Costco Says Dumping American Express Was About “Saving Money For Customers”

Costco Says Dumping American Express Was About “Saving Money For Customers”

Yesterday, American Express announced the impending end of its monogamous relationship with Costco, meaning that not only will AmEx cards no longer be accepted at the popular warehouse store but that co-branded AmEx/Costco credit cards will be useless after March 31, 2016. Now Costco is breaking its silence on the split, saying it was all done in the best interest of Costco shoppers. [More]

AT&T CEO: T-Mobile Purchase Is "All About Consumers"

AT&T CEO: T-Mobile Purchase Is "All About Consumers"

Tomorrow morning the Senate Subcommittee on Antitrust, Competition Policy and Consumer Rights will hold a hearing titled “The AT&T/T-Mobile Merger: Is Humpty Dumpty Being Put Back Together Again?” It’s the first in what looks to be numerous hearings on AT&T’s pending purchase of T-Mobile USA and earlier today, AT&T CEO Randall Stephenson released his prepared statement to the subcommittee, where he explains that his company isn’t spending over $39 billion to leapfrog ahead of Verizon in the standings. No, it’s all about you, the consumer. [More]