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British Airways and American Express Announce Renewal of Strategic Partnership

by swmerchant 24. August 2009 06:23
LONDON, August 12, 2009 -- British Airways and American Express are today announcing a renewal of their strategic partnership.

The new agreement, managed by British Airways' rewards subsidiary The Mileage Company, includes three consumer co-brand cards, a corporate co-brand card and merchant acceptance agreement.

In addition, the American Express Membership Rewards® agreement, launched in August 2008, is for the first time extended into the U.S. Read More

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British Airways and American Express Announce Renewal of Strategic Partnership British Airways and American Express Announce Renewal of Strategic Partnership British Airways and American Express Announce Renewal of Strategic Partnership British Airways and American Express Announce Renewal of Strategic Partnership British Airways and American Express Announce Renewal of Strategic Partnership British Airways and American Express Announce Renewal of Strategic Partnership British Airways and American Express Announce Renewal of Strategic Partnership British Airways and American Express Announce Renewal of Strategic Partnership British Airways and American Express Announce Renewal of Strategic Partnership British Airways and American Express Announce Renewal of Strategic Partnership British Airways and American Express Announce Renewal of Strategic Partnership British Airways and American Express Announce Renewal of Strategic Partnership
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American Express Repurchases Warrants from U.S. Department of Treasury

by swmerchant 31. July 2009 05:12
NEW YORK, July 29, 2009 -- American Express announced today that it has repurchased the warrants issued to the United States Department of Treasury as part of the Capital Purchase Program (CPP) for $340 million.

In June, American Express repurchased $3.39 billion of preferred shares issued under the CPP. The company paid a total of $74.4 million in dividends to the U.S. Treasury. Taking into account the dividends and the repayment of warrants -- which total $414.4 million -- U.S. Treasury earned an annualized 26 percent return on its investment. Read More

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American Express Reports Earnings from Continuing Operations of $342 Million; EPS of $0.09 Includes $0.18 Reduction from Repurchase of Preferred Shares

by swmerchant 31. July 2009 05:09
NEW YORK, July 23, 2009 -- American Express Company (NYSE: AXP) today reported second-quarter income from continuing operations of $342 million, down 48 percent from $660 million a year ago. Diluted earnings per share from continuing operations were $0.09, down 84 percent from $0.56 a year ago. The per share results include a reduction of $0.18 from a repurchase of preferred shares from the U.S Treasury Department. Excluding this impact, adjusted diluted earnings per share from continuing operations were $0.27.

Net income totaled $337 million for the quarter, down 48 percent from a year ago. Per-share net income of $0.09 was down 84 percent from $0.56 a year ago, also reflecting the repurchase of preferred shares discussed above. Read More

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American Express Reports Earnings from Continuing Operations of $342 Million; EPS of $0.09 Includes $0.18 Reduction from Repurchase of Preferred Shares American Express Reports Earnings from Continuing Operations of $342 Million; EPS of $0.09 Includes $0.18 Reduction from Repurchase of Preferred Shares American Express Reports Earnings from Continuing Operations of $342 Million; EPS of $0.09 Includes $0.18 Reduction from Repurchase of Preferred Shares American Express Reports Earnings from Continuing Operations of $342 Million; EPS of $0.09 Includes $0.18 Reduction from Repurchase of Preferred Shares American Express Reports Earnings from Continuing Operations of $342 Million; EPS of $0.09 Includes $0.18 Reduction from Repurchase of Preferred Shares American Express Reports Earnings from Continuing Operations of $342 Million; EPS of $0.09 Includes $0.18 Reduction from Repurchase of Preferred Shares American Express Reports Earnings from Continuing Operations of $342 Million; EPS of $0.09 Includes $0.18 Reduction from Repurchase of Preferred Shares American Express Reports Earnings from Continuing Operations of $342 Million; EPS of $0.09 Includes $0.18 Reduction from Repurchase of Preferred Shares American Express Reports Earnings from Continuing Operations of $342 Million; EPS of $0.09 Includes $0.18 Reduction from Repurchase of Preferred Shares American Express Reports Earnings from Continuing Operations of $342 Million; EPS of $0.09 Includes $0.18 Reduction from Repurchase of Preferred Shares American Express Reports Earnings from Continuing Operations of $342 Million; EPS of $0.09 Includes $0.18 Reduction from Repurchase of Preferred Shares American Express Reports Earnings from Continuing Operations of $342 Million; EPS of $0.09 Includes $0.18 Reduction from Repurchase of Preferred Shares
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American Express OPEN® Unveils New OPEN Forum - A Social Media Site and Resource Center for Business Owners

by swmerchant 31. July 2009 05:06
NEW YORK, July 22, 2009 -- American Express OPEN today unveiled the new OPEN Forum, an online resource and networking site for business owners. The site is designed to forge meaningful business connections and provide practical, actionable information and insights from influential bloggers, industry leaders, and savvy entrepreneurs. In addition, the site will aggregate relevant online small business conversations from Twitter. Read More

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American Express OPEN® Unveils New OPEN Forum - A Social Media Site and Resource Center for Business Owners American Express OPEN® Unveils New OPEN Forum - A Social Media Site and Resource Center for Business Owners American Express OPEN® Unveils New OPEN Forum - A Social Media Site and Resource Center for Business Owners American Express OPEN® Unveils New OPEN Forum - A Social Media Site and Resource Center for Business Owners American Express OPEN® Unveils New OPEN Forum - A Social Media Site and Resource Center for Business Owners American Express OPEN® Unveils New OPEN Forum - A Social Media Site and Resource Center for Business Owners American Express OPEN® Unveils New OPEN Forum - A Social Media Site and Resource Center for Business Owners American Express OPEN® Unveils New OPEN Forum - A Social Media Site and Resource Center for Business Owners American Express OPEN® Unveils New OPEN Forum - A Social Media Site and Resource Center for Business Owners American Express OPEN® Unveils New OPEN Forum - A Social Media Site and Resource Center for Business Owners American Express OPEN® Unveils New OPEN Forum - A Social Media Site and Resource Center for Business Owners American Express OPEN® Unveils New OPEN Forum - A Social Media Site and Resource Center for Business Owners
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American Express and ANZ Announce Card Issuing Deal

by swmerchant 31. July 2009 05:04
SYDNEY, July 20, 2009 -- American Express today announced that ANZ would issue American Express-branded credit cards. The ANZ Frequent Flyer American Express Credit Card will carry the American Express logo and will be accepted on American Express' global merchant network. ANZ will own the receivables and will service customers' accounts on its own systems.

ANZ will offer an American Express card to their Frequent Flyer base of customers which is tailored to offer a superior earn rate for Qantas Frequent Flyer points and the option of point boosters and upgrades. Read More

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