American Express' 4Q earnings down 47 percent - 13 WTHR Indianapolis

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American Express' 4Q earnings down 47 percent

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Massive tornado devastates Moore, Oklahoma; 51 confirmed dead
Massive tornado devastates Moore, Oklahoma; 51 confirmed dead
Updated: Monday, May 20 2013 10:26 PM EDT2013-05-21 02:26:22 GMT
A massive tornado touched down in Oklahoma, about an hour south of Oklahoma City, on Monday afternoon. There are numerous reports of injured people trapped in debris.More >>
The Oklahoma Medical Examiner's Office says 51 people have been killed by a Monday afternoon tornado in the town of Moore, including children.More >>
Two children dead, two adults critically injured in Cumberland fire
Two children dead, two adults critically injured in Cumberland fire
Updated: Monday, May 20 2013 8:07 PM EDT2013-05-21 00:07:56 GMT
Two children have died and four others were injured in a far east side Indianapolis condominium fire Monday morning.More >>
Two children have died and four others were injured in a far east side Indianapolis condominium fire Monday morning. Firefighters believe the fire was accidental, but they haven't yet determined the cause.More >>
Missing Indianapolis teenager found safe
Missing Indianapolis teenager found safe
Updated: Monday, May 20 2013 7:38 PM EDT2013-05-20 23:38:14 GMT
Indianapolis Metro Police are asking for your help in locating 18-year-old Alexis Ricard. Alexis has been diagnosed as mildly mentally handicapped and functions at the level of a 12-year-old child. SheMore >>
Indianapolis Metro Police say a missing teenager was found safe at a friend's house Monday afternoon.More >>
Fever's Phillips out 4-6 weeks with knee injury
Fever's Phillips out 4-6 weeks with knee injury
Updated: Monday, May 20 2013 7:15 PM EDT2013-05-20 23:15:07 GMT
Indiana Fever guard Erin Phillips has been diagnosed with a lateral meniscus tear in her right knee and will miss at least 4-6 weeks of the upcoming WNBA season. A 5'8" guard and a five-year WNBA veteranMore >>
Indiana Fever guard Erin Phillips has been diagnosed with a lateral meniscus tear in her right knee and will miss at least 4-6 weeks of the upcoming WNBA season.More >>
All talk until Pacers and Heat tip-off Wednesday
All talk until Pacers and Heat tip-off Wednesday
Updated: Monday, May 20 2013 7:03 PM EDT2013-05-20 23:03:33 GMT
The Indiana Pacers and Miami Heat don't tip-off the NBA Eastern Conference Finals until Wednesday. So until then, it's just practice and talk in Indianapolis and Miami. Four-time NBA Most Valuable PlayerMore >>
The Indiana Pacers and Miami Heat don't tip-off the NBA Eastern Conference Finals until Wednesday. So until then, it's just practice and talk in Indianapolis and Miami.More >>
Girl's Lemonade Day sale halted by misunderstanding at IMS
Girl's Lemonade Day sale halted by misunderstanding at IMS
Updated: Monday, May 20 2013 6:20 PM EDT2013-05-20 22:20:47 GMT
A 10-year-old Indianapolis girl had high hopes for Saturday's Lemonade Day, a day when kids get the chance to learn about running a small business. Morgen Morris, who was sponsored by WIBC Radio, scoredMore >>
But just an hour into selling glasses of Peachy-Keen lemonade for 75 cents a glass, an IMS employee put the brakes on Morgen Morris' stand.More >>
Security changes for Indy 500 and Pacers game
Security changes for Indy 500 and Pacers game
Updated: Monday, May 20 2013 6:06 PM EDT2013-05-20 22:06:36 GMT
Safety for an international event like the Indy 500 is planned well in advance. However, those plans are constantly changed and updated, depending on what's happening the day of the race. For the firstMore >>
Safety for an international event like the Indy 500 is planned well in advance. However, those plans are constantly changed and updated, depending on what's happening the day of the race.More >>
Neighbors concerned about wolfdog in north Indianapolis neighborhood
Neighbors concerned about wolfdog in north Indianapolis neighborhood
Updated: Monday, May 20 2013 5:39 PM EDT2013-05-20 21:39:19 GMT
Dog bites in Indiana cost one insurer $108 million in claims last year. Most of the incidents involved children and pets they knew. Now, a Washington Township homeowner is sounding the alarm in his neighborhoodMore >>
A Washington Township homeowner is sounding the alarm in his neighborhood over a suspected wolfdog, frequently on the loose.More >>
Richmond Hill residents continue to rebuild after explosion
Richmond Hill residents continue to rebuild after explosion
Updated: Monday, May 20 2013 5:10 PM EDT2013-05-20 21:10:46 GMT
Six months after a home in the Richmond Hill subdivision exploded, killing a school teacher and her husband, the neighborhood is a construction zone. On almost every street, crews are building, rebuildingMore >>
Six months after a home in the Richmond Hill subdivision exploded, killing a school teacher and her husband, the neighborhood is a construction zone.More >>
Gas station owner plans more security after robbery
Gas station owner plans more security after robbery
Updated: Monday, May 20 2013 4:51 PM EDT2013-05-20 20:51:29 GMT
Security cameras captured armed robbers who threatened a gas station employee, but only made off with candy. The robbery happened around 5 a.m. Saturday at the Citgo gas station at 42nd Street and MitthoefferMore >>
Security cameras, extra police and more lighting are among the measures Tahir Kahn is taking after his gas station at 42nd and Mitthoeffer was robbed over the weekend.More >>

