NEW YORK (Reuters) - American Express Co <AXP.N> said on Wednesday that it would suffer less than its rivals from a new U.S. law curbing certain practices by credit card companies because it depends less on interest paid by customers. Chief Executive Kenneth Chenault said that while American Express received only 20 percent of its revenue from ...

US finance firm American Express said Thursday it would make further cost-cutting moves following a sharp drop in quarterly earnings. "We continue to be very cautious about the economic outlook and plan to initiate additional reengineering efforts in the second quarter to help further reduce our operating costs," said Kenneth Chenault, chairman and chief executive. "Our goal is to remain ...

The chief executive of American Express Co. received a pay package worth nearly $43 million in 2008, although much of that consists of stock and option awards currently of little value given the sharp decline in the credit card company's stock price. CEO Kenneth I ...