BNET Industries
American Express Co. (AXP) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $27.7B
- Profit
- Dec 31 2007
- $4.0B
- Market Cap
- May 09 2008
- $56.7B
Latest News and Analysis
ICBC Q1 Profit Surges; Takes Further Subprime Hit
By Kennix Chim HONG KONG (Reuters) - Industrial and Commercial Bank of China , the world's biggest bank by market value, posted a 77 percent jump in first-quarter profit on Tuesday and booked a further $58 million worth of provisions for...
Appeals Court Orders New Credit Card Case Trial
By Leslie Gevirtz NEW YORK (Reuters) - A U.S. appeals court reinstated a class-action suit on Friday against a group of banks that force their credit card customers to use arbitration instead of the courts to settle disputes. The credit cardholders "alleged that...
American Express 1st-qtr Profit Declines
By Dan Wilchins NEW YORK (Reuters) - American Express Co on Thursday posted a 6 percent decline in first-quarter profit, but results beat expectations and the company affirmed its full-year earnings forecast, lifting its shares after hours. The fourth-largest U.S. credit card issuer...
Earnings Are Key as Dow Nears Turnaround
By Jennifer Coogan NEW YORK (Reuters) - Investors will have seen enough corporate results by the end of this week to determine if the recent string of encouraging earnings was an anomaly or a real sign stocks can weather the credit crisis and...
American Express Buys GE's Corporate-Card Unit
If, as some economists are saying, the economic downturn is going to hurt consumer spending more than business spending then American Express is making a good defensive move. AmEx is paying $1.1 billion for a General Electric unit that processes charge cards for corporations. American Express suffered...
American Express Buys GE's Corporate-Card Unit
If, as some economists are saying, the economic downturn is going to hurt consumer spending more than business spending then American Express is making a good defensive move. AmEx is paying $1.1 billion for a General Electric unit that processes charge cards for corporations. American Express suffered...
What Becomes A Small Business Brand?
Small business owners are often confused about the term brand, and rightly so. Big businesses obsess about this thing called branding, yet the author thinks on the whole it has become a pretty souless term. Every small business has a brand. The question is whether the make-up of the brand...
How To Become A Household Name
As a kid, you may have learned that self-promotion is arrogant and tacky. For entrepreneurs, however, a major part of selling your product or service is selling yourself and your company. This can take the form of a big-budget advertising campaign, but if that is something your business can't afford,...
Overview Of Commercial Card Products That Can Increase Expense Management And Control
At American Express, we are dedicated to supporting our clients as you implement expense management solutions that help you achieve control, compliance, operational efficiencies, and cost reduction goals. Our core business is helping companies manage their corporate expenses. Specifically, through our Commercial Cards (Corporate Cards and/or Corporate Purchasing Cards), we...
Holidays For Small Business Owners
The annual summer quandary for small business owners is whether to stay open (and pay higher wage costs and lose personal time) or take a vacation and lose valuable sales time. Studies in Australia and the United States indicate that up to two-thirds of small business...
Succession Planning For Businesses
Like many activities that do not directly contribute to the day to day running of the business (how about computer backups?), succession planning is very low down of the list of things to do. This paper explains how to transfer the business successfully. The authors don't have all the...
Superannuation Planning For Small Business Owners
A business owner ignores superannuation (particularly after the latest Federal Budget) at their own risk. And that's not just because there's a big stick ready to beat you if you don't get it right (with the ATO now on the case, it's a very big stick). It's because you'll be...
RPF Evaluation Tool
This tool can be used as an evaluation tool for measuring the competence of potential Commercial Card (corporate T&E card and/or procurement card) suppliers.
Franchising Growth In 2006
Many commentators are suggesting that the halcyon days of franchise growth are now over. Talking to franchises that use American Express, this is not the experience. It is true there is some saturation of brands and good sites are becoming increasingly difficult to find. However, providing an alternative to being...
Protecting Your IP
It seems that not only does everyone have at least one best selling book in them, but a great business idea too. However, they are often reluctant to tell you more...perhaps it's because they think that you might steal their idea. So how do you determine whether an idea is...
Survival For Independent Retailers
It wasn't all that long ago that your local shops had a butcher and baker, a fruit shop, maybe a delicatessen and definitely a service station. And playing on the road in front of your house involved dodging the milkman as he did his rounds in the evening. 'Big box'...
Setting Goals For Your Business
Goal-setting is crucial to the success of any business, but is particularly important for entrepreneurs who can become distracted with multiple priorities. Goals direct actions, give you something to aim for, and can serve as a yardstick for measuring your business' success. The way you approach goal-setting will determine whether...
Holistic Corporate Purchasing
Within BAE Systems IPS (Indirect Procurement Services) is responsible for sourcing and contract management across a range of commodities for the entire UK business, and would be judged on achieving leverage from aggregation as well as how much they could lower the overall cost of procurement. Under the single Solutions...
Making Savings Visible: ICI Drives For Global Visibility And Control Using American Express Corporate Purchasing Solutions
At ICI, the £6 billion global chemicals giant, procurement is now viewed as a strategic lever to drive the economic performance of the company. Yet in the late 1990's the procurement function at the company was in need of an overhaul. A major objective was to get increased leverage out...
Practicing What We Preach
Nowadays, having developed into more than just a card product, the renamed Corporate Purchasing Solutions is a multi-faceted procurement solution that integrates purchasing controls with payments, management information reporting, data quality controls, eProcurement interoperability and financial systems integration. In fact, the Global Procurement team at American Express made commodity management...
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- Business Operations (9 results)
- Finance (8 results)
- Management (6 results)
- Marketing (6 results)
- Procurement (5 results)
- Financial Services (5 results)
- Purchasing & Procurement (5 results)
- Small Business (4 results)
- Financial Planning (4 results)
- Strategy (4 results)
- Sales (3 results)
- Financial Accounting (3 results)
- Enterprise Software (3 results)
- Software (3 results)
- Bank (3 results)
- Productivity (3 results)
- Incorporated: 1965
- CEO: Mr. Kenneth I. Chenault
American Express is a payments, network and travel company. Co.'s products and services include charge and credit cards; Travelers Cheques and prepaid products; consumer travel services; business travel, corporate cards and other expense management products and services; network services and merchant acquisition and merchant processing for its network partners and proprietary payments businesses; and point-of-sale, back-office, and marketing products and services. These products and services are sold through various channels including direct mail, the Internet and direct response advertising. At Dec 31 2007, Co. had two segments: Global Consumer Group and Global Business-to-Business Group.
Key Competitors
American Express Co. Company Info
Board of Directors
Mr. Kenneth I. Chenault
Chairman
Mr. Richard A. McGinn
Mr. Edward D. Miller
Mr. Robert D. Walter
Mr. Steven S. Reinemund
Mr. Edward P. Gilligan
Vice-Chairman
Mr. Richard C. Levin
Mr. Peter Chernin
Mr. Ronald A. Williams
Mr. Daniel F. Akerson
Ambassador Charlene Barshefsky
Ms. Ursula M. Burns
Mr. Jan Leschly
Contact Information
200 Vesey Street
New York, NY
http://www.americanexpress.com
212 640-2000
NAICS Code
All Other Nondepository Credit Intermediation: 522298
