Responding to the rise of do-it-yourself policies that ask employees to book work trips online rather than calling an AmEx travel agent, American Express in January revealed it was making moves that would result in the loss of 5,400 jobs. Those cuts have been part of American Express's push to develop more technology-based services that can handle bookings and other travel arrangements quickly and cheaply. Following the job cuts earlier this year, which were aimed at ramping up efficiency, Group President of Global Corporate Services Stephen J. Squeri said the joint venture is the next phase of American Express's push to grow its travel business through additional investments that will allow the company to expand its offerings. In an interview, Mr. Squeri said the investment will allow American Express to expand its international business, offer its customers mobile tools, and have one technology worldwide for all its travel counselors and customers. Get the full story at The Wall Street Journal