Amex to Record Charge, Cut Jobs
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American Express (AXP.N: Quote, Profile, Research) on Friday said it expects to record a fourth-quarter pretax charge of up to $120 million and cut 2,000 jobs related primarily to a restructuring of its business travel unit and the
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ABN AMRO is to cut 2,850 jobs in its IT, investment banking and corporate banking divisions as part of a plan to cut a total of â¬770 million in costs from 2007.
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Telecommunications company Sprint Corp. on Friday said it will record an unspecified third-quarter impairment charge that will reduce the value of its long-distance network assets, and will realign its sales efforts in a plan that will cut up to 700 jobs in its Sprint Business Solutions division.
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Credit card company American Express  said on Thursday that a slowdown in cardholder spending and rising delinquencies would lead to a pre-tax charge of around $440 million for the fourth quarter.
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ST. LOUIS - Utility holding company Ameren Corp. announced plans Wednesday to reduce its payroll by offering 950 union and management employees financial incentives to leave.
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NEW YORK - America Online plans to cut about 700 jobs next month, a person familiar with the matter said yesterday. The 5 percent cut in its US work force is an attempt to meet financial targets as users leave the service for broadband connections.
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American Express (AXP.N: Quote, Profile, Research) on Monday said quarterly earnings rose 14 percent, matching analysts&#39; expectations, as cardholder spending and borrowing increased while loan losses fell.
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New York-based credit card and travel services company American Express Co  is expected to sell its private banking business within weeks, said a source familiar with the matter.
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NEW YORK, November 1  - Office Depot Inc (ODP.NYS) has announced its plans to consolidate its call centre and account management operations, leading to about 900 job cuts and a charge of about $12.
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IMS Health Inc  said on Friday it will cut 10 percent of its work force, or about 1,050 jobs, as part of a cost-cutting plan and take a pretax charge of $86 million to $90 million in the fourth quarter of 2007.
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Network gear maker Enterasys Networks  Inc. ETS.N on Friday said it would cut about 115 jobs and  said expects to record severance charges of $3.5 million to  $3.8 million.
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Marsh & McLennan Cos. MMC.N on   Friday said it will cut 750 jobs and take a $225 million charge   in its second cost-cutting plan in two years in a bid to save   $350 million annually.
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Computer Associates (Quote, Chart) said it would cut 800 employees from its payroll in order to save $70 million per year. The move is part of the Islandia, NY-based management software maker&#39;s plan to streamline operations.
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American Express will receive a payment of about $2.1bn from Visa after it sued the credit card giant.
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ABN Amro Holding NV, the largest Dutch bank, plans to cut 2,850 jobs, or about 3 percent of its workforce, to stem a decline in operating profit as revenue growth stalls.
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Citigroup Inc , the largest U.S. bank, may eliminate 17,000 to 24,000 jobs and write off as much as $24 billion for subprime and other credit losses, as part of a plan to cut costs and add capital, CNBC television said on Monday.
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American Express Co. , a global credit card and travel services company, on Tuesday said it will spin off its personal finance unit, American Express Financial Advisors, to shareholders in the third quarter.