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American Express Gives $100,000 Grant to Support Save Ellis Island, Inc.

Continued philanthropic efforts illustrate commitment to historic preservation and restoration

American Express announced a $100,000 grant to the National Trust for Historic Preservation to support Save Ellis Island, Inc., the non-profit partner of the National Park Service. The grant will allow the National Trust to help Save Ellis Island launch the next phase of an ongoing project aimed toward rehabilitating and re-opening the 29 unrestored buildings on Ellis Island. This effort includes the expansion of Save Ellis Island’s Board of Directors and organizational infrastructure to meet the challenges of the project.

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American Express Business Insights Releases Latest National and Regional Spend Data for Travel, Luxury Retail, Dining & Entertainment Sectors

New “Spend Sights” Reports Show Companies Continue to Spend on Air Travel and Dining while Consumers Invest in their Homes with Furniture and Home Furnishing Purchases

American Express Business Insights today released its series of Q3 2010 Business Insights Spend Sights reports, which analyze changing patterns in spending across various categories, US cities and consumer groups. Based on actual, aggregated spending data between July 1 and September 30, 2010, the Business Insights Spend Sights provide a snapshot into the spending areas seeing improvement, and those yet to rebound. The reports cover sectors such as luxury retail, dining and entertainment, and travel during the third quarter of 2010 as compared to the third quarter of 2009.

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Financial Stability Report

The Bank of England is today publishing its bi-annual Financial Stability Report. The Report is part of the delivery of the Bank's strategy for its financial stability work, as set out in the Bank's Annual Report 2010. The Report concentrates on the Bank's assessment of conjunctural risks to financial stability.

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World Bank’s Managing Director Discusses the Arab World Initiative during Cairo Visit

Mahmoud Mohieldin, who joined the World Bank Group as Managing Director in October, led a mission to Cairo to discuss strengthening cooperation and partnership with the League of Arab States and concerned ministers in the Egyptian Government within the framework of the World Bank’s Arab World Initiative (AWI). The AWI is an approach to the countries of the Arab League to support economic cooperation and knowledge sharing across the Arab world.

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