On Thursday, Shares of Freeport-McMoRan Inc. (NYSE:FCX), lost -0.21% to $9.71, hitting its lowest level, despite Copper futures were much higher in London on Thursday, rebounding from six-year lows after economic data out of the US weighed on the dollar and supported demand for the widely-used commodity.
The London Metal Exchange’s three-month copper contract was trading up 1.6 per cent at $US5,072 a metric ton in mid-morning European trade, having hit a two-day high during the session at $US5,075 a ton.
Freeport-McMoRan Inc., a natural resource company, engages in the acquisition of mineral assets, and oil and natural gas resources. It primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, in addition to oil and gas.
Shares of American Eagle Outfitters, Inc. (NYSE:AEO), declined -2.84% to $16.42, during its last trading session.
American Eagle Outfitters stated that Chief Marketing Officer, Michael Leedy, declared that he will step down from his position, effective September 15, 2015, with a commitment to serve in an advisory role if needed to ensure a smooth transition. The company has an active search for a successor underway.
“We thank Michael for his many contributions over the years,” said Roger Markfield, Executive Creative Director. “Michael was instrumental in establishing our early brand DNA, our loyalty program and significantly influenced initiatives like the launch of the AEO direct business. We have an outstanding creative marketing team and I am confident that we will find a strong successor to build on our success and lead us into the future. We wish Michael all the best in his future endeavors.”
American Eagle Outfitters, Inc. operates as a retailer of apparel and accessories in the United States and internationally. The company’s stores offers denims, pants, shorts, sweaters, fleece, outerwear, graphic T-shirts, footwear, and accessories for 15 to 25 year old men and women under the American Eagle Outfitters brand name; and intimates and personal care products for women the aerie brand name.
Finally, American Express Company (NYSE:AXP), ended its last trade with -2.71% loss, and closed at $78.76.
American Express Company 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 payday.
- Free online bill pay.
- Free withdrawals at over 24,000 MoneyPass® ATMs.
- American Express world-class 24/7 service
- Fraud Protection
- Access to Amex Offers (exclusive discounts from popular merchants)
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.
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