AmEx paying card holders to close their accounts

NEW YORK (Reuters) – American Express Co (NYSE:AXP – News), battered by mounting credit card losses, is offering $300 to a limited number of U.S. card holders who pay off their balances and close their accounts, the company said on Monday.

“We sent the offer out to a select number of card members,” said Molly Faust, a company spokeswoman. “We are looking at different ways that we can manage credit risk based on the costumers overall credit profile.”

The company did not say how many card holders would receive the offer and did not disclose the total of their card balances.

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Anti-war protesters take cause to churches

Since October 2007, a small group of demonstrators has visited 20 Westchester churches during Sunday morning services, silently unfurled banners of protest against the wars in Iraq and Afghanistan, and waited for a reaction.

They have received scattered applause in a few churches and have been invited to stay for coffee in several.

But they have been thrown out of other churches – often with anger and sometimes with a touch of force – and have been called communists, narcissists, morons, pinkos, wackos, fools and words that can’t be printed.

Some church pastors support the group’s anti-war stance, if not their methods of protest, while others condemn the unannounced visits as tactless intrusions on worship.

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