Tag Archives: AXP

Amex says travel dreams are live | Instant News


Thinking of that big trip you’ll take once the pandemic is over? You are not alone, according to American Express. The company said on Friday that improvements in airline spending seen through June on some of its cards were waning, with larger year-over-year declines in the first half of July than in June, although spending on other travel and entertainment categories such as restaurants continued to rebound. However, the card company also noted that some of its partner cards co-branded with airlines, such as Delta and ….



image source

Carlyle, GIC Returns From AmEx Global Business Travel Deal | Instant News


Carlyle Group Inc. private equity company and the Singapore state fund GIC Pte. Ltd. stepped down from the deal to take a 20% stake in American Express Global Business Travel, whose revenues have fallen due to the coronavirus pandemic. The deal, announced in December, valued the company at $ 5 billion, including debt. It was scheduled to close Thursday but representatives for Carlyle and GIC told AmEx Global Business Travel on Wednesday that they would not participate in the closure, according to people known …
.



image source

Judge Enables Travel-Industry Agreement, Refuses Antitrust Complaints from the Department of Justice | Instant News


A Delaware federal judge dismissed the Department of Justice challenge over an agreement in which the Saber Corp travel booking service sought to obtain a new, stinging ruling that could hamper antitrust enforcement in future cases.

District Judge A. Leonard Stark, in a ruling announced Wednesday, ruled that the department failed to prove that Farelogix Inc.’s planned purchase. planned by Saber will unlawfully suppress competition.

.



image source