In business for 175 years, Amerian Express is evolving into a global consumer services provider.
Stocks are lower at midday and the sluggish trading environment persists as investors remain on the sidelines ahead of Bernanke speech.
Despite its recent struggles, the retailer maintains a positive outlook.
Dow sheds 125 points to below 13,000. Weak economic data out of Japan, South Korea and Europe put the focus back on international issues. US retailers report generally better-than-expected sales, while jobless claims remain flat.
The company is trying to reach out to its tool-loving male customers with a new clothing line.
Offline retailers like Wal-Mart and Sears are lowering prices to stay competitive with the e-tail giant.
But the retailer's struggles are far from over.
Shares of Facebook slump as their lockup period ends. Jobless claims rise and housing starts decline, while building permits jump to a 4-year high. Wal-Mart slips on a disappointing outlook. Cisco rallies on a dividend hike.
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New study finds members of this global elite are stashing an average $600 million each in cash -- 10 times more than a year ago.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
CareerCast has released its list of jobs that really aren't as glamorous as they seem.
Six weeks later, most Americans have forgotten about the 2014 tax season -- except those who didn't file by the April 15 deadline.
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