On Wednesday, American Express Company (NYSE:AXP)’s shares inclined 2.86% to $75.62.
Accessible recently, American Express (AXP) declared Serve Cash Back, a new prepaid debit Account option that will earn Accountholders 1% cash back on purchases. Consumers who spend in line with the 2012 – 2013 U.S. Department of Labor national averages for gas, groceries, dining out, clothing, transportation and entertainment using the Serve Cash Back Card could potentially earn more than $400 annually2 when earning 1% cash back.
Earning cash back will assist customers put money aside towards future purchases. After earning cash back, customers will be able to log in to their Serve Account, view how much cash back they’ve earned, and elect to redeem that amount on their next purchase.
In addition to the 1% cash back benefit, customers will enjoy features of the flagship Serve product, counting:
- Free Direct Deposit and the newly added ability to get your paycheck up to two days before payday3
- Free online bill pay
- Free withdrawals at over 24,000 MoneyPass® ATMs4
- American Express world-class 24/7 service
American Express Company, together with its auxiliaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S. Card Services, International Card Services, Global Commercial Services, and Global Network & Merchant Services.
Linn Energy LLC (NASDAQ:LINE)’s shares dropped -4.95% to $2.11.
LINN Energy, LLC (LINE) and LinnCo, LLC (LNCO) declared that LINN has signed a formal agreement with private capital investor GSO Capital Partners L.P. (“GSO”), the credit platform of The Blackstone Group L.P. (BX) (“Blackstone”), to fund oil and natural gas development.
Funds managed by GSO and its associates have agreed to commit up to $500 million with 5-year availability to fund drilling programs on locations offered by LINN. Subject to adjustments depending on asset characteristics and return expectations of the selected drilling plan, GSO will fund 100 percent of the costs associated with new wells drilled under the DrillCo Agreement and is predictable to receive an 85 percent working interest in these wells until it achieves a 15 percent internal rate of return on annual groupings of wells, while LINN is predictable to receive a 15 percent carried working interest during this period.
Linn Energy, LLC, an independent oil and natural gas company, acquires and develops oil and natural gas properties in the Unites States. Its properties are located in the Rockies, the Hugoton Basin, California, east Texas and north Louisiana, the Mid-Continent, the Permian Basin, Michigan/Illinois, and south Texas. As of December 31, 2014, the company had proved reserves of 7,304 billion cubic feet equivalent; and operated 19,591 gross productive wells. Linn Energy, LLC was founded in 2003 and is headquartered in Houston, Texas.
At the end of Wednesday’s trade, NRG Energy Inc (NYSE:NRG)‘s shares surged 0.90% to $19.07.
MGM Resorts International (MGM) has been recognized by the U.S. Chamber of Commerce Foundation for its innovative sustainability initiatives and commitment to alternative energy sources.
In 2014, MGM Resorts reached a major milestone in its commitment to environmental best practices. The company partnered with NRG Renew LLC, a wholly owned partner of NRG Energy, Inc. (NRG), the country’s largest independent power producers, to install a 6.4 MWdc (MW) solar photovoltaic (PV) array on the rooftop of the Mandalay Bay Convention Center, spanning 20 acres. This was the first project of its kind in Las Vegas, paving the way for large solar installations across the hospitality industry.
NRG Energy, Inc., together with its auxiliaries, operates as a power company. The company provides electricity; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; carbon administration and specialty services; and various energy services, such as operations, maintenance, technical, development, and asset administration services. It owns and operates about 52,000 MWs of generation.
AngloGold Ashanti Limited (ADR) (NYSE:AU), ended its Wednesday’s trading session with -6.75% loss, and closed at $7.18.
AngloGold Ashanti (AU) said it generated $71m of free cash flow in the second quarter with production and costs beating guidance on the back of another strong performance from its international mines and a recovery from its South African operations.
Production was 1.007Moz at a total cash cost of $718/oz* in the three months to June 30, 2015, contrast with 1.098Moz at a total cash cost of $833/oz in the second quarter of 2014. The result contrast with guidance of 960,000oz to 1Moz at $770/oz to $820/oz.
AngloGold Ashanti Limited operates as a gold mining and exploration company. It also produces silver, uranium oxide, copper, molybdenum, and sulphur. The company has 20 operations and exploration projects in South Africa, Continental Africa, Australasia, and the Americas. AngloGold Ashanti Limited was founded in 1944 and is headquartered in Johannesburg, South Africa.
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