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Report: American Express sued for misleading investors about Costco
New York -- American Express Co and Costco Wholesale Corp. are at it again.
A lawsuit has been filed accusing American Express of misleading investors about the loss of its contract with Costco after having failed to reveal how significant that business had become to the credit-card company, Reuters reported.
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Who’s spending money … and where are they spending it?
New York -- The big spenders are at Costco.
People spent 149% more at Costco than at other retailers, according to mobile-location firm Placed, which linked store spending to tracked locations. Best Buy BJs, Sam's Club and Ikea also ranked high, Advertising Age reported.

