American Express Co. announced Thursday that it was cutting 5,400 jobs, primarily in its travel business, and take a $287 million restructuring charge associated with those layoffs.
The charge is likely to lower the company's adjusted fourth quarter net income by 46 percent from a year earlier. Excluding the charge, however, the company said its fourth quarter adjusted net income was $1.2 billion, or $1.09 per share.
As businesses face more complex regulations and heightened scrutiny by prosecutors, companies are turning to investigative firms to help keep watch over their employees.
The idea behind the "corporate monitoring" business is to nip misconduct in the bud before law enforcement catches a whiff of it. These corporate detectives-for-hire are seeing good business these days, and finding new ways to snoop.
We all know our employers have access to tons of data about us. They can see every person we email from our company email account, every phone number we dial from our desk.
When the rumored rebellion against House Speaker John Boehner's bid for a second term played out last week, the very first Republican to not vote for Boehner was Rep. Justin Amash, R-Mich., just three names into the alphabetical roll call.
Barry Lopez is known for writing about the natural world. His books include Arctic Dreams and Of Wolves and Men, where he explores the relationship between the physical landscape and human culture. But in a new essay in the January issue of Harper's Magazine, Lopez writes that he was sexually molested by a family friend when he was a boy, and says the man was never brought to justice.
Three Latin American presidents turned up, as did foreign diplomats. And thousands of President Hugo Chavez's supporters flooded the streets Thursday outside the presidential palace in Venezuela's capital, Caracas.
But Chavez himself didn't show — he remained in Cuba, incapacitated after his latest round of cancer surgery.
Still, the carefully choreographed show did go on, and Chavez's aides said he remains in charge.
Originally published on Thu January 10, 2013 2:53 pm
Back-to-back bomb blasts in the Pakistani city of Quetta on Thursday have claimed the lives of at least 80 people.
"The death toll has risen to 81 so far," Mir Zubair Mehmood, a senior police official, said at a news conference. He said 121 people were wounded. His comments were reported by the privately owned Geo TV.
Florida and several other states are wrestling with a decision: whether to expand Medicaid.
When the Supreme Court upheld the Affordable Care Act last year, the court said states could opt out of that part of the law. But it's key. It would provide coverage to millions of low-income Americans who currently have no health insurance.
Florida Gov. Rick Scott says he's concerned about how much expanding Medicaid would cost. But others charge the governor is exaggerating.
Originally published on Fri January 11, 2013 9:34 am
By Frank James
A re-elected president who gets to choose a second-term Cabinet has much more knowledge of the kind of team he needs than he did the first time around.
That's one simple way to understand President Obama's decisions as he creates his Cabinet 2.0.
The choices are not those of a president-elect who hasn't moved into the White House, or of a green president who hasn't watched his first international crisis unfold from his leather seat in the White House Situation Room.