American Express increased interest rates on some of its credit card accounts by an average of 2.5 percentage points in recent weeks, a spokeswoman for the company said Wednesday. Spokeswoman Elizabeth Crosta declined to say how many of its roughly 42 American Express ended its co-branding agreement with Costco earlier this month. Wall Street analysts were disappointed at the loss of the deal, which was followed by more bad news for the company, including a rate hike on over 1 million cards and the 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) 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 $ In a research note published Thursday, Deutsche Bank upgraded American Express Company (NYSE:AXP) stock from a Hold to Buy rating, and increased its price target on the stock from $88 to $90. The sell-side firm believes that the company will be able to In case the Oscars weren’t star-studded enough, American Express Co. will roll out a new ad campaign during the Academy Awards featuring the likes of Aretha Franklin and Mindy Kaling. The credit card giant will debut four 30-second heart-felt ads .
If you're pulling out your personal American Express card to pay for business expenses, you may want to reconsider. Bloomberg reported this morning that rates are jumping to 12.99 for many cardholders because American Express found out it was charging too 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 competitive 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 Many UK businesses are suspending decision-making until after the General Election A survey by American Express, investigating business behaviour amongst UK mid-sized companies during the UK's pre-election period, has revealed that while they are firmly .
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