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Reuters: American Express Q4 profit tumbles 72 percent

Started by chris, January 27, 2009, 12:59:10 AM

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chris

American Express Q4 profit tumbles 72 percent
      


NEW YORK (Reuters) - American Express Co said on Monday its fourth-quarter earnings tumbled 72 percent due to higher loan losses, lower customer spending and a strengthening U.S. dollar, but results beat expectations as it slashed costs.<div class="feedflare">
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