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Text File  |  1993-04-08  |  747b  |  22 lines
  1.                                                                                 THE WEEK, Page 26BUSINESSEt Cetera
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  4.     DON'T LEAVE HOME . . .
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  6.     Anyone who carries a charge card will take comfort in knowing
  7. that credit companies sometimes get socked with whopping bills
  8. too. For the American Express Company, makers of the popular
  9. green, gold and platinum cards, the latest numbers aren't
  10. pretty: $205 million in third-quarter losses. The red ink was
  11. the result of large-scale job reductions, severance payouts and
  12. other cuts caused by the recession. But contributing to the poor
  13. performance was a distinct drop in card use by American
  14. travelers, short on cash and intimidated by the high cost of
  15. travel abroad.
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