Author Archive
American Express to Participate in U.S. Treasury’s Capital Purchase Program
NEW YORK, December 23, 2008 — American Express announced today the United States Department of Treasury has provided preliminary approval for the company to participate in the Treasury’s Troubled Asset Relief Program Capital Purchase Program. American Express expects to issue and sell to the Treasury preferred stock of approximately $3.39 billion and warrants to [...]
J.P. Morgan to Acquire UBS’ Canadian Energy and Global Agricultural Businesses
New York, December 22, 2008 - J.P. Morgan announced today that it will acquire UBS Commodities Canada Ltd., the Canadian energy operations of UBS AG, as well as the firm’s global agricultural business. Terms of the acquisitions, which are expected to close during the first quarter of 2009, were not disclosed.
With operations and [...]
Chase donates $780,000+ to help youth, workers in 2 Detroit neighborhoods
Detroit, Dec. 17, 2008-Striving to help Detroit’s youth and workforce succeed in the 21st century, Chase this month is making more than $780,000 in grants to 10 non-profit groups in two Detroit neighborhoods.
The Chase grants will support educational, community development and arts and culture programs mostly in Detroit’s North End and Southwest neighborhoods.
“Chase can make [...]
Delta and American Express Announce Multiyear Extension for Co-Branded SkyMiles Credit Card
Agreement provides Delta with more than $2 billion in combined incremental liquidity and contract enhancements
Agreement to result in expanded opportunities for American Express across Co-brand credit card, Membership Rewards, merchant services and travel
ATLANTA and NEW YORK, December 09, 2008 — Delta Air Lines (NYSE: DAL) and American Express (NYSE: AXP) today announced a multiyear extension [...]
American Express Spreads Holiday Deals with Return of My WishList
Holiday e-tail site offers dream products and experiences, including giveaway of three Mercedes GLK 350s, dinner hosted by Chef Gordon Ramsay and a shopping spree with fashion expert, Nina Garcia
NEW YORK, December 01, 2008 — The holidays are upon us, and so are the deals. This year, American Express is taking holiday deals to a [...]
How Do You Go About Choosing A Credit Card?
Just as an individual’s personal credit rating is very important, this is also something that is true for a businesses credit rating as well. If you own a new business and you are just starting to get some credit established for your company, you will need to know the important differences there are between [...]
The Good and The Bad Of Credit Cards
It is no huge secret that credit cards can cause a mountain of problems when it comes to credit card debt. Many times individuals will get caught up in the enjoyment they get from the freedom that can be found when they are shopping with credit cards, and this can end up causing a [...]
Bank of America to Exercise Remainder of China Construction Bank Option
CHARLOTTE, N.C., Nov. 17 /PRNewswire/ — Bank of America Corporation has given notice of its plan to exercise the remainder of its option to purchase ordinary shares of China Construction Bank Corporation from China SAFE Investments Limited (Huijin). Bank of America acquired the option from Huijin in connection with its investment in CCB in June [...]
J.P. Morgan Helps States Distribute Nearly $250 Million in Disaster Relief
Bank Takes Leadership Role in Helping Public Sector Respond to Major Emergencies
NEW YORK, November 12, 2008 — J.P. Morgan today announced that during the past year it assisted California, Indiana, Louisiana, Nebraska and Washington in providing assistance to victims of natural catastrophes. Disaster Food Stamp Program funds totaling nearly $250 million were distributed to more [...]
”Getting Around” the Economy: Consumers Find Smart Ways to Travel This Holiday Season, According to Recent Survey of American Express Travel Agents
Increased Number of Agents Say Holiday Travelers Are Seeking Greater Value and Redeeming Rewards Points to Offset Costs
NEW YORK, November 13, 2008 — A new survey of more than 900 American Express Travel agents suggests that travelers this holiday season are savvier than ever before, fulfilling their vacation plans in the midst of the current [...]
