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American Express to Spin Off Finance Unit
By Joseph A. Giannone NEW YORK (Reuters) - American Express Co., the global credit card and travel services company, said on Tuesday it will spin off its less-profitable personal finance unit, boosting earnings prospects and its stock to the highest level in more than four years. American Express shares soared as much as 8.7 percent, their biggest one-day surge in more than two years. Financial details of the spinoff to shareholders were not disclosed. However, the company said the move wi... : American Express to Spin Off Finance UnitFinance Leaders Tackle Terror Financing
By Lesley Wroughton WASHINGTON (Reuters) - World finance ministers gathered under heavy guard on Sunday to discuss efforts to fight terror financing while warning the world must stay focused on the economic recovery and fight against poverty. Security has never been tighter at the International Monetary Fund and World Bank meetings, where finance officials and central bankers meet twice a year to discuss the gl... : Finance Leaders Tackle Terror FinancingGreenspan: U.S. Must Get Finances in Order
WASHINGTON (Reuters) - Federal Reserve Chairman Alan Greenspan said on Wednesday the U.S. economy entered 2005 in good shape but warned fiscal discipline was essential to meet future challenges. "All told, the economy seems to have entered 2005 expanding at a reasonably good pace, with inflation and inflation expectations well-anchored,"... : Greenspan: U.S. Must Get Finances in OrderGE Profit Rises 25 Pct as Revenue Soars
By Daisuke Wakabayashi BOSTON (Reuters) - General Electric Co. (GE.N: Quote , Profile , Research ) on Friday reported a 25 percent rise in quarterly profit as buoyant demand for diagnostic equipment and price increases propelled revenue well above Wall Street's expectations. Shares of the media, finance and industrial conglomerate, which because of its wide range of businesses is considered a ... : GE Profit Rises 25 Pct as Revenue SoarsBarclays to sweeten offer for Absa
By Marius Bosch JOHANNESBURG (Reuters) - Britain's Barclays (BARC.L: Quote , Profile , Research ) has raised its offer for a majority stake in South Africa's biggest retail lender Absa (ASAJ.J: Quote , Profile , Research ) and the deal will be approved by the country's finance minister on Sunday, a financial source said. The source said that Barclays had agreed to pay more than... : Barclays to sweeten offer for AbsaSource: Go to business
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