On Friday, Shares of American Express Company (NYSE:AXP), subtract -0.29% and closed at $61.76 in the last trading session. The last trading range of the stock ranges between $61.48 and $62.27. The company’s Market capitalization is $54.75 Billion with the total Outstanding Shares of 923.78 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $50.27 and reached to max level of $77.82. Recently American Express (AXP) is announcing an expansion of the travel benefits that have assisted make the Platinum Card the category leader for more than 30 years. Starting October 6, consumers with a Platinum Card from American Express will receive 5X Membership Rewards points on airfare booked directly with airlines or through American Express Travel.
“Travel is an important part of our Card Members’ lives and it’s becoming even more so for a new generation who are global and drawn to the access, experiences and service that come with American Express® Membership,” said Denise Pickett, president, U.S. consumer services for American Express. “Our new travel benefits come just before the busiest travel season and offer valuable rewards to Card Members. You’ll see further enhancements for Platinum and Business Platinum Card Members and new programs that leverage the expanded network of small business merchants who now welcome American Express. We also plan to continue building on the success we’ve had throughout the year in acquiring new customers across all our Card products.”
Business Platinum Card Members can now earn 50% points back when using Membership Rewards® Pay with Points through American Express Travel to book a flight with their selected airline. They will also receive this benefit when booking a first or business class ticket with any airline. In addition, Business Platinum Card Members can earn 1.5X Membership Rewards points per dollar spent on any purchase of $5,000 or more.
Platinum Card Members and Business Platinum Card Members also have access to American Express’ Global Lounge Collection, which offers entry into the most airport lounges across the globe. With more than 1,000 lounges, in 500 plus cities, across 120 countries and counting, the Global Lounge Collection includes American Express’ award winning Centurion® lounge network, International American Express lounges, Delta Sky Clubs®, Priority Pass™ Select, and Airspace Lounges.
Rackspace Hosting, Inc. (NYSE:RAX), jumped 0.13% and closed at $31.74 in the last trading session. The last trading range of the stock ranges between $31.67 and $31.80. The company’s Market capitalization is $4.00 Billion with the total Outstanding Shares of 125.81 million. During the 52-week trading session the minimum price at which share price traded, registered at $15.05 and reached to max level of $32.14. Broadleaf Commerce, the leading platform for custom commerce solutions, and Rackspace® (RAX) provide support and continuous innovation for B2B solutions. Combining managed cloud and application support, Broadleaf and Rackspace can assist with faster innovation, development, scalability and time to market for enterprise clients with proven return on investment (ROI).
“Broadleaf continues to be a top choice for companies looking for custom, performant, or open commerce solutions,” stated Theresa Reed, global account manager, global alliances for retail & commerce at Rackspace. “We are excited to align efforts with an emerging enterprise leader to promote premier custom cloud commerce solutions.”
“Rackspace is well known for its Fanatical Support®,” stated Brad Buhl, COO of Broadleaf Commerce. “We already know from our many joint clients that Rackspace’s managed cloud services and support experts match well with Broadleaf’s customizable framework and commerce expertise. By working together to establish fast go-to-market starting points, we can quickly prove that custom cloud commerce provides a better return on investment (ROI) than other legacy or SaaS-based solutions.”
At First offering three deployment options based on company size and infrastructure needs, Rackspace and Broadleaf collaborated to provide complete solutions, counting those based on Amazon Web Services® (AWS), while adding complementary infrastructure and support services as needed.
On the otherhand Platform Specialty Products Corp (NYSE:PAH), dropped -3.28% and closed at $7.23 in the last trading session. The last trading range of the stock ranges between $7.08 and $7.59. The company’s Market capitalization is $2.03 Billion with the total Outstanding Shares of 272.06 million. During the 52-week trading session the minimum price at which share price traded, registered at $5.25 and reached to max level of $14.87. Platform Specialty Products Corporation (PAH) (“Platform”) recently declared the closing of its formerly-declared underwritten public offering of 48,787,878 shares of its common stock at a public offering price of $8.25 per share. This number includes 6,363,636 shares sold to the underwriters upon exercise in full of their option to purchase additional shares. This offering resulted in gross proceeds to Platform of about $402.5 million, before deducting underwriting discounts and commissions and offering expenses payable by Platform. All of the shares of common stock sold in the offering were sold by Platform. In connection with the offering, Platform’s Chairman, Martin E. Franklin, and Berggruen Holdings, Ltd. each purchased 1,050,000 shares of Platform’s common stock. Nicolas Berggruen, a director of Platform, is one of the directors of Berggruen Holdings, Ltd.
Platform intends to use the net proceeds from the offering for general corporate purposes, counting, but not limited to, the alternative settlement of certain obligations regardingPlatform’s shares of Series B convertible preferred stock.
Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and UBS Securities LLC acted as joint book-running managers for the offering. Nomura Securities International, Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Citizens Capital Markets, Inc., Credit Agricole Securities (USA) Inc., Morgan Stanley & Co. LLC, BTIG, LLC and CJS Securities, Inc., acted as co-managers for the offering.