American Express Co.: The New York-based financial...
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From Times Staff and Wire Reports
American Express Co.: The New York-based financial services company said its earnings rose 1% to $319.6 million in the second quarter. Revenue fell 5% to $6.1 billion. The company said a $750-million purchase of preferred stock of Shearson Lehman Hutton Inc.--aimed at shoring up the brokerage subsidiary--dampened results.
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