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Leash on expenses helps AmEx counter muted user spending

American Express Co's quarterly profit beat analysts' average estimate as a tighter control on expenses helped make up for slower growth in consumer spending in its key U.S. market.The world's biggest credit card issuer said an unusually severe winter caused billed business in the United States to rise 6 percent in the first quarter, lower than the 9 percent growth in the preceding quarter.However, Chief Financial Officer Jeff Campbell said on a post-earnings conference call that the business had grown through the second half of the quarter as the weather improved.U.S. retail sales increased 1.1 percent in March ÛÛÛ the biggest gain since September 2012 ÛÛÛ in a sign that the economy is bouncing back after the severe winter."While consumers remain cautious about taking on additional debt, we continued to see a modest increase in card member loan balances" CEO Kenneth Chenault said in a statement.For a graphic on the company's U.S. billed business growth over the past four years, click ...

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  1. Snowstorm Threatens Business -Travel Havoc

    Thousands of flights are being cancelled and certain public transportation systems are cross-honoring tickets Tuesday as the second major snowstorm of 2014 pounds th...

  2. Business travel spending projected to rise to $290B in 2014

    Global Business Travel Association COO Mike McCormick weighs in on the state of business travel .

  3. GBTA: Airlines, Hotels to Benefit as Business Travel Rallies

    Demand for airline tickets and hotel rooms is expected to increase in 2014 as more corporations send employees on the road.Ending a stronger-than-expected year for b...

  4. Fee to sit in 'quiet zones' on planes if calls are allowed?

    A look at potential impact of measure

  5. Hertz Adopts Shareholder Rights Plan

    Hertz Global Holdings (NYSE:HTZ) adopted a one-year shareholder rights plan to ward off investors looking to amass a large stake in the car-rental giant.The company ...

  6. What Consumers Can Expect to Pay in 2014

    Consumers' wallets could take a hit in the new year as prices on certain products are expected to rise—but it's not all bad news.Consumers caught a break at the pump...

  7. Travel predictions for 2014

    You’ll pay less for many flights within the U.S. (It’s about time!) wars and tig...

  8. Tax tips for writing off your office holiday party

    Federal Tax Practitioner David Selig offers advice on holiday tax write offs

  9. Bob's office holiday party do's and don'ts

    Beckel reveals his top tips

  10. Bart Chilton: Volcker Rule is designed to avoid another economic collapse

    CFTC Commissioner Bart Chilton on the Volcker Rule.

  11. The end of expense reports for business travel ?

    Concur Technologies CEO Steve Singh on how the company helps reduce the costs and paperwork of business travel .

  12. Winter weather wreaking havoc on travel

    George Hamlin of Hamlin Transportation Consulting weighs in on winter weather and the travel sector.

  1. Business Travel Seen Heating Up After Tough Winter

    Business travel is expected to be even bigger than originally expected this year despite the harsh winter weather in the first quarter that led to some of the worst ...

  2. Should you take the car rental insurance?

    The question comes up whenever you rent a car : Should you buy the loss damage waiver, which limits or eliminates your financial liability for damage to the vehicle ...

  3. Fox Flash: Best baggage bets

    Travel expert Mark Murphy on luggage choices

  4. How safe is your luggage?

    Tips to safeguard your suitcase

  5. How Major Airlines Compare on Fees, Perks

    Maybe you want to deplane quickly on your next flight. Or check your one piece of luggage for free. Or get a roomy row where your knees don't hit the seat in front o...

  6. Impact of pilot shortage on airline prices

    Will costs for travelers soar?

  7. Why your next flight might be cancelled founder Mark Murphy breaks down what you need to know about the Cancellator, an algorithm that impacts flights.

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