American Express net falls after unit spinoff

Article Abstract:

American Express Co. of the United States revenue results were buoyed by strong spending in the second quarter. Net income fell 6.7 percent as a result of last years divestment of its financial-advisory business subsidiary .

United States, American Express Co., AXP, Company overview

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For Citi, cost-cutting is only half the battle: investors, analysts want higher rate of revenue growth

Article Abstract:

Citigroup Inc. will lay off 17,000 employees as part of a plan to reduce expenses, which increased by 15% last year compared to revenues, which rose 7%. The firm has been under pressure by investors to improve growth.

Financial management, Personnel administration, Investor relations, Citigroup Inc., C, Downsizing

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Schroders net profit jumps 42% as assets increase

Article Abstract:

First-half net profit for UK asset management company Schroders PLC rose 42% to reach $284.5 mil. Funds under management increased by 13%.

United Kingdom, Schroders PLC, Financial report

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