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American Express to Invest $100M in Start-ups

american express
American Express Co. is launching a $100 million fund as a new multi-year program designed to help accelerate the company's digital transformation, as it tries to add consumers in new geographies and attract younger generations.
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Gold bars

Gold Withstands Stampede, Slips Just $8

Gold prices slipped modestly Wednesday as stock investors in Europe and the U.S. dumped their holdings and abandoned the euro in a global stampede to safety.
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GM Outlook Disappoints, Shares Tumble

General Motors Co posted a lower third-quarter profit on losses in Europe and offered a disappointing outlook that raised doubts about the speed of its turnaround two years after emerging from bankruptcy.
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HSBC says may leave UK, hit by U.S. bad debts

HSBC gave its starkest warning to date that new regulations might force it to leave Britain and said its U.S. bad debts had jumped as more homeowners stopped payments on their mortgages.
Oil barrels

EIA: U.S. Crude Oil Production, Inventories Drop

U.S. Energy Information Administration today reports U.S. crude oil refineries saw a drop in the number of barrels produced this week, contradicting the American Petroleum Institute's report.
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Gabon averts oil strike threat for now

Gabon's oil union ONEP has re-launched talks with the government on a dispute over the use of expatriate labour, averting for now the threat of a strike in the sector.
HTC Sensation XL and Apple iPhone 4S

Will HTC Sensation XL Outrun Apple iPhone 4S Worldwide?

HTC released its Sensation XL with Beats Audio in the UK market on Oct. 6. Despite not hitting the U.S. shores officially, the HTC Sensation XL with its huge 4.7-inch screen is expected to give tough competition to Apple Inc.'s iPhone 4S worldwide.
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Retail marketers keep holiday optimism in check

Chief marketing officers at U.S. retailers are cautious heading into the holiday season, though those at larger chains are a bit more optimistic about their prospects, according to a survey conducted by BDO USA.

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