The Democratic Convention is slated to begin this week in Denver and I’m already disappointed about Democratic Presidential Nominee Senator Barack Obama’s choice for his Vice Presidential Candidate - Senator Joseph (Joe) Biden from Delaware.
Delaware is the state of incorporation for most large corporations in the United States because of the perception (whether real or [...]
It hasn’t been a particularly good month to be a credit card company or a credit card processor.
American Express - Moody’s announced on Thursday that it is reevaluating American Express’ rating because of concerns over its credit card business and lending exposure. (Details are in Reuters). Moody’s cited a number of factors in the press [...]
The Wall Street Journal reported that American Express is giving up on efforts to attract a younger audience with its specialty credit card line for the young and affluent, in:nyc. Read more.
Although many are concerned that high credit card debt levels will spark a new consumer debt crisis (read more in this CNBC article), American Express (the largest credit card lender in 2007 by total purchases and cash advances) announced that it expects its earnings per share to grow 4 to 6 percent on the strength [...]
