The government said September inflation was low, with most increases because of gasoline prices, which have come down since then.

  • Earnings schedule for week of 10/15/2012 Friday, 12 Oct 2012 | 6:30 PM ET

    Citigroup Inc. reports quarterly financial results. CSX Corp. reports quarterly financial results. Intel Corp. reports quarterly financial results.

  • U.S. companies as diverse as chipmaker Intel Corp and printer Quad/Graphics Inc have opened in-house health clinics with doctors, nurses and even dentists to diagnose suspicious symptoms, write prescriptions and more. "We were beginning to see... growing chronic conditions in our population," says Tami Graham, director of global benefits for Intel. "

  • The doctor (in the next cubicle) will see you now Tuesday, 9 Oct 2012 | 11:00 AM ET

    U.S. companies as diverse as chipmaker Intel Corp and printer Quad/Graphics Inc have opened in-house health clinics with doctors, nurses and even dentists to diagnose suspicious symptoms, write prescriptions and more. "We were beginning to see... growing chronic conditions in our population," says Tami Graham, director of global benefits for Intel. "

  • Why Wal-Mart Is No Bank of America Tuesday, 9 Oct 2012 | 10:51 AM ET

    The U.S. banking quadropoly of Bank of America, Citigroup, Wells Fargo, and JPMorgan Chase has worn out its welcome with the public, but don't look for Amazon, Google, or even Wal-Mart Stores to offer a meaningful alternative.

  • PRESS DIGEST - Wall Street Journal - Oct 9 Tuesday, 9 Oct 2012 | 2:14 AM ET

    Oct 9- The following are the top stories in the Wall Street Journal on Tuesday. *BP Plc said Monday it has sold the large Texas City refinery, scene of a fatal industrial accident in 2005, to Marathon Petroleum Corp in a deal worth up to $2.5 billion.

  • PRESS DIGEST-New York Times business news - Oct 9 Tuesday, 9 Oct 2012 | 2:08 AM ET

    *The International Monetary Fund is cutting its global economic forecasts yet again, calling the risks of a slowdown "alarmingly high", primarily because of policy uncertainty in the United States and Europe.

  • CINCINNATI, Oct 9- Procter& Gamble Co's CEO stood behind the company's plan for increasing profit and sales at a drama-free annual meeting notable for the absence of William Ackman, the activist investor who has pushed hard for change in recent months at the world's largest maker of household products.

  • McKinsey casts gloomy eye on world banking Monday, 8 Oct 2012 | 8:01 PM ET

    *Few banks earn their costs of capital. NEW YORK, Oct 8- Banks worldwide remain scarred by the 2007-2009 financial crisis and are years away from developing new business models that will produce sustainable profits, according to a new study. "It's the banks' game to lose," Toos Daruvala, a McKinsey director who helped write the report, told Reuters.

  • *Bluebird card available next week at Walmart stores, online. *Amex gets access to 4,000 stores, spending by underbanked* Wal-Mart brings low pricing to card accounts* Average American pays $200 annually in fees* Shares of rival card companies NetSpend, Green Dot tank.

  • *Bluebird card available next week at Walmart stores, online. *Amex gets access to 4,000 stores, spending by under-banked* Wal-Mart brings low-pricing to card accounts* Average American pays $200 annually in fees* Shares of rival card companies NetSpend, Green Dot tank By Martinne Geller and David Henry.

  • *Bluebird card available next week at Walmart stores, online. *Amex gets access to 4,000 stores, spending by under-banked* Wal-Mart brings low-pricing to card accounts* Average American pays $200 annually in fees* Shares of rival card companies NetSpend, Green Dot tank By Martinne Geller and David Henry.