American Express Appearing Ultra Conservative -10/30/08 at 2:00 PM CDTby Reggie Abaca

Today, American Express announced they will cut 10% of their work force.  American Express said that it is cutting 10% of its staff, suspending management salary increases and instituting a hiring freeze. The move comes amid what CEO Ken Chenault called "one of the most challenging economic environments we've seen in many decades." Analysts are growi...