Advertisement
YOU ARE HERE: LAT HomeCollectionsAmerican Express Co
IN THE NEWS

American Express Co

BUSINESS
June 10, 2000 | Associated Press
American Express Co., the international banking company best known for its credit card and travel businesses, has obtained permission to operate a federally insured savings bank specializing in trust services. The Office of Thrift Supervision, part of the Treasury Department, announced its approval for American Express to open the bank, to be named American Express Personal Trust Services, or AMEX Bank.
Advertisement
BUSINESS
October 6, 1999 | Bloomberg News, Reuters
Online brokerages are fighting for customers in a crowded marketplace, and now one unlikely contender is raising the stakes by promoting the ultimate teaser--free stock trading. Financial services powerhouse American Express Co., which stumbled with its first foray into online trading in 1996, started a fresh price war Tuesday, announcing a plan to offer free Web trading starting later this fall to investors with more than $100,000 in their accounts.
BUSINESS
September 10, 1999 | Reuters
American Express Co. is launching a credit card, called Blue, with features designed to make shopping over the Internet more secure. The Blue card has a traditional magnetic stripe for shopping in stores, and it also has a so-called smart chip that will hold personal information, such as shipping addresses and account data, that a cardholder can give online merchants in a secure manner.
BUSINESS
August 12, 1999 | Associated Press
Costco Cos. and American Express have teamed up to issue co-branded credit cards that offer cash rebates at Costco's warehouse discount stores. Starting in November, consumers with qualifying credit histories can buy American Express cards that double as Costco membership cards, the companies said. Businesses with Costco accounts will be able to obtain corporate cards.
BUSINESS
July 27, 1999 | From Times Wire Services
EBay Inc. reported a better-than-expected profit for the second quarter as revenue more than doubled, despite repeated troubles with the online auctioneer's computer server that stymied would-be bidders. EBay said its profit before merger- and compensation-related expenses was $5.1 million, or 4 cents a share, down slightly from $5.2 million, or 5 cents, a year earlier. Revenue soared to $49.5 million from $19.5 million.
BUSINESS
June 18, 1999 | MARC BALLON, Marc Ballon covers small business and entrepreneurial issues for The Times. He can be reached at (714) 966-7439 and at marc.ballon@latimes.com
Small business owners have long relied on credit cards to help finance their fledgling ventures, only to drown under the weight of humongous interest payments. A little relief is on the way. The American Express Co. has introduced an Optima Card for small businesses with a 9.99% interest rate, down from 15.9%.
BUSINESS
April 27, 1999 | From Bloomberg News
American Express Co. Chairman and Chief Executive Harvey Golub said Monday that he'll retire in two years, speeding Ken Chenault's ascension to the top of the world's biggest charge card issuer and travel agency. Chenault, 47, currently president and chief operating officer, will take over in April 2001, three years earlier than expected, putting an African American CEO at the helm of a Dow Jones industrial average member company.
Los Angeles Times Articles
|