On Friday, Shares of Kinross Gold Corporation (NYSE:KGC), lost -5.02% to $2.27, as Gold futures slipped a bit Friday, but settled above $1,200 an ounce to post a gain for the week as traders looked to Greece’s debt negotiations to gauge investment demand for the metal.
Gold for August delivery fell 10 cents to settle at $1,201.90 an ounce on Comex. Prices saw a weekly gain of 1.9%, according to MarketWatch.
Kinross Gold Corporation, together with its auxiliaries, engages in the acquisition, exploration, and development of gold bearing properties. It is involved in mining and processing gold and silver ores. The company’s gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.
Shares of The Macerich Company (NYSE:MAC), declined -6.77% to $76.87, during its last trading session.
Pennsylvania Real Estate Investment Trust (PEI) and The Macerich Company, declared that Philadelphia City Council has approved the six ordinances and one resolution that allow for the long-awaited redevelopment of The Gallery in Philadelphia counting $55.0 million in Tax Increment Financing.
Construction on the project is planned to take about two years with a Grand Opening in 2017 as Fashion Outlets of Philadelphia at Market East. The property will offer a fusion of outlet retail taking the form of luxury and moderate brands, popular flagship retail, artisanal food experiences and entertainment offerings. The building will be completely reimagined into a bright, new contemporary space that welcomes residents, commuters and tourists and engages with Market Street with accessible storefronts, sidewalk cafés, a new streetscape, in addition to digital signage and graphics.
The Macerich Company is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It primarily engages in acquisition, ownership, development, redevelopment, administration and leasing of regional and community shopping centers located throughout the United States.
Finally, The Charles Schwab Corporation (NYSE:SCHW), ended its last trade with -1.21% loss, and closed at $32.67.
Charles Schwab Bank, a wholly-owned partner of The Charles Schwab Corporation revealed the results of its 2015 company-run stress test under the “severely adverse” scenario offered by the Office of the Comptroller of the Currency.
In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, Charles Schwab Bank is required to conduct company-run stress tests annually and publicly disclose a summary of certain results.
The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. It offers brokerage products, such as brokerage accounts; individual retirement accounts; retirement plans for small to large businesses.
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