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ray | 31st Oct 2008, 01:22 AM | 股票諸事 | (235 Reads)
American Express said on Thursday that it would cut 7,000 jobs,

lower compensations, reduce operating costs and scale back investments to save $1.8 billion in 2009 as it struggles with the worst financial crisis in decades.

Shares of the company were up 2.7 percent at $15.90 in morning New York Stock Exchange trade.

The company will take a restructuring charge of $370 million to $440 million pretax, or $240 million to $290 million after taxes, in the fourth quarter.

"The charge is primarily associated with severance and other costs related to the elimination of approximately 7,000 jobs or about 10 percent of the Company's worldwide workforce," American Express said in a statement.

American Express posted lower earnings for the third quarter as it set aside more money to cover growing losses in its credit card business.

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[1] Re: Dr. 168 the Great
Dr. 168 the Great :
祝大家 Halloween 都玩得開開心心!

thx 任寅博士~

ray
[引用] | 作者 ray | 31st Oct 2008 11:20 AM | [舉報垃圾留言]