New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 1, 2014
08:04 EDTAXPAmerican Express reports $900M capital infusion to Global Business Travel jv
Following the announcement that the joint venture for American Express Global Business Travel has been completed, the company announced new members of its executive team. In addition to the previous appointments of Greg O’Hara as Chairman of the Board and Bill Glenn as President and CEO, GBT has named Pat Bourke as Chief Administrative Officer, Norma Corio as CFO, and JoAnne Kruse as Chief Human Resources Officer. “With the creation of the joint venture and the infusion of $900 million of capital from our investors, we now have even greater resources that the marketplace requires to not only stay ahead of the curve, but to create the curve. For American Express Global Business Travel, technology is an area of investment, expertise and innovation, meeting the needs of the traveler and also offering control and transparency to the travel manager or meeting professional,” said Bill Glenn.
News For AXP From The Last 14 Days
Check below for free stories on AXP the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 30, 2014
07:12 EDTAXPAmerican Express names Neal Sample as president, Enterprise Growth
Subscribe for More Information
07:03 EDTAXPeBay says Dan Schulman to lead PayPal
Subscribe for More Information
07:02 EDTAXPeBay says Devin Wenig to become CEO of new eBay company
Devin Wenig, currently president of eBay Marketplaces, will become CEO of the new eBay (EBAY) company. As CEO of eBay, Wenig will lead the eBay Marketplaces and eBay Enterprise businesses. Revenue over the last twelve months1 for these two businesses grew approximately 10% year-over-year to $9.9 billion, with eBay Marketplaces accounting for about $8.7 billion. eBay Marketplaces and eBay Enterprise collectively handled approximately $85 billion of gross merchandise volume and gross merchandise sales, which grew 13 percent year over year. Scott Schenkel, currently the CFO of eBay Marketplaces will become the CFO of the new eBay company. Concurrent with the announcement of the business separation plan, the company also today announced the appointment of Dan Schulman to be President of PayPal, effective immediately, and CEO-designee of the standalone PayPal company following separation. Schulman joins PayPal from American Express (AXP), where he was president of the company’s Enterprise Growth Group. A seasoned leader in multiple industries, Schulman has held senior executive and CEO roles at AT&T, Priceline and Virgin Mobile, prior to joining American Express. Goldman, Sachs & Co. and Allen & Company LLC are serving as financial advisors and Wachtell, Lipton, Rosen and Katz is serving as legal counsel to eBay Inc.
September 29, 2014
07:25 EDTAXPOracle to hold a conference
Open World 2014 to be held in San Francisco on September 28-October 2.
September 25, 2014
08:00 EDTAXPBuy American Express and Bank of America into earnings, says Morgan Stanley
Morgan Stanley says to buy American Express (AXP) and Bank of America (BAC) going into Q3 earnings. The firm expects American Express to report accelerated credit card spending growth and views valuation as compelling and views Bank of America is a play on rising rates and improving expenses.
September 18, 2014
14:31 EDTAXPCapital One said to bump Amex as Costco Canada card issuer, Bloomberg says
Subscribe for More Information
14:14 EDTAXPCapital One said to replace American Express as Costco Canada card issuer
MasterCard said to be processor for new Costco Canada cards. Reported by Bloomberg.
11:53 EDTAXPCostco to stop accepting Amex cards in Canada on Jan 1, 2015 Globe and Mail says
Costco (COST) said it will not renew its credit card relationship with American Express (AXP) when it expires on December 31 of this year. Therefore, it will not accept Amex cards in Canada beginning January 1, 2015, The Globe and Mail reports. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use