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american express company (NYSE:AXP) violated U.S. antitrust law by preventing merchants from encouraging customers to use other forms of payment, including lower-cost credit cards, a federal judge ruled Thursday. The ruling is the second major setback american express company (NYSE:AXP) is once again increasing annual rates on more than one million credit cards, reported Bloomberg. The company had about 42.6 million of its basic cards in circulation at the end of 2014 and hence the recent announcement American Express refused to settle, and the issue went to trial last summer. The company argued at trial that merchants could discriminate against AmEx cardholders due to the higher fees and also argued that, as the third-largest payment network American Express Co., the lender that lost one of its biggest retailer partnerships and suffered a defeat in an antitrust lawsuit this month, is raising interest rates on a swath of credit cards for the first time in more than five years. AmEx told more The shock jock, who earns an estimated $4 million-a-year submitted himself to a random wallet test conducted by his Kiis FM co-host Jackie O who rifled through his belongings to reveal he is not short of a few cents. Out fell the black American Express (Reuters) - American Express Co (>> american express company) is raising interest rates for a large number of its credit cards following a review that began a year ago, a company spokeswoman said. (Reuters) - American Express Co (>> American Express .
But analysts see plenty of avenues for growth. Like the American Express gladiator, the charge-card company’s leaders could use a good helmet these days. AmEx recently announced that its exclusive partnership with Costco Wholesale won’t be renewed when NEW YORK, N.Y. - 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 NEW YORK, Feb 19 (Reuters) - American Express Co violated U.S. antitrust law by prohibiting merchants from steering consumers to use lower-cost credit cards, a federal judge ruled on Thursday, in the company's second major setback this month. The decision Shares of American Express Company (NYSE:AXP) finished the day in the black Tuesday after an initial selloff. AXP stock has been in a defined downtrend since January, and with Tuesday’s selling it bumped into a technical support area that could well lead .
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