american express co (AXP) Key Developments
American Express Company Declares Regular Quarterly Dividend, Payable on November 10, 2015
Sep 28 15
The board of directors of American Express Company declared a regular quarterly dividend of $0.29 per common share, payable on November 10, 2015 to shareholders of record on October 9, 2015.
American Express Company Reaffirms Earnings Guidance for the Full Year of 2015, 2016 and 2017
Sep 18 15
American Express Company reaffirmed earnings guidance for the full year of 2015, 2016 and 2017. For 2015, the company expects EPS outlook to remain unchanged, as the company continue to expect EPS to be flat to modestly down.
The company believe that the outlook to return to positive earnings per share growth in 2016.
The company expects earnings per share within the target range of 12% to 15% in 2017 remains appropriate.
American Express Company Presents at Barclays Global Financial Services Conference, Sep-18-2015 11:15 AM
Sep 2 15
American Express Company Presents at Barclays Global Financial Services Conference, Sep-18-2015 11:15 AM. Venue: New York Hilton Midtown, 1335 Avenue of Americas, New York, New York, United States. Speakers: Jeffrey C. Campbell, Chief Financial Officer, Executive Vice President, Chairman of Asset-Liability Committee and Member of Operating Committee.
American Express to Terminate 86 Employees at Weston-Based Global Billing Services
Aug 27 15
American Express submitted notice on Aug. 26, 2015 that it would terminate 86 employees at the company's Weston-based Global Billing Services. These layoffs are the last in a round of terminations announced in September 2013 as part of the planned closure of American Express' Weston facility. The 86 employees were already aware of the closure and termination plans. The bulk of the terminated positions are customer care positions. The layoffs will take place on Oct. 30, 2015 and Nov. 13, 2015.
Federal Judge Rejects an Antitrust Settlement Between American Express and Merchants
Aug 11 15
A federal judge has rejected an antitrust settlement between American Express and merchants who had sued the credit card company over alleged excessive swipe fees. The settlement, which was opposed by the National Retail Federation and many furniture retailers, was thrown out last week by U.S. District Judge Nicholas Garaufis, who ruled one of the attorneys representing the merchants compromised the agreement's fairness, violating court rules to protect confidential information. Garaufis ordered the attorney, Gary Friedman, removed as co-lead counsel for the merchants and called for new written briefs in the case to be filed by Sept.