Amex shares up on spin-off news
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Shares in American Express surge more than 8% after it says it is to spin off a less profitable subsidiary.
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American Express has seen its quarterly profits climb again, after higher spending on its credit cards.
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Shares rise as the bank has no new loans problems to report to Wall Street.
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American Express Co.  said on Monday fourth-quarter profits rose 17 percent, driven by increased use of its credit cards and strong travel-related sales.
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Shares of Macy&#39;s Inc.  rose on  Friday amid speculation that the retailer was ripe for a  takeover.
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Europe&#39;s main stock markets jumped higher thanks to takeover talk in the banking, travel and stock exchange sectors, dealers said Wednesday.
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Stocks rose on Wednesday, led by technology and biotechnology shares after positive brokerage comments on Apple Inc  and Amgen Inc .
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American Express AXP.N on Monday  said quarterly earnings rose 14 percent, matching analysts'  expectations, as cardholder spending and borrowing increased  while loan losses fell.
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Stocks rose on Tuesday as strong earnings by Apple Inc.  and American Express Co  eased concern about consumer spending and profits.
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American Express (AXP.N: Quote, Profile, Research) on Monday said quarterly earnings rose 14 percent, matching analysts&#39; expectations, as cardholder spending and borrowing increased while loan losses fell.
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American Express Co. said on Monday its quarterly earnings rose 14 percent, matching analysts&#39; expectations, due to strength in the economy that spurred record card
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Europe's major stock indices have climbed after Wall Street had rebounded overnight, and on takeover news which included a multi-billion-dollar buy-out of Australian airline Qantas.
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American Express Co. AXP.N said on  Monday fourth-quarter profits rose because of increased  spending by consumers.
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Financial services giant American Express Co. said yesterday it will spin off its financial advisory business so it can focus on the faster-growing charge and credit card, payments processing, and travel businesses. Its shares rose more than 6 percent.
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U.S. stocks rallied on Thursday as a   string of corporate deals, plus a robust initial public   offering for credit-card company MasterCard Inc.MA.N, lifted   investor sentiment.
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Shares of Western Union Co.  rose more than 4 percent in their market debut on Monday, after a spin-off from First Data Corp. .
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U.S. stocks opened higher on Monday as  investors bought beaten down shares and were hopeful of strong  earnings from credit card provider American Express Co.   AXP.N.