"On Obama" is a weekly column about Barack Obama and American politics. On the morning of Nov. 5, 2008, the day after Barack Obama's election, I sat in the office of my Chicago apartment, filled, like most Americans, with a peculiar sense of hope. It see

NEW YORK - American Express, the biggest credit-card issuer by purchases, capped a record year for profit and beat analysts' estimates as fourth-quarter net income climbed 12 per cent and customer spending surged. Net income was US$1.19 billion (S$1.51 b

As a young black man graduating from the College of the Holy Cross 40 years ago, Ted Wells felt his generation had reason to hope racial barriers to economic advancement would disappear. In many ways he was right. Wells went on to earn both an MBA and a

The Associated Press | NEW YORK American Express Co. says its fourth-quarter profit rose 12 percent, as its customers spent more, fewer defaulted on their accounts, and the company collected higher travel commissions and fees. The credit card issuer ear

By Joan E. Solsman And Lauren Pollack American Express Co.'s fourth-quarter earnings rose 12% as cardholder spending kept rising and the company booked higher revenue, though loan-loss provisions increased. The company's cardholders—mostly affluent consu

FORTUNE -- As the eurozone approaches a critical point in resolving its ongoing debt crisis, American Express (AXP) CEO Kenneth Chenault says he is "more encouraged than discouraged" that leaders will strike a plan that would help ease investors' worries