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`Pineapple Express' tastes familiar

AP — Mon, 04 Aug 2008 20:39:31 +0000

The formula is pretty familiar by now in these Judd Apatow-produced comedies. A couple of buddies get into trouble, and as they try to bumble their way out of it, their friendship only grows...

American Express shares tumble as 2Q profit falls

AP — Tue, 22 Jul 2008 05:37:28 +0000

In a sign that even wealthier consumers are feeling the pinch of the credit crisis, American Express Co. said its second-quarter profit tumbled as it set aside more money to cover souring loans across all its portfolios.The credit card lender,...

American Express 2Q profit tumbles 38 percent

AP — Mon, 21 Jul 2008 20:41:36 +0000

American Express Co. says second-quarter profit tumbled 38 percent as the credit card lender set aside an additional $374 million in reserves.For the period ended June 30, the New York-based company says it earned $653 million, or 56 cents per...

American Express sees worsening credit conditions

AP — Wed, 25 Jun 2008 19:01:49 +0000

American Express Co. has ended another round of litigation with a rival card company, but still faces serious headwinds from its customers.After announcing Wednesday that it will be getting $1.8 billion from MasterCard Inc. in settlement of an...

MasterCard to pay $1.8 billion to settle AmEx suit

AP — Wed, 25 Jun 2008 12:20:35 +0000

MasterCard says it will pay about $1.8 billion to American Express to settle an antitrust lawsuit.The Purchase, N.Y., credit card company says it will make 12 quarterly payments of $150 million to its rival. MasterCard plans to book a $1 billion...

Staples lands Corporate Express for $2.7 billion

AP — Thu, 12 Jun 2008 07:01:01 +0000

Staples Inc.’s four-month campaign to acquire Corporate Express NV finally yielded an agreement Wednesday, a $2.7 billion deal that Staples hopes will put further distance between itself and U.S. rivals Office Depot and OfficeMax. Its two...

Staples lands Corporate Express for $2.7B

AP — Wed, 11 Jun 2008 20:00:22 +0000

Corporate Express accepts $2.7B Staples offer

AP — Wed, 11 Jun 2008 11:20:10 +0000

The Dutch office supplies distributor Corporate Express NV accepted a sweetened buyout offer Wednesday of about $2.7 billion from U.S. office supplies retailer Staples Inc.Staples, which doggedly pursued the deal to broaden its reach in Europe,...

Staples comes back, again, for Corporate Express

AP — Tue, 03 Jun 2008 18:46:44 +0000

Staples Inc. raised its hostile bid for Corporate Express NV again Tuesday the Dutch company’s surprise bid for another office products supplier that would create a viable global competitor.At $2.6 billion, Staples’ new offer is 14...

Staples raises bid for Corporate Express to $2.6B

AP — Tue, 03 Jun 2008 10:19:25 +0000

Staples Inc. on Tuesday raised to $2.6 billion its hostile bid for Dutch office supplies distributor Corporate Express NV.Rather than accepting two previous overtures from Staples, Corporate Express last month struck a surprise deal to buy a...