AmEx News
American Express Q4 profit tumbles; tops estimates
New York: American Express Co said on Monday its fourth-quarter earnings tumbled 72 per cent due to higher loan losses, lower customer spending and a strengthening US dollar, but results beat expectations as it slashed costs.
The company's shares rose 2.5 per cent in after-market trading after falling 5 per cent when the market was open. Revenue fell 11 per cent, and the company cautioned that 2009
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