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American Express will acquire the dining reservation and event management platform Tock from Squarespace for $400 million cash. AmEx began making acquisitions in the dining and event space with ...
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New York-based AmEx's revenue rose 9% to $17.18 billion in the three months ended Dec. 31, edging past expectations of $17.16 billion, according to data compiled by LSEG.
The company wrote off 2.2% of credit card balances last quarter, up markedly from 1.3% a year earlier. The number of accounts that are 30 days past due also ticked up.
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American Express Co on Friday reported a higher profit that topped Wall Street estimates for the fourth straight quarter, underpinning a recovery in spending from consumers emboldened by an easing ...
Share of the American Express Company, 1865. In 1850, American Express was started as a freight forwarding company in Buffalo, New York. [17] It was founded as a joint-stock corporation by the merger of the cash-in-transit companies owned by Henry Wells (Wells & Company), William G. Fargo (Livingston, Fargo & Company), and John Warren Butterfield (Wells, Butterfield & Company, the successor ...
Global Business Travel Group, Inc. (American Express Global Business Travel or simply Amex GBT) is a multinational travel management company headquartered in New York City. Amex GBT has 18,000 employees in more than 140 countries. [1] [2] American Express holds a minority interest in Amex GBT, but the travel company operates as a separate ...