SUBSCRIBERS
Amex CEO braces for 'new reality' as profit falls 38%
Published Fri, Jan 22, 2016 · 09:50 PM
New York
AMERICAN Express Co's performance last year was disappointing and chief executive officer Ken Chenault wants investors to know he feels their pain.
"Let me acknowledge that the performance we're discussing today is not what we or you or I are accustomed to seeing from American Express," Mr Chenault, 64, told analysts on Amex's earnings conference call on Thursday. "We recognise that we are operating in a new reality."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Cordlife says private placement is to address urgent cash needs
Cordlife substantial shareholders lay out separate plans to address issues after AGM
Disney, Warner Bros Discovery launch US streaming bundle
Indian winemaker Sula Vineyards' Q4 profit slips on mounting expenses
Olam tops Louis Dreyfus’ offer for Australia’s Namoi Cotton as takeover battle heats up
Puma returns to sales growth in Americas despite ‘volatile’ market