American Express President Alfred Kelly Jr. to step down in early 2010October 5th, 2009 Amex President Alfred Kelly to leave companyNEW YORK — American Express Co. says its president, Alfred F.
Multimillion dollar collection 10 Warhol paintings stolen in LASeptember 11th, 2009 10 Warhol paintings stolen from LA homeLOS ANGELES — Police say a multimillion dollar collection of Andy Warhol paintings has been stolen from a home in Los Angeles. The Los Angeles Police Department said Friday that 10 paintings, each 40 inches square, were taken from the home of businessman Richard Weisman.
Fed chief Ben Bernanke's bank account struck by identity theft schemeAugust 27th, 2009 Bernanke personal bank account struck by ID theftWASHINGTON — An elaborate identity theft scheme has reached the highest levels of the U.S. financial system, striking the personal bank account of Federal Reserve Chairman Ben Bernanke and his wife.
American Express reports fewer write-offs of credit card losses in JulyAugust 6th, 2009 American Express reports fewer defaults in JulyNEW YORK — American Express said Wednesday its rate of losses from credit card loans is slowing. The write-off rate on credit card balances was 9.2 percent in July, down from 10 percent for the second quarter, said Joanna Lambert, a spokeswoman for the New York-based company.
Army National Guard tells 131,000 soldiers to look out for identity theft after laptop stolenAugust 6th, 2009 Soldiers warned about ID theft after laptop stolenMADISON, Wis. — The Army National Guard is investigating why a contractor had data including Social Security numbers for 131,000 current and former soldiers on an unsecured personal laptop that was stolen, a spokesman said Thursday.
American Express 2Q profit down 48 percent, beats Wall StreetJuly 23rd, 2009 American Express 2Q profit falls 48 percentDES MOINES, Iowa — American Express Co. said Thursday its earnings fell 48 percent in the second quarter, but the credit card lender says there are glimmers that recent trends of lower card use and slow repayment may be improving.
Credit card delinquency rates at American Express, Capital One decline in JuneJuly 15th, 2009 Credit card delinquencies decline at AmEx, Cap OneNEW YORK — Two major credit card providers reported more improvements in delinquency rates in June on Wednesday, an encouraging sign that borrowers are not in as bad shape as many had feared. American Express Co.
Credit card delinquency rates at American Express, Capital 1 decline in JuneJuly 15th, 2009 Credit card delinquencies decline at AmEx, Cap 1NEW YORK — Two major credit card providers reported more improvements in delinquency rates in June on Wednesday, an encouraging sign that borrowers are not in as bad shape as many had feared. American Express Co.
Money doesn't grow on trees, but wallet stolen 27 years ago in NY is found in one; $20 missingJuly 6th, 2009 Wallet stolen in 1982 found in NYC tree; $20 goneNEW YORK — Money doesn't grow on trees, but a tree-care supervisor in New York City's Central Park found an old wallet inside a dead one. The blue leather wallet had been stolen by a pickpocket 27 years ago.
Sears Holdings to start buyer protection program to help customers who lose their jobsJune 30th, 2009 Sears Holdings to start buyer protection programHOFFMAN ESTATES, Ill. — Sears said Tuesday that it plans to offer a buyer protection program for its home appliances to help consumers who lose their jobs during the recession.
MetLife names American Express president to corporate boardJune 23rd, 2009 MetLife names American Express president to boardNEW YORK — Insurer MetLife Inc. said Tuesday it named the president of American Express Co.
American Express says proceeds from $500 million public equity offering could pay back TARPJune 1st, 2009 American Express to offer $500 million in stockNEW YORK — American Express says it will sell $500 million worth of its common stock in a public offering, and use the proceeds in part to pay back government bailout funds. The New York-based credit card company says it will use the proceeds for general corporate purposes, including repurchasing some of the $3.4 billion worth of preferred shares it issued to the U.S.
LexisNexis warns 32,000 people their personal data may have been viewed by former customersMay 2nd, 2009 LexisNexis warns 32,000 of possible data breachNEW YORK — The LexisNexis online information service is warning 32,000 people their personal information may have been improperly accessed in a credit card fraud scheme that postal officials say bilked hundreds. New York-based LexisNexis says in a letter mailed Friday that former customers of the service may have viewed information including names, birth dates and Social Security numbers.
Radio Shack employee accused of disorderly conduct, battery for punching customerApril 29th, 2009 Radio Shack employee punches customerEAU CLAIRE, Wis. — A Radio Shack employee faces disorderly conduct and battery charges for punching a customer.
American Express profits plunge 72 percentJanuary 26th, 2009 NEW YORK - Credit card company American Express said Monday its profits plunged 72 percent as customers fell behind on loan payments and were also spending less amid the widening recession. Profits fell to $238 million from $858 million a year earlier.
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