Friday, September 9, 2011

Discover Financial Services Announces Third Quarter 2011 Earnings Release and Conference Call

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS) plans to report its third quarter 2011 results before the market opens on Thursday, Sept. 22, 2011. The earnings release will be available on Discover's corporate website
A conference call to discuss the firm's results, outlook and related matters will be held at 11 a.m. Eastern time. The general public is invited to listen to the call by dialing 800-447-0521 (U.S. domestic) or 847-413-3238 (international), passcode 30678505, or via a live audio webcast through the Investor Relations section of the website. For those unable to listen to the live broadcast, a replay will be available on our website or by dialing 888-843-7419 (U.S. domestic) or 630-652-3042 (international), passcode 30678505, beginning approximately two hours after the event. The replay of the conference call will be available through Oct. 22, 2011.
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information,

American Express Announces Harshul Sanghi as Head of New Enterprise Growth Group Office in Silicon Valley

NEW YORK & SILICON VALLEY, Calif.--(BUSINESS WIRE)--American Express (NYSE: AXP) today announced Harshul Sanghi will lead the Enterprise Growth Group’s new office in Silicon Valley, slated to open later this year. The Enterprise Growth Group is a new business unit within American Express focused on expanding alternative mobile and online payment services beyond the traditional card and travel businesses. Sanghi will work to broaden and strengthen American Express’ existing online and mobile products through key partnerships with the local technology and venture communities. Sanghi has extensive corporate venture experience and a strong mobile background from his most recent role at Motorola Ventures.
“The payments industry is experiencing a significant transformation and I believe this is just the beginning”
“Building the Enterprise Growth Group on the west coast has always been critical to new business development. Silicon Valley is home to countless technology companies and venture firms who are important to our long term success,” explained Dan Schulman, Group President, Enterprise Growth, American Express. “Harshul’s unique background and strong relationships within the venture community made him a clear choice for this position and we’re thrilled to have him join the team.”
“The payments industry is experiencing a significant transformation and I believe this is just the beginning,” said Harshul Sanghi, new head of Enterprise Growth Group, Silicon Valley. “Strategic partnerships with local start-ups will allow American Express to leverage emerging technologies, keep pace with rapid changes in consumer behavior, and retain our strong leadership position in the coming years.”
Prior to accepting his new position with American Express, Sanghi was the Managing Director of North American venture activities for Motorola Mobility. In this role, Harshul worked diligently to re-establish Motorola’s Silicon Valley presence through venture investing, positioning Motorola as one of the most well-known strategic partners in the start-up space.
Before joining Motorola, Sanghi was the Vice President, Business Development at Ucentric Systems Inc., where he positioned the company as an industry leader in whole home media and multi-room DVR solutions. Sanghi was an instrumental leader during the acquisition of Ucentric by Motorola. Prior to that, Sanghi led Philips Electronics’ satellite set top box business in North America.
Sanghi also has extensive general management and business development experience in the semiconductor, enterprise software, and consumer electronics industries. Sanghi attended the University of Oregon, where he received a bachelor’s degree in Computer Science; and later acquired his M.B.A. from the International Institute for Management Development (IMD) in Switzerland.

American Express Executives to Participate in Investor Conferences

NEW YORK--(BUSINESS WIRE)--American Express (NYSE: AXP) today announced its participation in the following investor conferences:
  • Group President Dan Schulman will participate in the Goldman Sachs Financial Technology Conference on Tuesday, September 13, 2011, at 8:15 a.m. (ET). Mr. Schulman will participate in a question and answer session relating to the priorities and strategic vision of the Company’s Enterprise Growth Group.
  • Chief Financial Officer Dan Henry will participate in the Barclays Capital Global Financial Services Conference on Wednesday, September 14, 2011, at 12:00 p.m. (ET). Mr. Henry will participate in a question and answer session relating to the Company’s recent results and strategies.
Live audio webcasts will be made available to the general public through the American Express Investor Relations website at An audio replay of each presentation will be available after each event at the same website address.

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