Breaking News: KeyCorp (NYSE:KEY), DOW Chemical (NYSE:DOW), AmEx (NYSE:AXP), Coca-Cola (NYSE:KO)

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Responding to client preferences and changes to regulations relating to overdraft fees taking effect, KeyCorp (NYSE:KEY) is adding a new checking account that offers a variety of solutions based on a customer's banking needs, including flexible overdraft fee options and ID Theft protection.

Amex and Bank of America Lead DOW Lower

BofA

The Dow Jones Industrial Average is down nearly 2% today at $10,163. Leading the charge are Bank of America Corporation (NYSE:BAC) and American Express Company (NYSE:AXP).

Rough Recession Waters for Credit Card Companies

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Visa Inc. (NYSE:V), MasterCard Incorporated (NYSE:MA) and American Express Company (NYSE:AXP) may just be experiencing one of the strangest anomalies of the recession. 

American Express Co. Best Gainer in the DOW for 2009 (NYSE:AXP)

American Express

How about them apples, turns out American Express Company (NYSE:AXP) was the Dow Jones' top gainer in 2009.  Hat tip to SeekingAlpha.com as they point out that CEO Kenneth Chenault benefits from a 60% raise - to $2 million a year - as well as some in-the-money options. The company's 8-K says it's refocusing pay more on base salary rather than bonuses.

Chargeoffs Could Plague Credit Card Companies (NYSE: V),(NYSE: MA),(NYSE: AXP)

Visa & Mastercard

Get ready Visa, MasterCard and Amex, it may be a long haul out of the financial mess.  Shares of Visa Inc. (NYSE:V), MasterCard Incorporated (NYSE:MA) and American Express Company (NYSE:AXP) could be hurt if credit-card delinquencies continue to climb.  So, what's in your wallet?

New Highs for American Express, CareFusion, and Viacom (AXP, CFN, VIA)

52-Week Highs

American Express Company (NYSE:AXP), CareFusion Corporation (NYSE:CFN), and Viacom (NYSE:VIA) are the big stars today pushing to new 52-week highs on a very bullish day.

New Upgrades: American Express and Riverbed Trade Higher

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The American Express Company (NYSE:AXP) and Riverbed Technology, Inc. (NASDAQ:RVBD) are trading higher today on good news of analyst upgrades.  American Express Company (NYSE:AXP) is up over +2% and Riverbed Technology, Inc. (NASDAQ:RVBD) is up over +5%

JPMorgan Auction Not as Transparent as It Seems

JP Morgan

JPMorgan Chase & Co. (NYSE:JPM) Since the downfall of Lehman Brothers, many of the biggest Wall Street banks have moved in lock step with one another, as if to assume there is safety in numbers. Everyone took the bailout money at the same time (not that they had much choice), and now

Credit Card Delinquencies Rise 11 Percent

Credit Cards

Delinquencies on Credit Cards backed by Banks jumped in the first quarter from a year ago as strapped borrowers used their tax refunds to meet daily expenses instead of paying down their credit card balances.

American Express to Cut 4,000 Jobs

American Express

American Express Company (NYSE:AXP) plans to eliminate 4,000 jobs, or 6% of its workforce, as the weakened economy causes higher customer defaults.

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