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Stock Market & Financial Investment News

News Breaks
January 10, 2013
16:08 EDTAXPAmerican Express sees $400M restructuring charge in Q4
The company sees in Q4 a $400 million restructuring charge, $287M after-tax, designed to contain future operating expenses, adapt parts of the business as more customers transact online or through mobile channels, and provide the resources for additional growth initiatives in the U.S. and internationally. A $342M expense, $212M after-tax, reflecting enhancements to the process that estimates future redemptions of Membership Rewards points by U.S. cardmembers. Approximately $153M, $95M after-tax, of cardmember reimbursements.
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July 15, 2014
12:01 EDTAXPAmerican Express reports June net charge off rate 1.5% vs. 1.6% last month
Reports June 30 days past due loans 0.9% vs. 1.0% last month.
07:24 EDTAXPMicrosoft to hold a conference
MSFT Worldwide Partner Conference to be held in Washington, D.C. on July 13-17.

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