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Tag Archives: American Express

Overnight Market News – June 5, 2009

05-Jun-09

General Motors Corp Reaches Preliminary Agreement to Sell Saturn to Penske Automotive Group
Apple Inc Chief Executive, Steve Jobs On-Track to Return to Company as it Unveils New iPhone
US Unemployment Report for May to be Released at 7:30 am, Unemployment Rate Forecasted at 9.2%
US Regulators Dismiss Objections from JPMorgan Chase & Co, American Express Co Insisting [...]

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Financial News Summary – May 19, 2009

19-May-09

- American Express to Slash 6% of Global Workforce
- US Housing Starts, Building Permits Sink to Record Lows
- Home Depot Sees Better-than-Expected First Quarter

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Overnight Market News – May 19, 2009

19-May-09

US Banks Including Goldman Sachs Group Inc, Morgan Stanley Apply to Repay TARP Funds
American Express Co to Cut 4,000 Jobs or 6% of Workforce As More Customers Default in Slumping Economy
World Bank Says Pace of Global Economic Contraction Slowing, Recovery Could Begin at End of 2009
Mobile Phone Company Vodafone to Accelerate GBP 1B Cost-Cutting Plan
Mitsubishi [...]

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AMEX Looks To Repay TARP funds

09-May-09

After acing the U.S. Government’s stress tests, American Express (AMEX) gave investors more good news yesterday – while many of its rivals scramble to raise fresh capital, AMEX became the first major financial institution to make a formal request to repay US$ 3.4B in TARP (Troubled Asset Relief Program) funds.
Though AMEX is not sure when [...]

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Overnight Market News – May 8, 2009

08-May-09

US “Stress Tests” Show 10 of 19 Largest Banks to Need USD 74.6B Cushion to Withstand a Deeper Recession
Toyota Motor Corp Posts Net Loss of USD 6.9B for Q04 2008/2009 through March, Cuts Dividend
American Express Co Requests Permission to Repay USD 3.4B in Troubled Asset Relief Programme (TARP) Funds After Stress Tests
Royal Bank of Scotland [...]

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