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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.
News For AXP From The Last 14 Days
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December 18, 2014
10:01 EDTAXPOn The Fly: Analyst Initiation Summary
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December 17, 2014
16:32 EDTAXPAmerican Express initiated with a Hold at Jefferies
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13:22 EDTAXPAmerican Express assumed with an Overweight at Morgan Stanley (pre-open)
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December 15, 2014
12:07 EDTAXPAmerican Express reports November write-off rate 1.4% vs. 1.3% last month
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December 11, 2014
10:02 EDTAXPAmerican Express, Delta Air Lines announce multi-year partnership extension
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December 10, 2014
12:50 EDTAXPAmerican Express says company was impacted by modest growth of global economy
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