Word: amex
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...Amex and COURTNEY LOVE in dispute over $350,000 in unpaid bills. So that's what happened to the economy...
Plastic Only. American Airlines will go cashless on all flights within the continental U.S. as well as flights to and from Hawaii, Alaska and Canada. Be prepared to use your Amex or other credit cards to pay for headsets, fresh meals, snacks and beverages. The airline's commuter lines, American Eagle and AmericanConnection, will continue to accept cash...
Then there are the firms that are not traditional banks that are starting to line up for bailout funds. Earlier this week, American Express filed to change its status to a bank-holding company, which would allow the credit-card giant to apply for TARP funds. Analysts estimate that AmEx could receive as much as $3.5 billion in federal aid. GE Capital is also reportedly looking into applying for a Treasury investment. The troubled finance unit of industrial giant General Electric could receive as much as an $18 billion investment. What's more, a number of members of Congress...
...Lehman's fall shows the downside of using borrowed money. Even though Lehman has a 158-year-old name, it's actually a 14-year-old company that was spun off by American Express in 1994. AmEx had gobbled it up 10 years earlier, and it wasn't in prime shape when AmEx spat it out. To compensate for its relatively small size and skinny capital base, Lehman took risks that proved too large. To keep profits growing, Lehman borrowed huge sums relative to its size. Its debts were about 35 times its capital, far higher than its peer group...
...prestigious addresses. The U.K.'s housing market is slowing, but so far sales of premier homes have been unaffected, realtors say. According to Knight Frank, demand for homes in neighborhoods such as Belgravia, where Russian billionaire Roman Abramovich lives, Knightsbridge, the home of Harrods, and Mayfair, where the black-Amex set get their suits made at Savile Row, pushed the prices of prime real estate up by almost 40% between the summer of 2006 and summer 2007. In 2006, almost a quarter of properties costing $16 million or more sold through Knight Frank went to Russians; Middle Easterners bought...