Shares of Wells Fargo & Co (NYSE:WFC), inclined 0.33% to $52.20, during its last trading session. In the last trading session, the stock moved on high volume, trading at a volume of 13.91 M as compared to its average daily volume of 19.87 million shares.
Believing that small efforts can make a big difference, Wells Fargo Enterprise Global Services (EGS) successfully accomplished its third annual volunteering month in Manila throughout September. As part of this year’s event, more than 700 employees partnered with several non-government charitable institutions to contribute over 2,000 hours of service to positively impact their communities.
Throughout the volunteering month, Wells Fargo employees supported causes such as community development, education and the environment. Whether it was a day with orphans, spending time at the children’s cancer ward, or supporting education for children, Wells Fargo EGS volunteers actively took part in more the projects to improve their local communities.
Some of the highlights from this year’s volunteering month comprised of:
- Green Fitness Challenge: Raising funds for bikes offered to schoolchildren in far-flung areas
- Sponsored 100 books for Kythe Foundation: Kapitan Kimo is a children’s book that tells the story of a child stricken with cancer and how chemotherapy is administered. Employees were trained to read the book to kids in the cancer ward.
- Feeding, playing with and taking care of infants and toddlers in orphanages
Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.
On Wednesday, Shares of Home Properties, Inc. (NYSE:HME), gain 0.01% to $75.24. The stock attained the volume of 9.41 million shares.
Home Properties, Inc. (HME) declared the completion of its acquisition by an associate of Lone Star Funds. Home Properties stockholders are entitled to receive $75.23 in cash for each share of Home Properties’ common stock they own.
As a result of the completion of the transaction, Home Properties common stock will no longer be listed for trading on the New York Stock Exchange, effective as of the close of trading recently.
Home Properties, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States.
Shares of IAMGOLD Corp (USA) (NYSE:IAG), inclined 2.08% to $1.96, during its last trading session. In the last trading session, the stock moved on low volume, trading at a volume of 6.91 M as compared to its average daily volume of 5.47 million shares.
IAMGOLD Corporation declared that the company has started a process to reduce by 10% the number of employees at its Rosebel Gold Mines (“Rosebel”) in Suriname. Over the past two years IAMGOLD has reduced overall costs by about $175 million and improved productivity at its mines, resulting in a drop of the Company’s all-in sustaining costs (“AISC”) at its gold mines by $120 per ounce since Q2 2013. The current gold price environment requires Rosebel to initiate further action and adjust the size of its employee base accordingly.
President and CEO of IAMGOLD, Steve Letwin, commented, “We are taking further steps to reduce costs and capital expenditures to continue to strengthen our financial position during a period of weak and uncertain market conditions. While we have strived to avoid impacting jobs at the operations, this is a necessary step for the long-term viability of the Rosebel mine for the mutual benefit of Suriname, the employees and our investors. On behalf of IAMGOLD and the Board of Directors, I express appreciation to all of our employees at Rosebel for their hard work and commitment in these challenging times.”
IAMGOLD Corporation primarily engages in the exploration, development, and operation of gold mining properties. It also explores for silver and copper deposits. The company holds interests in four operating gold mines, in addition to exploration and development projects located in Africa, South America, and Canada.
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