Amex GBT characterized the Justice Department’s lawsuit to block its proposed merger with CWT “a blatant politicized effort” that failed to recognize the robust and evolved nature of the ...

The U.S. Department of Justice filed a complaint seeking to block Amex GBT from acquiring rival company CWT Holdings. Antitrust litigation attorneys from Ropes & Gray and McCarter & English say ...

The deal would add 4,000 new clients for Amex GBT, which anticipates CWT to generate approximately $850 million in revenue ...

The basic premise of the lawsuit is that there is a distinct market for global/multinational (GMN) travel management and that only Amex GBT, CWT and BCD can fulfill the needs of this market.

10:29 EST U.S. sues to block AmEx Global Business Travel (GBTG) merger with CWT, Bloomberg says Discover outperforming stocks and invest smarter with Top Smart Score Stocks Filter, analyze ...

The UK's Competition and Markets Authority (CMA) has decided to conduct an in-depth investigation into the acquisition of CWT Holdings by American Express Global Business Travel Group, Inc. (Amex GBT) ...

Amex's (AXP) fourth-quarter spending growth of 8% compares with 6% in the prior quarter. And the company saw even faster growth in airline spending, which was up 13%. Spending on front-of-cabin ...

Amex reached agreements with federal prosecutors and the Federal Reserve to settle the allegations, according to statements from the parties involved. The misconduct stems from a practice where ...

Amex and CWT would pass those charges to clients, perhaps realizing once again that finding a substitute for GDS technology wouldn’t ever be a piece of cake. This article used some edited excerpts ...

The U.K. Competitions and Markets Authority has pushed back the deadline for its final decision on American Express Global Business Travel's acquisition of CWT to March 9 from the original Jan. 26 ...

Amex shares were little changed at 3:31 p.m. in New York. The $230 million penalty comprises $138 million for the Eastern District of New York and a separate agreement with the Justice Department ...