On Thursday, Shares of Freeport-McMoRan Inc (NYSE:FCX), subtract -3.47% and closed at $10.30 in the last trading session. The last trading range of the stock ranges between $10.30 and $10.61. Freeport-McMoRan Inc. (FCX) declared recently the expiration of the formerly declared consent solicitations by it and its wholly owned auxiliaries, Freeport-McMoRan Oil & Gas LLC (FM O&G) and FCX Oil & Gas Inc. (FCX O&G). The consent solicitations expired at 5:00 p.m., New York City time, on September 28, 2016. As of the expiration time, FCX, FM O&G and FCX O&G had not received the consent of holders of at least a majority in aggregate principal amount outstanding of each series of notes subject to the consent solicitations. As a result, no consent fees will be paid and FCX plans to merge FM O&G into FCX before concluding its formerly declared Deepwater Gulf of Mexico sale transaction.
FCX is a premier U.S.-based natural resources company with an industry-leading global portfolio of mineral assets. FCX is the world’s leading publicly traded copper producer.
FCX’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s leading copper and gold deposits; noteworthymining operations in the Americas, counting the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America. Additional information about FCX is available on FCX’s website.
Fifth Third Bancorp (NASDAQ:FITB), REMAIN FLAT and closed at $20.74 in the last trading session. The last trading range of the stock ranges between $20.55 and $20.94. The company’s Market capitalization is $16.10 Billion with the total Outstanding Shares of 766.37 Million. Fifth Third Bancorp (FITB) declared recently that its Equipment Financing group is expanding its market presence. The team will now operate as four distinct regions: South, North Central, Midwest and East.
“Organizing our team under the construct of four regions facilitates us to streamline our processes,” said Tom Partridge, president of Fifth Third Equipment Finance. “As a result, we’re able to better serve our existing and prospective customers, which is our number one priority.”
As part of the new structure, Fifth Third designated a managing director to lead each region.
- Bob Davies brings more than 25 years of experience to lead the East Region. This includes Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Virginia and West Virginia.
- Lance King will lead the South Region, covering Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina and Texas. He brings more than 20 years of experience to his role.
- Bob Krefting will oversee the Midwest Region, which includes Indiana, Kentucky, Michigan and Ohio. He has more than 35 years of experience, counting 13 years with Fifth Third.
- Dave Schlaf, who brings more than 30 years of experience to the team, will lead the North Central Region. This covers Arizona, California, Colorado, Kansas, Illinois, Iowa, Minnesota, Missouri, Nebraska, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington, Wisconsin and Wyoming.
Zumiez Inc. (NASDAQ:ZUMZ), gained 15.76 % and closed at $21.15 in the last trading session. The last trading range of the stock ranges between $20.30 and $21.77. During the 52-week trading session the minimum price at which share price traded, registered at $11.53 and reached to max level of $22.14. Zumiez Inc. ( NASDAQ : ZUMZ ), a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women recently declared that total net sales for the five-week period ended October 1, 2016 raised 11.5% to $75.0 million, contrast to $67.3 million for the five-week period ended October 3, 2015. The Company’s comparable sales raised 6.3% for the five-week period contrast to a comparable sales decrease of 1.8% in the year ago period.
Based mainly on higher than planned sales quarter-to-date the Company is raising its guidance and now anticipates fiscal 2016 third quarter net sales in the range of $216 to $217 million and net income per diluted share of about $0.29 to $0.30, a boost from the formerly issued guidance of net sales in the range of $209 to $213 million and net income per diluted share of about $0.21 to $0.26. This guidance is now predicated on a comparable sales increase of about 2% for the third quarter.