Word: amex
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...million flight insurance at $13 a ticket works out to about a dime in expected payouts for every dollar in premiums, leaving Amex 90 cents to cover expenses and profit. The Statue of Liberty stood to gain a penny every time you charged an $80 dinner or a $400 airline ticket to your card, leaving Amex 319 pennies in the case of the dinner (at its service charge of about 4% for restaurants) or 999 pennies in the case of the ticket (at its 2 1/2% or so on airline fares). The premium you paid for the platinum card, which...
Annuities are like nondeductible IRAs, only without the $2,000 annual limit. With this one, Amex was offering to charge my card anywhere from $50 to $3,000 a month, at my option, and to pay me interest on my monthly contributions at a 12% "introductory rate" through June of next year. Thereafter the rate would be "set above a nationally recognized interest index plus 1.5%." I was all set to sign up, when I noticed...
...come-on is trivial over the long pull; it is designed to cloud your judgment. The true rate on this deal is the "nationally recognized interest index plus 1.5%" that Amex talks about. But a footnote reveals this to be an index of short-term, tax-free bonds, the lowest-yielding animals...
...shock has been particularly strong in the service industries. At American Express, which expects to fill 75,000 entry-level positions in the next five years, profits depend on good customer relations. Says Amex President Lou Gerstner, whose company spends $10 million annually to teach its new workers basic English and social skills: "I lie awake at night wondering where I'm going to find well-qualified employees for the future." Even the art of cooking requires more of workers than ever before. Last year Domino's Pizza of Ann Arbor, Mich., discovered that its fledgling bakers had trouble understanding...
...survived the 1929 Crash and traded in USX Corp. and Royal Dutch/ Shell Group, among other stocks. Last week Tompane sold out to Merrill Lynch for an undisclosed sum. Also merged out of existence was W. Damm M. Frank & Co., an American Stock Exchange specialist that traded in 30 Amex stocks before the crash. The firm was acquired by Bear, Stearns. That could be only the beginning. Says Samuel Liss, an analyst at Salomon: "We are going to see more specialist firms merging with better-capitalized parents...