Entries tagged "American Express Co."
The line for government bailout money may be getting longer. Inspired by the banking bailout, automakers General Motors Corp., Ford Motor Co. and Chrysler LLC are lobbying for government help, and now credit card company turned bank holding company American Express Co. is reportedly seeking $3.5 billion in taxpayer-funded capital, according to The Wall Street Journal. ...
Stay tuned to TheDeal.com for these stories and more.After months of speculation about the $26 billion buyout of Clear Channel Communications Inc., the broadcaster and the two private equity firms that insist they still want to buy it are taking their banks into court. Clear Channel and the buyers announced after the market closed Wednesday that they had brought three suits against a Citigroup Inc. led lending syndicate that agreed more than a year ago, when the credit markets were robust, to finance the massive take-private. Late Wednesday, Clear Channel said it had scored an initial victory in the case...
