Entries tagged "American Express Corp."
The banking sector was in a sea of red by midday Tuesday following the overall market downturn on more negative news. Investors are looking for a safe haven for their money, fearing a General Motors Corp. bankruptcy, continuation of weak earnings and the housing industry asking the government for a housing stimulus. American International Group Inc. continues to slide as investors swallow news the day after an announcement of a bigger bailout package that would total $150 billion. Meanwhile, credit card company American Express Co. is down on news that it reorganized its corporate structure, receiving approval from the...