American Express Spins Off Advisory Unit
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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.
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American Express Co. said Friday that it is eliminating about 2,000 jobs in a restructuring that will cost $100 million to $120 million in the fourth quarter before taxes, and is designed to save the financial
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Manhattan-based financial services firm Cantor Fitzgerald said Tuesday it is spinning off its inter-dealer voice brokerage business and will concentrate on sales and trading, investment banking, asset management and other institutional services.
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SAN FRANCISCO (AFX) -- American Express said Monday that in light of the Supreme Court&#39;s decision against Visa and MasterCard, it will seek partnerships with US banks.
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American Express Co , a credit card issuer and network, posted weaker-than-expected second quarter results on Monday, as its funding costs rose and it set aside more money for credit losses.
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Iceland's FL Group has written to the board of American Airlines parent AMR Corp and urged it to consider a number of strategic alternatives, including spinning off its frequent-flyer program.
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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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American Express Co.  said on Wednesday that it will replace Ernst & Young LLP with PricewaterhouseCoopers LLP as its independent registered public accountant.
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U.S. stocks ended higher on Tuesday,  as a drop in oil prices eased worries about high corporate  energy costs and American Express Co. AXP.N lifted the Dow  after the company said it will spin off its personal finance  unit.
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NEW YORK (CBS.MW) - When companies spin off units, it&#39;s often a way to shed underperforming assets and move on. Free! Sign up here to receive our Internet Daily e-Newsletter!
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FORT WORTH-In a dual-pronged move, Cash America International Inc. has exited the European market after a 12-year run and has dibs on buying a competitor to get a foothold in the Western US.
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Insurer Tower is going ahead with a plan to spin off its Australian money management business, raising A$130 million ($143 million) for acquisitions in the transtasman life and general insurance markets.
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American Express has recently suffered considerable damage as around 20 thousand US banks could not use AE cards. &quot;Consumers have been damaged by the boycott by being deprived of competitive alternatives,&quot; said
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Bank of America Corp. said it has folded Quick &amp; Reilly, the brokerage arm of FleetBoston Financial Corp. , into its own brokerage. The bank is in the process of changing the Quick &amp; Reilly signs to the new name, Banc of America Investment Services Inc., and it already has changed the design of Quick &amp; Reilly's website. A spokesman ...
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American Express is suing Visa and MasterCard plus eight US banks, claiming anti-competitive tactics kept it out of the market. The litigation is the latest setback for Visa and MasterCard, which last month
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American Express Co. , the  fourth largest U.S. credit card company, posted  weaker-than-expected second quarter results on Monday, as its  funding costs rose and it set aside more money for credit  losses.
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Morgan Stanley , the second-largest investment bank by market value, said on Tuesday it would spin off its Discover credit-card division as quarterly profit fell 11 percent.