This Blog is dedicated to the Truth Movement with news analysis and commentary.
Thursday, October 30, 2008
American Express Severs 7,000 Employees
"American Express to cut 7,000 jobs, save $1.8 billion
NEW YORK — 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. --more--"