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Costco Divorce Shakes Up AmEx.

Authors :
SIDEL, ROBIN
Linebaugh, Kate
Source :
Wall Street Journal - Eastern Edition. 2/13/2015, Vol. 265 Issue 36, pA1-A2. 2p. 1 Color Photograph.
Publication Year :
2015

Abstract

The article reports that retailer Costco Wholesale Corp. and financial firm American Express Co. (Amex) will end their agreement under which Amex credit cards were the only ones accepted at Costco outlets. Amex chief executive Ken Chenault said his company was unable to reach agreement on an economically sensible renewal of its current pact with Costco. Banking companies J. P. Morgan Chase & Co. and Citigroup Inc. are both seeking to offer co-branded credit cards with Costco.

Details

Language :
English
ISSN :
00999660
Volume :
265
Issue :
36
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
100942364