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.
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.
Venezuelan President Hugo Chavez remained in Cuba, where he's receiving treatment for cancer, and was not present for his planned inauguration in Caracas on Thursday. However, thousands of supporters gathered outside the presidential palace to show their backing.
Credit Juan Barreto / AFP/Getty Images
Chavez has been receiving cancer treatment since the middle of 2011. He's shown here at the presidential palace on Sept. 17, 2011, a few months after his treatment began.
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.
Pakistani police officers and residents gather at the site of a bomb blast that targeted paramilitary soldiers in a commercial area in the city of Quetta, killing 11 people. Later in the day, twin blasts at a snooker club in the city killed at least 80 people.
Originally published on Thu January 10, 2013 5:53 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.
Originally published on Fri January 11, 2013 12:34 pm
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.