American Express to Spin Off Unit
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American Express Co. AXP.N, the  global credit card and travel services company, on Tuesday said  it will spin off its personal finance unit, whose 12,000  advisers sell financial planning and other services to 2.5  million customers.
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InterActiveCorp (IAC) plans to spin-out Expedia and its other travel-related sites as a separate company next year, the company announced this morning.
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Cardholders have been surprised to find that the MBNA Corporation has switched their accounts from Visa or MasterCard to American Express, MBNA's new partner.
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Cendant Corp., the world&#39;s top hotel franchisor, said Tuesday that it plans to spin off its mortgage and fleet operations in the first quarter of 2005 by distributing PHH Corp.
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Acme United Corporation (AMEX:ACU) will release its financial results  for the Fourth Quarter of 2006 on Friday, March 2, 2007 at 9:00 a.m. EST.  A conference call to discuss these results will be broadcast over the  Internet at 12:00 p.m. EST.
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American Express has said that it expects to record a pre-tax charge in the fourth quarter of 2004 of approximately $100 million to $120 million in connection with various restructuring activities that it is undertaking within certain business units and
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Loews Corp  said on Monday that it planned to spin off its Lorillard Inc cigarette unit, whose brands include Newport, Kent and Maverick.
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NEW YORK, October 4  - SunGard Data Systems (SDS.NYS), a leading provider of software solutions for the financial services industry, has decided to spin-off its data availability services business to its shareholders through a tax-free
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Loews, which has interests in financial services, hotels and watches, said it plans to spin off Lorillard, one of the largest U.S. cigarette makers, into a separate publicly traded company.
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American Express said Friday it expects to record a fourth-quarter pre-tax restructuring charge of up to $120 million and cut 2,000 jobs.
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Kraft, the world's second-largest food and drinks firm, is to be spun off by its owner into a separate business.
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Morgan Stanley  on Tuesday said it will spin off its Discover division, ending its foray into credit cards, as the parent company capped a record year with better-than-expected quarterly results.
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American Express Co said it will cut 2,000 jobs, or 2.5 per cent of its work force, in a restructuring designed to save more than USD 75 million a year before taxes.
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New York (Dow Jones) -- American Express Co. said Friday it will cut 2,000 jobs, or 2.5 percent of its work force, in a restructuring designed to save more than $75 million a year before taxes.
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SunGard Data Systems Inc. said Monday it will spin off its information availability services business, which helps organizations maintain access to their electronic data during everything from minor mishaps to major disasters.
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WASHINGTON - American Express tells its cardholders, &quot;Don&#39;t leave home without it.&quot; But some businesses wish their customers would do just that.
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Morgan Stanley , the second-largest investment bank, said on Tuesday it will spin off its Discover credit-card division as it posted better-than-expected quarterly results on strong banking and trading.