American Express credits 'robust' spending for earnings beat

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American Express's (AXP) third quarter earnings beat analyst estimates. Compared to the last year, revenue increased 13 percent and earnings per share rose...

) third quarter earnings beat analyst estimates. Compared to the last year, revenue increased 13 percent and earnings per share rose 34 percent.Live news: Landmark Toronto condo put into receivership after racking up $1.7 billion in debt

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-- A drumbeat of bad news for Apple Inc. is casting doubt on the argument that the world’s most valuable company is immune to risks related to economic turbulence.

The chief executive of Dutch semiconductor equipment maker ASML Holding NV said one more of its products falls under new export restrictions rules affecting China announced by the U.S. this week. "In principle the 1980s would fall under the export control restrictions, but only when ... are used for advanced semiconductor manufacturing," CEO Peter Wennink said at a press conference late on Wednesday.

 

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