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.
The creators of The Thrilling Adventure Hour proudly call it "fake radio." It's less an homage to old-time radio and more of a clever update. A live monthly performance at Largo, a 200-seat, scruffy-chic Hollywood nightclub is also available as a popular podcast through Nerdist.
When Argentina's President Cristina Fernandez de Kirchner travels to Asia and the Middle East this month, she won't be flying on the official presidential plane. That's because Argentina fears the Boeing 757 jet known as Tango 1 will be seized when it lands by creditors, bond holders who hold sovereign debt that Argentina has defaulted on. So, instead of taking that risk, President Fernandez will be flying on a rented charter plane at the cost of $880,000.