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.

Upgrade of the Day: American Express

American Express

American Express Company (NYSE:AXP) received an Upgrade today from Citigroup, moving from 'Sell' to 'Hold' and a new price target of $16.

American Express Paying off Deadbeats

American Express

So, is American Express (NYSE:AXP) using the TARP money they got to pay lousy customers to go away? Hard to believe...

Perverse Market: When an 86% Drop Is Good.

American Express

Do not get fooled by the rally in American Express (NYSE:AXP) , things are not better

American's Cutting Up Credit cards

American Express

Bad news for investors of Visa (NYSE:V), Mastercard (NYSE:MA) and American Express (NYSE:AXP)

American Express Approved as Bank Holding Company

American Express

Following the lead of Goldman Sachs (NYSE:GS) and Merrill Lynch (NYSE:MER)

Berkshire Earnings Drop 77%

Warren Buffett

Warren Buffett's Berkshire Hathaway (NYSE:BRK.A) said Friday that its third-quarter net earnings sank 77 per cent after it recorded heavy losses on the value of investments and derivatives and suffered a steep drop in insurance underwriting profits.

Credit Card Companies under Fire: Delinquency Fear

Visa & Mastercard

Visa (NYSE:V), Mastercard (NYSE:MA) and the other credit card companies not only have to worry about customers not paying back their bills, but the trend is to limit or cut up cards all together.

Wal-Mart Tops the Dow YTD

What a far only one Dow Component above water..

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