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AXP |
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On September 30, 2005, The American Express Company (AXP) (NYSE: AXP) completed its spin-off of American Express Financial Corporation (AEFC) in a tax-free distribution to AXP shareholders. Best's belief that there are still inherent risks associated with re-branding the enterprise, the successful execution of the plans to separate its operations from AXP and the challenges to maintain appropriate capitalization levels for the current ratings. The Company's flagship product, the AXP 1000, is an idle-reduction technology device, designed for new and retrofit installation on semi truck tractors, that provides power generation without requiring the operation of the truck's engine. |
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