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IPFS News Link • Economy - Economics USA

American Express Profits Tumble 56%

04/23/2009 • By David Ellis, CNNMoney.com

NEW YORK (CNNMoney.com) -- Profits at American Express declined by more than half in the latest quarter, the company said Thursday, as spending by cardmembers slowed and credit troubles continued to mount.

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Reported By Lauren Roseman

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American Express Profits Tumble 56%

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