Boss quits American Express
New York AP American Express Co President Sanford S Weill will resign effective Aug 1. He will be replaced by Louis V Gerstner Jr. Weill will pursue own ventures and stay as consultant. Fireman's Fund Insurance Co will be restructured with life operations moved to American Express and part of property and casualty activities being sold as part of a broader reshuffle.
MENTIONED IN THIS ARTICLE
NEW York
American Express Co
Sanford S. Weill
Fireman’s Fund Insurance Co
Weill
Louis V. Gerstner Jr
American Express
Carter, Berlind, Proma & Weill
Shearson Lo
Walter Montgomery
Japan pledges broader tariff cuts and market opening
Tokyo announced cuts or eliminations on more than 1,800 tariff items from dried seaweed to antibiotics and promised further market access measures by July. Prime Minister Yasuhiro Nakasone said Japan faced skeptical eyes but had acted on key items and total item counts.
MENTIONED IN THIS ARTICLE
Tokyo
Japan
United States
Yasuhiro Nakasone
Liberal Democratic Party
Nakasone
Herb Hayde
American Chamber of Commerce
U.S
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