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Amex investors seek revenue boost after changes
Published Thu, Feb 18, 2016 · 09:50 PM
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New York
AMERICAN Express Co's (Amex) US$1 billion cost-cutting target and management changes announced on Wednesday did little to reverse its stock rout as investors and analysts wait to see whether the moves will succeed in boosting revenue.
The measures - creating and reshaping units while reassigning more than a half dozen senior managers - mark chief executive officer Ken Chenault's…
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