Archive for January 10th, 2008
American Express Sees Weaker U.S. Economy
WILL INCREASE RESERVES WITH APPROXIMATELY $440 MILLION FOURTH QUARTER CHARGE
COMPANY ADOPTS CAUTIOUS OUTLOOK FOR 2008
NEW YORK, January 10, 2008 — American Express Company (NYSE:AXP) said today that it is seeing signs of a weaker U.S. economy, as Cardmember spending began to slow and delinquencies and loan write-offs trended upward during December. Given the credit-related [...]
