Saturday, January 12, 2008

From Sub-Prime To Credit Cards

American Express Warns About Earnings

American Express forecast first-quarter earnings below analysts’ estimates on Thursday and adopted a “cautious view” for 2008 because of a slowing economy... Another credit card company, The Capital One Financial Corporation, said that its 2007 earnings would fall short of its previous expectations because of increased loan delinquencies and additional legal reserves.

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