American Express Sales, Profit Rise on Higher Card Member Spending

The credit-card company posted higher sales and profit in the second quarter, thanks to higher spending among its credit-card members.

Booz Allen Says Accelerating Demand, Cost-Cutting Efforts Are Boosting Business

Booz Allen Hamilton said demand is picking up across several parts of its business and that cost-cutting initiatives are bearing fruit, resulting in higher-than-expected profit during the recent quarter.

Wise Group Shares Drop After U.S. Regulator Denies License on Shortcomings