American Express Co (AXP.N)
7 Aug 2020
Fri, Jul 24 2020
LONDON British Airways-owner International Airlines Group said American Express would pay it 750 million pounds ($955 million) to renew their partnership, providing a welcome boost to the airline's finances at a time when it is burning through cash.
SHANGHAI China's central bank has given the final nod to a network clearing license for an American Express joint venture, allowing it to be the first foreign credit card company to launch onshore operations in China.
* SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN AFLAC INC - SEC FILING
Credit card issuer American Express Co said on Friday it would cut spending by nearly $3 billion in 2020 after its quarterly profit sank 76% as it set aside more money to brace itself against a wave of potential delinquencies.
* AMERICAN EXPRESS CO SAYS CEO STEPHEN SQUERI'S FY 2019 TOTAL COMPENSATION WAS $23.8 MILLION VERSUS $17.3 MILLION IN FY 2018 - SEC FILING