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AmEx to post fourth-quarter loss on $2.4 billion hit from tax legislation

AmEx to post fourth-quarter loss on $2.4 billion hit from tax legislation | Reuters | January 03, 2018
Source: Reuters
January 03, 2018
(Reuters) - American Express Co said it expects to report a fourth-quarter loss due to a $2.4 billion hit from the tax legislation which makes it cheaper for U.S. companies to repatriate profits.

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