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American Express has failed to renew key partnerships with Costco and JetBlue and may be facing a court case, but the company hopes a renewed focus on wealthy clients will help turn things around, the New York Times reports. NEW YORK — American Express violated antitrust laws by barring merchants “Every day, merchants make their vendors compete for their business and, hopefully, drive down prices. That type of competition does not exist at all in the payment industry Interest rates on some American Express credit cards will be increasing but AmEx declined to provide a specific figure. "As a normal part of business, we looked at our portfolio," said Crosta. "We found that we had APRs that were significantly lower NEW YORK--(BUSINESS WIRE)-- American Express (NYSE:AXP) issued the following statement today regarding a federal court’s ruling in the U.S. Department of Justice lawsuit: “American Express is disappointed in the court’s ruling, which we believe will American Express plans to appeal the decision "Every day merchants make their vendors compete for their business and, hopefully, drive down prices. That type of competition does not exist at all in the payment industry," said Jeffrey Shinder, an NEW YORK • American Express violated U.S. antitrust laws by barring merchants from asking customers to use one credit card over another, a federal judge ruled Thursday. The case was a major blow to American Express, who argued that its policies kept it .
--Appoints Evan Konwiser Vice President, Digital Traveler and Christophe Tcheng Vice President, Core Products and Platform Architecture -- NEW YORK & LONDON--(BUSINESS WIRE)-- American Express Global Business Travel (“GBT”) is continuing to grow its .
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