American Express has announced companywide reengineering initiatives expected to produce cost benefits of approximately $1.8 billion in 2009, including the elimination of an estimated 7,000 jobs, primarily at the management level. The reengineering plan includes reducing compensation expenses, cutting operating costs and scaling back investment spending.

American Express has announced companywide reengineering initiatives expected to produce cost benefits of approximately $1.8 billion in 2009, including the elimination of an estimated 7,000 jobs, primarily at the management level. The reengineering plan includes reducing compensation expenses, cutting operating costs and scaling back investment spending.

The Holiday Inn Cocoa Beach Resort in Florida has begun steps to become one of the first environment-friendly Cocoa Beach hotels. Central to the initiative, the hotel has become a member of the Green Lodging Program created by the Florida Department of Environmental Protection.

The Holiday Inn Cocoa Beach Resort in Florida has begun steps to become one of the first environment-friendly Cocoa Beach hotels. Central to the initiative, the hotel has become a member of the Green Lodging Program created by the Florida Department of Environmental Protection.

The Holiday Inn Cocoa Beach Resort in Florida has begun steps to become one of the first environment-friendly Cocoa Beach hotels. Central to the initiative, the hotel has become a member of the Green Lodging Program created by the Florida Department of Environmental Protection.

The Holiday Inn Cocoa Beach Resort in Florida has begun steps to become one of the first environment-friendly Cocoa Beach hotels. Central to the initiative, the hotel has become a member of the Green Lodging Program created by the Florida Department of Environmental Protection.