Posted AT 8:35 AM EST on 27/03/08
American Express buys corporate card business from GE Money
NEW YORK — American Express Co. Thursday said it agreed to acquire Corporate Payment Services, a commercial credit card and corporate purchasing business, from General Electric Co's GE Money unit for $1.1-billion in cash.
American Express expects the deal will reduce earnings per share and return on equity for an undisclosed number of years.
The full text of this article has 110 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
