American Express To Spin Off Business Travel Division Into Joint Venture

American Express To Spin Off Business Travel Division Into Joint Venture:

Samantha Sharf, forbes.com

Amer­i­can Express announced Mon­day that it will sell 50% of its Glob­al Busi­ness Trav­el divi­sion to an investor group for $900 mil­lion. Amer­i­can Express will main­tain a 50% stake but the ven­ture will split from the rest of the com­pa­ny.…