American Express has agreed to pay more than $138 million to resolve a wire fraud investigation related to its sales and marketing practices, federal authorities announced Thursday. The New York-based financial giant provided inaccurate tax advice to customers and potential customers on wire products primarily marketed at small and

Under a nonprosecution agreement the company is to pay a $77.6 million fine and forfeit $60.7 million for the revenue that could have been owed from its Payroll Rewards and Premium Wire programs.

The Justice Department said the company misrepresented its credit card rewards and fees and made false claims about the tax benefits of its wire transfer products.

An unusually difficult Stadium Course gave those players on the Nicklaus Tournament Course and La Quinta Country Club a leg up

A stampede up the leaderboard, led by J.T. Poston’s 10-under 62 on the Nicklaus Tournament Course at PGA West, signaled business as usual for The American Express.

J.T. Poston shot a 10-under 62 to take a one-stroke lead over Justin Lower in the opening round of The American Express on Thursday. Poston carded nine birdies and an eagle on the Nicklaus Tournament Course at PGA West in the Palm Springs-area desert.