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American Express
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Sherline Tools, the California-based manufacturer of small lathes and milling machines long favored by hobbyists and model engineers, is shutting down its US production and winding up operations. The news has drawn attention from machinists and makers, many of whom expressed surprise and disappointment that a decades-old American machine tool maker is closing.
- 2BMO says US business will hit 12% return target by 2027●Why BMO has regained confidence in its US strategy The bank expects to deliver on its U.S. return on equity target of 12
Bank of Montreal says its US operations are back on track, with the bank expressing renewed confidence in its American strategy. BMO expects to deliver a US return on equity of 12% by October 31, 2027, a target it had struggled to reach after its acquisition of Bank of the West expanded its footprint south of the border. Coverage in banking circles frames the statement as a sign the integration and profitability push is finally bearing fruit.
- 3American Express Adds Business Savings And Payroll Tools▼American Express (AXP) Adds Business Savings And Payroll Tools
American Express has introduced new business savings and payroll tools for its customers, according to a report carried by Yahoo Finance. The move expands the company's offering for small and mid-sized business clients, adding cash management and payroll capabilities alongside its existing card and payments services. Details on pricing, availability and how the tools will be bundled with current Amex business accounts were not provided in the report.