Costco to drop AmEx cards in U S stores next year
Costco Wholesale will stop accepting American Express credit cards at U S locations next year. AmEx warned the contract loss could hurt earnings for two years, with JPMorgan analysts estimating about 80 billion dollars in annual card spending impacted.
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Expedia to acquire Orbitz in $1.33 billion cash deal
Expedia announces the purchase of Orbitz Worldwide for about 1.33 billion dollars in cash as its third buy this year. The move aims to boost scale against Priceline Group, while regulators are seen as unlikely to block the deal.
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