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Share Name | Share Symbol | Market | Type |
---|---|---|---|
American Express Company | NYSE:AXP | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-2.95 | -1.27% | 229.55 | 233.35 | 229.13 | 233.26 | 987,663 | 15:59:31 |
A federal judge ordered American Express Co. to revise its merchant agreements to allow them to steer customers to other forms of plastic payments, including debit cards.
The order implements a February ruling by U.S. District Judge Nicholas Garaufis that New York-based American Express violated antitrust laws by not permitting merchants to encourage customers to use cheaper cards. His ruling followed a bench trial last summer.
American Express reiterated that it will appeal the decision, saying it will hurt competition.
Write to Robin Sidel at robin.sidel@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year American Express Chart |
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