American Express
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Wikipedia.org
American Express (Wikipedia.org)

American Express ( ), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses.

The company's common stock trades on the New York Stock Exchange under the ticker symbol "AXP." It is one of the 30 stocks that comprise the Dow Jones Industrial Average and is ranked as the 74 th largest company by Fortune. In 2007, BusinessWeek and Interbrand ranked American Express as the 15 th most valuable brand in the world, estimating the brand to be worth US$20.87 billion.

The current CEO is Kenneth Chenault, who took over in 2001.

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The now bank holding company seeks $3.5B in TARP aid, with Frederic Mishkin, Former Federal Reserve Board governor
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The program is now focused on capital injections to spur credit and may expand investments.
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Economy and TARP do not reassure the Street.
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Reports from Best Buy and Macy's sparked an early slide. Investors wait for Paulson's remarks.
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More and more companies seek money from TARP. Dave Rovelli, Canaccord Adams, discusses the continued growth of the Tarp Plan and whether there is an end in site.
3m 12s |
a week ago
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American Express: bank-holding company.. Shaffer Asset Management President & CEO Dan Shaffer and Jim Moorhead, Steptoe & Johnson Partner, discuss American Express becoming a bank-holding company.
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American Express will now become a commercial bank.
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