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- THE WEEK, Page 26BUSINESSEt Cetera
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- DON'T LEAVE HOME . . .
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- Anyone who carries a charge card will take comfort in knowing
- that credit companies sometimes get socked with whopping bills
- too. For the American Express Company, makers of the popular
- green, gold and platinum cards, the latest numbers aren't
- pretty: $205 million in third-quarter losses. The red ink was
- the result of large-scale job reductions, severance payouts and
- other cuts caused by the recession. But contributing to the poor
- performance was a distinct drop in card use by American
- travelers, short on cash and intimidated by the high cost of
- travel abroad.
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