22 July, 2015 by The TZ Newswire Staff Comments Off on Cost cutting eases strong-dollar pain for American Express
Cost cutting eases strong-dollar pain for American Express
Stiff competition, a strong U.S. dollar and sluggish revenue growth in recent years prompted AmEx to announce in January that it would ax over 4,000 jobs this year. Salaries and employee benefits, AmEx’s second-biggest expense, fell 25 percent to $1.25 billion in the three months ended June 30, pulling total costs down by 4 percent to $5.6 billion. This helped AmEx report earnings of $1.42 per share instead of $1.32 per share as analysts had estimated, according to Thomson Reuters I/B/E/S.
22 July, 2015 by The TZ Newswire Staff Comments Off on Bank of America replaces CFO in management shake-up
Bank of America replaces CFO in management shake-up
CFO Bruce Thompson, 51, will be replaced by Paul Donofrio from Aug 1. Donofrio is currently the CFO of the consumer bank and wealth management. Brian Moynihan tapped Thompson to be chief financial officer shortly after he started as CEO.
22 July, 2015 by The TZ Newswire Staff Comments Off on Greek lawmakers approve fresh reforms demanded by creditors
Greek lawmakers approve fresh reforms demanded by creditors
Greece’s parliament passed a second set of reforms demanded by international creditors as the country looks to hold its place in the eurozone.
22 July, 2015 by The TZ Newswire Staff Comments Off on Cramer: All comes back to China
Cramer: All comes back to China
Mad Money host Jim Cramer looks at the correlation between current market conditions and China.
22 July, 2015 by The TZ Newswire Staff Comments Off on Should PayPal Shareholders Worry About Competition From Amex Express Checkout?
Should PayPal Shareholders Worry About Competition From Amex Express Checkout?
American Express recently launched a PayPal-like online checkout feature. Should PayPal’s shareholders be worried?
22 July, 2015 by The TZ Newswire Staff Comments Off on These Stocks Just Raised Their Dividends
These Stocks Just Raised Their Dividends
Our three lifters this week include a top cruise ship operator, an engine maker, and an energy giant.
22 July, 2015 by The TZ Newswire Staff Comments Off on Greek parliament passes second package of required reforms
Greek parliament passes second package of required reforms
Greece’s premier faced down rebels in his party, winning parliament’s backing for a second reform package needed to start bailout talks.