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Thomson ReutersAmerican Express and american express corporate cards are pictured in Encinitas (Reuters) - American Express Co is raising interest rates for over 1 million cardholders for the first time in more than five years, Bloomberg reported. At Insider Monkey we follow the investment picks of 59 billionaires every quarter after they submit their 13F filings to gain an insight into which way the wind is blowing on Wall Street according to these professional money managers. After analysing these American Express Company (NYSE:AXP) was found guilty of violating anti-trust laws in the US last Thursday. According to the ruling by US District Judge Nicholas G. Garaufis, the company was found guilty of restricting merchants from steering consumers to American Express Company (NYSE:AXP) insider Josh Silverman sold 36,069 shares of the stock on the open market in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $82.89, for a total transaction of $ American Express Company (NYSE:AXP) was upgraded by stock analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a report issued on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $90.00 price target on the stock, up to appeal the court ruling and argued that its merchant rules protect card members from anti-consumer practices American Express Company (NYSE:AXP) lost its legal battle against the United States Department of Justice (DOJ) related to its merchant rules. .
Kenneth Chenault rolled the dice and lost. The longtime chief executive of American Express Co. refused for years to settle an antitrust case with the U.S. government, vowing to fight even as the company’s top rivals cut deals. On Thursday, a U.S NEW YORK, Feb. 25, 2015 /PRNewswire-USNewswire/ -- The Women Presidents' Organization (WPO) has today announced American Express Global Corporate Payments as the exclusive corporate sponsor of WPO's eighth annual Fifty Fastest Growing Women-Led/Owned 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 .
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