American Express (AXP) to Cut Workforce by 5,400; Sees Charge
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American Express (AXP) Prelim. Q4 Numbers Top Views; Will Cut Thousands of Jobs
January 10, 2013 4:26 PM ESTAmerican Express (NYSE: AXP) reported preliminary fourth-quarter results and updated investors on several charges, including a large employee reduction plan.
Revenue rose five percent to $8.1 billion, in-line with consensus expectations, while adjusted earnings of $1.09 per share topped views by three cents.
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