American Express
Company
American Express sees Argentine spending up 10 pct...expected to increase at least 10 percent next year as consumer activity rebounds in Latin America's No. 3 economy, American Express Co <AXP.N> said on Thursday. "We'll have near double-digit growth," Jose Maria Zas, the company's president... In this article: American Express Co, Argentina, Latin America, Caribbean, and United States |
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washingtonpost.com | 3 days ago
American Express Is Twitter Crazy Too. Unveils Its Small Business Tweet Stream.
...to be a part of its own business model launching soon. In the meantime, other companies continue to jump into the ring. The lastest is American Express, which today unveiled Pulse, a Twitter stream focused on small businesses. Pulse, which...
In this article: Twitter, Small business, and Federated Media
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Sydney Morning Herald - Business | 6 days ago
American Express takes aim at PayPal with Revolution
With its deal to buy Revolution Money, American Express is taking aim at the growing market for online and alternative payments, in a challenge to recognized leader PayPal, analysts say. The financial services giant announced plans...
In this article: PayPal, Revolution Money, Kenneth Chenault, Steve Case, Peer-to-peer, Google Checkout, and Forrester Research
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Reuters | November 19, 2009
UPDATE 1-American Express launches consulting division
* Company will use data from 90 mln cards in 127 countries * New division will identify spending patterns American Express Co <AXP.N>, the largest U.S. credit card lender by purchases volume, launched a consulting division to provide...
In this article: American Express Co, Visa Inc, and U.S.
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washingtonpost.com | November 18, 2009
American Express to enter market for online payments
American Express on Wednesday said it had agreed to buy the online person-to-person payment provider Revolution Money for $300 million, the latest move by one of the credit card giants to add a service that has been increasingly in demand by...
In this article: Revolution Money, PayPal, Customer, Visa, Ted Leonsis, AOL, MasterCard, Steve Case, and Mobile banking
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AP Online | November 18, 2009
American Express to buy Revolution Money for $300M
BOSTON (AP) - American Express Co. is buying Revolution Money for about $300 million to keep up with trends in electronic payments, where new security features and online transaction options are shaking up traditional models. Wednesday's...
In this article: Revolution Money, Customer, Revolution LLC, Ted Leonsis, Kenneth Chenault, AOL, and FDIC
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washingtonpost.com | November 18, 2009
American Express to buy Case's Revolution Money
ST PETERSBURG, Fla. -- American Express Co. said Wednesday that it will buy Revolution Money for about $300 million in an effort to stay current with ever-changing technology in the marketplace. Revolution Money, which was established by...
In this article: Revolution Money, American Express Co., Steve Case, Revolution LLC, Ted Leonsis, AOL, Kenneth I. Chenault, and Florida
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Reuters | November 18, 2009
American Express buys payments company
American Express Co <AXP.N> agreed to acquire Internet-based payment platform Revolution Money for $300 million, the credit card company and network said on Wednesday. Revolution Money, launched by AOL co-founder Steve Case's Revolution...
In this article: American Express Co, Revolution Money, Revolution LLC, AOL, Steve Case, and New York
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Reuters | November 18, 2009
UPDATE 1-American Express buys payments company
* American Express says deal valued at $300 mln * Revolution Money was launched in 2007 American Express Co <AXP.N> agreed to acquire Internet-based payment platform Revolution Money for $300 million, the credit card company and network...
In this article: Revolution Money, Revolution LLC, AOL, Steve Case, and New York
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Reuters | November 16, 2009
American Express seeks to build up retail bank
...$10 billion mark in less than four years, American Express CFO Dan Henry said at the Reuters Global Finance Summit in New York. American Express collects deposits through brokers, but is looking to increasingly collect deposits directly...
In this article: Troubled Asset Relief Program, Credit crunch, and New York
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More on American Express
Description from Wikipedia:
American Express Company (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company that is headquartered in New York City, New York. Founded in 1850, the company also has major offices in Fort Lauderdale, Florida; Salt Lake City, Utah; Greensboro, North Carolina; Phoenix, Arizona; Sydney, Australia; Markham, Canada; and Brighton, United Kingdom. The company is best known for its credit card, charge card, and traveler's cheque businesses.
The company's common stock trades on the New York Stock Exchange under the ticker symbol "AXP." It is one of the 30 components of the Dow Jones Industrial Average. In 2007, BusinessWeek and Interbrand ranked American Express as the fourteenth most valuable brand in the world, estimating it to be worth US$20.87 billion.
On November 10, 2008, during the financial crisis of 2008, the company won Federal Reserve System approval to convert to a bank holding company, making it eligible for government help under the Troubled Assets Relief Program. At that time, American Express had total consolidated assets of about $127 billion.
American Express's chief executive officer is Kenneth Chenault, who took over in 2001.
- Name:
- American Express Company
- Type:
- Public (NYSE: AXP)
- Location:
- New York City, New York, United States
- Region:
- Worldwide
- Founded:
- 1850
- Stock Symbol:
- AXP
- Industry:
- Finance, insurance, and travel agencies
- Key People:
- Kenneth Chenault
- Products:
- Financial and travel services
- Revenue:
- US$31.557 billion (2007)
- Operating Income:
- US$5.566 billion (2007)
- Net Income:
- US$4.012 billion (2007)
- Assets:
- US$149.830 billion (2007)
- Equity:
- US$11.029 billion (2007)
- No. of Employees:
- 67,700 (2008)
- Motto:
- Are You A Cardmember?
- Market Cap:
- US$41.13 billion (2008)
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