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American Express 3Q profit leaps 71 percent

American Express Co. today said its third-quarter profit jumped 71 percent as its card holders spent more and it wrote off fewer unpaid bills. For the three months ended Sept. 30, the card company’s net income rose to $1.08 billion, or 90 cents per share, from $632 million, or 53 cents per share, in the… Continue Reading American Express 3Q profit leaps 71 percent

American Express to cut 4,000 jobs

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NEW YORK – American Express said Monday it is eliminating about 4,000 jobs as part of a plan to slash another $800 million in costs for the remainder of the year.The layoffs represent about 6 percent of the New York-based credit card issuer’s current global work force. Many of the affected workers were notified in… Continue Reading American Express to cut 4,000 jobs

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