Latest News in Credit Card Debt - July 21, 2008

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Forsyth County to Reexamine Use of Credit Cards - 13 WMAZ

21 Jul 2008 at 11:02am
CUMMING, Ga. (AP) — The Forsyth County Commission will examine credit card use by county employees after a newspaper reported the county is among the most generous in metro Atlanta in passing out cards to workers. An analysis by The Atlanta Journal …

American Express profit falls as credit losses rise - Forbes

21 Jul 2008 at 4:39pm
NEW YORK (Reuters) - American Express Co (nyse: AXP - news - people ), a credit card issuer and processing network, reported a steeper-than-expected 38 percent drop in quarterly profit as it set aside more money to cover credit losses and its shares …

Ex-convict sues American Express for giving police info he says led to … -…

21 Jul 2008 at 5:00pm
NEW YORK : A disbarred Manhattan lawyer who pleaded guilty to statutory rape has sued the American Express Co. for giving police credit card information he says led to his capture. James Colliton was arrested in February 2006 near Toronto, where …

Unemployment, stocks push down leading indicators - Forbes

21 Jul 2008 at 1:40pm
Factories laying off workers, stocks tumbling and shoppers ditching their credit cards forced the economy to contract in June, a trend likely to continue in the second half of 2008, a private business group said Monday. The New York-based Conference …

Congress could limit student credit cards - Miami Herald

21 Jul 2008 at 12:14pm

WASHINGTON Credit card companies beware: Congress is watching. A flurry of bills is in the works in the House of Representatives and the Senate that would rein in how those companies do business. One proposed change that’s triggered interest among …

American Express profit down on credit losses - MSN MoneyCentral

21 Jul 2008 at 3:13pm
NEW YORK (Reuters) - American Express Co, a credit card issuer and processing network, said on Monday its quarterly profit fell 38 percent as it set aside more money to cover credit losses. The company said it was no longer on track to boost earnings …

CORRECTED-UPDATE 1-American Express profit down on credit losses - Reuters

21 Jul 2008 at 3:20pm
NEW YORK, July 21 (Reuters) - American Express Co, (AXP.N: Quote , Profile , Research , Stock Buzz ) a credit card issuer and processing network, said on Monday its quarterly profit fell 38 percent as it set aside more money to cover credit losses …

American Express profit falls as credit losses rise - San Diego Union-Tribune

21 Jul 2008 at 2:16pm
NEW YORK ? American Express Co, a credit card issuer and processing network, said on Monday its quarterly profit fell 38 percent as it set aside more money to cover credit losses. The company said it was no longer on track to boost earnings per …

STOCKS NEWS ASIA - Weak U.S. earnings, oil rise may hurt shares - Reuters India

21 Jul 2008 at 4:10pm
SYDNEY (Reuters) - Asian shares are set for a cautious start on Tuesday, with sentiment dampened by a rebound in oil prices and disappointing earnings from companies including American Express and Apple. Financial firms such as Japan’s Mizuho …

American Express shares dive after profits warning - The Independent

21 Jul 2008 at 5:50pm
American Express, the credit card company, issued a thumping profits warning last night, sending its shares diving and potentially foreshadowing a new leg of the credit crisis. The company, whose customers spent $647bn (�323bn) on 86.4 million Amex …

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July 21 2008 05:57 pm | Credit Card Debt News

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