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American Express Company (NYSE:AXP) reported it has won through November 2010 more than $2.3 billion in new managed travel business1 with clients spanning from small and mid-sized companies to large market, multinational and global businesses worldwide. Transaction volumes are also on the rise and have seen double-digit growth globally.

Bank Dividend Cuts

Posted by buylikebuffett on February 24th, 2009

JPMorgan Chase (JPM) cuts its annual dividend from $1.52 to 20 cents per share today. JPMorgan is preparing for a longer recession and double digit unemployment. JPMorgan has been deemed to be in the best financial shape of the other major banks. In the current marketplace that is like having the best seat on the Titanic.

Fed Takes Bold Steps to Ease Crisis

Posted by marketnews on March 17th, 2008

Urgently moving to contain a deepening credit crisis, the Federal Reserve is trying to restore confidence in panicked financial markets by becoming a lender of last resort for Wall Street investment houses that on Monday can begin securing short-term emergency loans.

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