American Express Co will cut more than 4,000 jobs this year, an executive said, after the credit card company also reported higher quarterly expenses and provisions for bad loans.
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Apple is planning to enter peer-to-peer payment market
Apple is planning to make sure its iPhone users to continue using the company's latest payment service, Apple Wallet through the use of peer-to-peer payment service.
Buffett's Berkshire adds to favorites IBM, Wells Fargo
Warren Buffett's Berkshire Hathaway Inc on Friday said it has boosted its holdings in some of the billionaire's favorite companies, including Wells Fargo & Co and International Business Machines Corp.
Berkshire Hathaway profit up 10 percent amid railroad gains
Warren Buffett's Berkshire Hathaway Inc on Friday said first-quarter profit rose 10 percent, and operating results easily beat forecasts, boosted by its railroad and insurance businesses and gains from derivatives.
AmEx profit beats estimates as U.S. card holders spend more
American Express Co, the world's largest credit card issuer, reported a better-than-expected rise in quarterly profit, helped by higher spending by U.S. card holders and an increase in net interest income.
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American Express Co, the world's largest credit card issuer, said it would close its joint venture with French online start-up Vente-Privee by the end of the year.
The addition of a mobile payments service to Apple Inc's next iPhone could help to boost sales of the larger-screen phones and claw back market share lost to mobiles running on Google Inc's Android platform.
Apple Inc plans to enable its next iPhone to become a mobile wallet by allowing owners to securely make mobile payments in a store with the touch of a finger, Bloomberg said on Sunday, citing a person familiar with the situation.
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