Business briefs
Hot water
American Express is facing an enforcement action by the Federal Deposit Insurance Corp. and possibly the Consumer Financial Protection Bureau over late fees the company charged some charge-card customers.
In orbit
Orbitz Worldwide rose 11.6 percent to $3.46 after Jefferies & Co. raised its price target and 2012 earnings estimate for the online travel agent.
Tweet no!
Biz Stone, one of Twitter’s co-founders, has warned the micro-blogging site’s estimated 500 million users that spending too much time on it is “unhealthy.”
BofA bias suit
African-American brokers who accused Bank of America’s Merrill Lynch unit of bias can pursue their lawsuit in a class action, a federal appeals court in Chicago said, reversing a lower-court ruling.
Energized
A group led by Apollo Global Management agreed to acquire El Paso’s oil and natural gas exploration business for $7.15 billion in the second-biggest private-equity takeover of an energy producer.

