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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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June 22, 2015
08:31 EDTAXPGlobal Payments to roll out OptBlue program for AmEx card acceptance in Canada
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