American Express 3rd-Quarter Net Rises 14% on Travel
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American Express Co., the fourth- largest US credit-card issuer, said quarterly profit climbed 14 percent to a record as customers spent more on travel and carried larger loan balances.
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American Express Co , a credit card and travel services company, said on Monday that third-quarter earnings rose 10 percent, helped by increased spending among its consumer and corporate clients.
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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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The US trade deficit has expanded to its highest level in 14 months, official data shows.
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Online travel agencies moved higher Wednesday after three of the largest players in the industry reported third-quarter earnings that didn&#39;t pull any major surprises, with leader IAC/InteractiveCorp showing profits more than quadrupled during the period.
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American Express said yesterday that record spending had fueled a 12 percent jump in profit.
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American Express Co. AXP.N said on  Monday quarterly earnings rose 14 percent, matching analysts'  expectations, on record cardholder spending, increased travel  sales and lower loan losses.
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Nextel Communications Inc. yesterday reported improved profit and revenue during its third quarter as it boosted its subscriber base to 14.
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IAC/InterActiveCorp , owner of the online travel service Expedia.com, on Wednesday posted a sharp rise in third-quarter earnings, saying it kept marketing costs in check during the quarter to boost the bottom line.
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American International Group , the world's largest insurer by market value, said on Thursday its third-quarter earnings rose despite losses related to four U.S. hurricanes but fell short of market estimates.
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The huge U.S. current account  deficit widened in the third quarter to a record $225.6  billion, as gushing oil prices and strong demand for Chinese  and other foreign goods pushed imports higher, a U.S. Commerce  Department report showed on Monday.
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Marriott International Inc. MAR.N,  the largest U.S. hotel operator, on Thursday said third-quarter  profit rose 45 percent as business travel continued to perk up  after three years of stagnation.
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Net income for the third quarter rose to $177 million, compared with a loss of $78 million in the year-earlier period, as the carrier raised fares while reducing flights.
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Business & money: Strong earnings from corporate America sent Wall Street's yardstick of blue-chip stocks through the 14,000 level for the first time yesterday.
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American Express Co. AXP.N said on  Monday fourth-quarter profit rose 17 percent, driven by strong  holiday and travel-related sales, as well as gains in its asset  management business.
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Priceline.com Inc. said Tuesday that third-quarter profit rose 3 percent, driven by higher airline ticket bookings and helped by its acquisition of Travelweb.
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Deutsche Bank said that its bottom-line earnings rose strongly in the third quarter, thanks to a partial improvement in underlying business and lower costs and risk provisions.