American Express says its net income fell 47 percent in the fourth quarter, as the credit card issuer racked up hefty charges related to restructuring costs and other one-time expenses.

The New York-based company says it posted net income of $637 million, or 56 cents per share, for the three months ended Dec. 31. That compares with net income of $1.2 billion, or $1.01 per share, in the same period last year.

Excluding roughly $594 million in after-tax charges, American Express' earnings amounted to $1.09 per share.

Analysts polled by FactSet were expecting adjusted earnings of $1.06 per share.

Revenue for the quarter grew 5 percent to $8.14 billion, in line with analysts' forecast.

Management said spending by cardholders rose 8 percent during the quarter.

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Two children dead, two adults critically injured in Cumberland fire
Two children dead, two adults critically injured in Cumberland fire
Updated: Monday, May 20 2013 8:07 PM EDT2013-05-21 00:07:56 GMT
Two children have died and four others were injured in a far east side Indianapolis condominium fire Monday morning.More >>
Two children have died and four others were injured in a far east side Indianapolis condominium fire Monday morning. Firefighters believe the fire was accidental, but they haven't yet determined the cause.More >>
Missing Indianapolis teenager found safe
Missing Indianapolis teenager found safe
Updated: Monday, May 20 2013 7:38 PM EDT2013-05-20 23:38:14 GMT
Indianapolis Metro Police are asking for your help in locating 18-year-old Alexis Ricard. Alexis has been diagnosed as mildly mentally handicapped and functions at the level of a 12-year-old child. SheMore >>
Indianapolis Metro Police say a missing teenager was found safe at a friend's house Monday afternoon.More >>
Indianapolis waitress gets $446 tip
Indianapolis waitress gets $446 tip
Updated: Friday, May 17 2013 3:18 PM EDT2013-05-17 19:18:48 GMT
CeCe Bruce has received a couple of large tips in her life, but nothing like he one she got Wednesday morning. CeCe, a waitress at the Steak 'n Shake restaurant at Keystone and 54th Street, receivedMore >>
CeCe Bruce has received a couple of large tips in her career, but nothing like the one she got Wednesday morning.More >>
Jodi Arias lawyers ask to withdraw from case
Jodi Arias lawyers ask to withdraw from case
Updated: Monday, May 20 2013 2:26 PM EDT2013-05-20 18:26:10 GMT
Jodi Arias' lawyers have asked to withdraw from the case and say they won't call any witnesses in the penalty phase of her trial. The stunning declaration came Monday after the judge denied their requestMore >>
Jodi Arias' lawyers have asked to withdraw from the case and say they won't call any witnesses in the penalty phase of her trial.More >>
Tuesday is deadline for Do Not Call list
Tuesday is deadline for Do Not Call list
Updated: Monday, May 20 2013 12:49 PM EDT2013-05-20 16:49:03 GMT
Tuesday is the next deadline to sign up for Indiana's Do Not Call registry. Since January, the state attorney general's office says it has received more than 5,000 complaints about telemarketing callsMore >>
Tuesday is the next deadline to sign up for Indiana's Do Not Call registry.More >>
Work stops on Greenwood pharmaceutical facility
