American Express Co

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.

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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.

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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.

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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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Cyber IPO pipeline grows as data breaches boost security spending

Rapid7, LogRhythm and Mimecast are joining a growing list of cybersecurity firms planning to go public in 2015 to capitalize on investor interest following a spate of hacker attacks, according to people familiar with the matter.

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U.S. retailers gaining upper hand in partnerships with banks

U.S. banks are finding that "co-branded" credit cards they offer with retailers, airlines, hotels and other consumer companies are increasingly a lousy business, one not likely to get better soon, industry executives said.

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American Express to cut more than 4,000 jobs

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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American Express says Vente-Privee USA to close by year-end

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.

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Apple payments service may boost sales of larger iPhones

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.

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New Apple iPhone to have 'mobile wallet' function: Bloomberg

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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