Author: Matt Allan

American Express Banking On Lending And China For Future Growth

In its most recent quarter financial report it became apparent that turning to lending has begun paying off for American Express. During this year’s first quarter loans offered by America Express increased by 16% to reach a figure of $75.8 billion. Analysts had been expecting a figure of $72 billion. Part of the reason why American Express has enhanced its lending efforts is the fact that rivals such as Citigroup and JPMorgan Chase had been eating into its longtime business by cutting acceptance costs and sweetening customer rewards. According to the chief executive officer of American Express, Stephen Squeri,...

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Berkshire Hathaway: A Look At Its Profile, Firms, Current State And Future Outlook

Warren Buffet has arguably become a household name due to his massive success in the business world, earning him a spot on the list of the top wealthiest people on earth. However, he attributes his success to his shrewd business sense and his company Berkshire Hathaway which is one of the most successful firms in the U.S. and also one of the biggest publicly traded firms in the world. Profile Berkshire Hathaway is a holding company that was founded in 1839 starting out as a textile company, meaning it has been around for almost two centuries and existed even...

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Taiwan Authorities Report On The Loss Of Lives In Line With Recent Earthquake

It was in Wednesday when a rescue crew moved out in an effort to free two people from a hotel. Reports indicate that the two had been trapped after the ground floor of the hotel caved in. And that was in line with the recent earthquake that struck Taiwan’s east coast eventually taking away the lives of four people. The other unfortunate incidence was that about four monumental buildings were shaken and they caved in resulting in destruction of a huge chunk of properties. It has also been reported that about 225 persons sustained injuries in the incident. To this...

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Toys R Us: Closing Stores And Bankrupt. What Now?

Amidst one of the largest bankruptcies by a specialty retailer, toy-store chain, Toys R Us Inc., would be closing down a fifth of its stores in the US in the coming months. The company is set to restructure $5 billion of its long-term debt, requiring bankruptcy protection. They filed before the holiday season in 2017 in the United States and Canada. This unfortunately, casts doubts over the future of its nearly 1,600 stores and 64,000 employees. According to a letter posted on the company’s website, Chief Executive Officer David Brandon stated that its 180 stores in the US will...

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