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Stock Market & Financial Investment News

News Breaks
July 31, 2014
08:51 EDTV, AXP, MAAmerican Express CEO takes stand in antitrust suit, defends practices, WSJ says
American Express (AXP) CEO Kenneth Chenault took the witness stand as part of a lawsuit that the Justice Department filed against the company in 2010 that contends that its rules for merchants inhibit competition with peers Visa (V) and MasterCard (MA), reported The Wall Street Journal, which noted that Chenault stated that the "most damaging thing that can happen to the American Express brand is when our card members are discriminated against at the point of sale" in the company's defense. Reference Link
News For AXP;V;MA From The Last 14 Days
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April 17, 2015
15:39 EDTV, AXPCostco deal with Visa, Citi has 'near zero' acceptance costs, Bloomberg says
Costco’s (COST) acceptance costs will be near zero under the terms of its new deal with Visa (V) and Citigroup (C), compared to the roughly 0.6% of each transaction it currently pays to incumbent card partner American Express (AXP), reported Bloomberg, citing people familiar with the deal. Reference Link
10:31 EDTAXPAmerican Express hits a fresh 52-week low after results, levels to watch
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09:36 EDTAXPActive equity options trading on open
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April 16, 2015
16:15 EDTAXPAmerican Express reports Q1 ROE 29%, up from 28.3% a year ago
16:15 EDTAXPAmerican Express says Q1 results negatively affected by stronger U.S. dollar
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16:05 EDTAXPAmerican Express expects FY15 EPS flat to modestly down, consensus $5.48
The company said, “As previously reported, we expect full year 2015 earnings will be flat to modestly down year-over-year with the headwinds we’re facing and as we ramp up investments to help offset the impact from ending our relationship with Costco in the U.S. next year. Looking further ahead, we have a range of growth opportunities across the business and continue to be very positive about the moderate to long term outlook for our company.”
16:03 EDTAXPAmerican Express reports Q1 provisions for losses totaled $420M
Consolidated provisions for losses totaled $420M, down 13% from $485M a year ago. The decrease primarily reflected a larger reserve release this quarter compared to last year. Credit indicators continued to be at historically strong levels.
16:02 EDTAXPAmerican Express reports Q1 EPS $1.48, consensus $1.37
Reports Q1 revenue $7.95B, consensus $8.21B.
15:23 EDTAXPNotable companies reporting after market close
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13:58 EDTAXPEarnings Watch: American Express to report results amid headwinds, controversy
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05:08 EDTAXPAmerican Express announces partnership with Jawbone
American Express and Jawbone announced a new partnership giving eligible U.S. American Express Card Members the ability to tap to pay with the new Jawbone UP4 fitness tracker anywhere American Express contactless payments are accepted in the U.S. This partnership and product launch marks the first time consumers can use a wearable fitness tracker with an embedded NFC chip for Amex payments, redefining what is possible with a 24/7 activity tracker.
April 15, 2015
17:32 EDTMAMasterCard reaches agreement with Target to resolve claims
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12:18 EDTAXPAmerican Express reports March net write-off rate 1.5% vs. 1.5% last month
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08:07 EDTMAMeta Financial added as partner of Univision MasterCard prepaid card
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05:10 EDTVHP selects Antonio Lucio as Chief Marketing Officer of HP Inc.
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April 14, 2015
18:41 EDTV, MATarget close to $20M settlement with MasterCard over data breach, WSJ says
According to people familiar with the negotiations, Target (TGT) is approaching a settlement with MasterCard (MA) to reimburse financial institutions roughly $20M for costs they incurred from the retailer’s massive data breach in 2013, The Wall Street Journal reports. Target is negotiating a separate settlement with Visa (V), according to sources, WSJ added. Reference Link
18:17 EDTMATarget close to $20M settlement with MasterCard over data breach, DJ says
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16:36 EDTVVisa announces resignation of Chief Brand Officer Antonio Lucio
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12:09 EDTMA, V, AXPAmEx to team up with Jawbone for payments via fitness bands, WSJ reports
American Express is planning to team up with Jawbone to allow AmEx cardholders to make purchases via their fitness bands at certain merchants, The Wall Street Journal reports, citing sources familiar with the matter. A source says that the payment mechanism is not expected to be part of Jawbone's UP3, which will begin shipping this month, but will be available on a future offering. It is unclear whether Jawbone will expand the program to accept payments processed by MasterCard (MA) and Visa (V). Reference Link
09:02 EDTMAProPay adds MasterCard MasterPass checkout service
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