Work stops on Greenwood pharmaceutical facility
Updated: Monday, May 20 2013 9:01 AM EDT2013-05-20 13:01:12 GMT
Construction has stopped on a pharmaceutical facility being built with a $6 million loan from Greenwood. The city attorney says the city could foreclose on the Elona Biotechnologies facility.More >>
Construction has stopped on a pharmaceutical facility being built with a $6 million loan from a suburban Indianapolis city. Greenwood city attorney Krista Taggart says the city could foreclose on the Elona Biotechnologies facility within the next few weeks unless new investors take over the company. More >>
Olympians among 500 Festival Parade celebrity line-up for 2013
500 Festival Parade celebrity line-up for 2013
Updated: Monday, May 20 2013 11:54 AM EDT2013-05-20 15:54:10 GMT
The IPL 500 Festival Parade kicks off Saturday, May 25 at noon in downtown Indianapolis. In addition to previously announced WNBA Champion Indiana Fever as Parade Grand Marshal and The X-Factor winnerMore >>
Along with the Indiana Fever as Grand Marshal, this year's parade features Olympian gymnasts Shawn Johnson and Jordyn Weiber, Foreigner, Eddie Money, actors Michael Pena and Windell Middlebrooks, Colts punter Pat McAfee, Florence Henderson and Jim Nabors.More >>
Speedway residents issued "friendly reminder" on parking changes
Speedway residents issued "friendly reminder" on parking changes
Updated: Monday, May 20 2013 7:27 AM EDT2013-05-20 11:27:10 GMT
If you're accustomed to free parking in Speedway during the Indianapolis 500, you may have to rethink your plans. New restrictions for some residential streets around the track are in place.. And if youMore >>
If you're accustomed to free parking in Speedway during the Indianapolis 500, you may have to rethink your plans. New restrictions for some residential streets around the track are in place.. And if you violate them, it could cost you.More >>
Ex-Indianapolis councilman sentenced in fraud case
Ex-Indianapolis councilman sentenced in fraud case
Updated: Monday, May 20 2013 12:43 PM EDT2013-05-20 16:43:30 GMT
A former Indianapolis City-County Council member was sentenced to 27 months in prison with three years on supervised release after pleading guilty to fraud charges.More >>
A former Indianapolis City-County Council member was sentenced to 27 months in prison with three years on supervised release after pleading guilty to fraud charges.

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War of words started between Pacers, Heat
War of words started between Pacers, Heat
Updated: Monday, May 20 2013 6:45 AM EDT2013-05-20 10:45:09 GMT
The Indiana Pacers return to practice on Monday, getting ready for game one of the Eastern Conference Finals and the Miami Heat. The Pacers are coming off an electrifying win Saturday night at BankersMore >>
The Indiana Pacers return to practice on Monday, getting ready for game one of the Eastern Conference Finals and the Miami Heat. The Pacers are coming off an electrifying win Saturday night at BankersMore >>

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American Express' 4Q earnings down 47 percent - 13 WTHR Indianapolis

American Express' 4Q earnings down 47 percent

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