On Friday, Shares of American Express Company (NYSE:AXP), lost -0.45% to $72.41.
As small business owners across the nation gear up for Small Business Saturday, a record number of shoppers are making plans to support their favorite local businesses. According to the fourth-annual Small Business Saturday Consumer Insights Survey, released recently by the National Federation of Independent Businesses (NFIB) and American Express, supporting local small businesses continues to be a priority for shoppers nationwide.
Small Business Saturday was created by American Express in 2010 as a response to small business owners’ most pressing need: getting more customers. Held on the Saturday following Thanksgiving, Small Business Saturday assists rally communities to support local businesses. As Small Business Saturday enters its sixth year, 55 percent of U.S. consumers report they are aware of the day – the highest figure yet recorded – and even more encouraging, 83 percent say Small Business Saturday inspires them to Shop Small all year long.
“Small Business Saturday is a major part of the holiday shopping tradition, and has become a celebration of the local small business owners that we call friends, neighbors and family,” said Janey Whiteside, Senior Vice President and General Manager of American Express OPEN. “We’re immensely proud to be a founding partner of Small Business Saturday, and it is gratifying to see how it has become the movement that it is recently.”
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.
Shares of Delphi Automotive PLC (NYSE:DLPH), inclined 2.70% to $86.21, during its last trading session.
Delphi Automotive, stated third quarter 2015 U.S. GAAP earnings from ongoing operations of $1.23 per diluted share. Not Taking Into Account special items, third quarter earnings from ongoing operations totaled $1.28 per diluted share.
Third Quarter Highlights Comprise:
- Revenue of $3.6 billion, up 6% adjusted for currency exchange, commodity movements and divestitures
- S. GAAP diluted earnings per share from ongoing operations of $1.23
- Not Taking Into Account special items, earnings from ongoing operations of $1.28 per diluted share, up 13%
- Adjusted Operating Income of $470 million, up 6%
- Adjusted Operating Income margin of 12.9%, up 110 basis points
- Generated $394 million of cash from ongoing operations
Delphi Automotive PLC, together with its auxiliaries, manufacturers vehicle components; and provides electrical and electronic, power train, safety, and thermal technology solutions to the automotive and commercial vehicle markets worldwide. The company operates through four segments: Electrical/Electronic Architecture, Power train Systems, Electronics and Safety, and Thermal Systems.
Finally, Shares of Mark west Energy Partners LP (NYSE:MWE), ended its last trade with -4.24% loss, and closed at $42.46.
John M. Fox, co-founder of Mark West Hydrocarbon, declared Brian O’Neill, his co-founder of Mark West Hydrocarbon intends to vote the common units beneficially owned by him against the merger. Both co-founders of Mark West Hydrocarbon urge unit holders to vote against this merger.
Brian O’Neill said: “I am in 100% agreement with John Fox – this is just a bad deal for MarkWest Energy’s unit holders. I want to add that the unit offering exchange of 1.09 MPLX units per MWE units is an unacceptable offer price. Without a collar on the equity component, I believe the deal was structured poorly from the starting.
“MWE has spent more than $10 billion in capital expenditures over the previous five years, which means MPLX and its owner, Marathon Petroleum, are merely refunding MWE’s unit holders and leaving a small premium for their efforts. Furthermore, I am against the $50 million plus consideration to current officers of MWE. Given the absolute value decline of MPLX units since the deal declaration in July, my recommendation is for this transaction to be voted down.”
Mark West Energy Partners, L.P. engages in the gathering, processing, and transportation of natural gas. The company is also involved in the gathering, transportation, fractionation, storage, and marketing of natural gas liquids; and the gathering and transportation of crude oil.