On Monday, Shares of Freeport-McMoRan Inc (NYSE:FCX), SUBTRACT -1.57% and closed at $10.69 in the last trading session. The last trading range of the stock ranges between $10.66 and $11.20. 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.
Genworth Financial Inc (NYSE:GNW), jumped 0.20% and closed at $4.97 in the last trading session. The last trading range of the stock ranges between $4.91 and $5.00. The company’s Market capitalization is $2.53 Billion with the total Outstanding Shares of 498.34 Million. Genworth Financial, Inc. provides insurance and homeownership solutions in the United States and internationally. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products mainly insure prime-based and individually underwritten residential mortgage loans. The Canada Mortgage Insurance segment provides flow mortgage insurance; and bulk mortgage insurance products and services that aid in the sale of mortgages to the capital markets, in addition to assists lenders manage capital and risk in Canada. The Australia Mortgage Insurance segment offers flow mortgage insurance, in addition to bulk mortgage insurance that aids in the sale of mortgages to the capital markets in Australia. The U.S. Life Insurance segment offers long-term care insurance products, in addition to service traditional life insurance and fixed annuity products in the United States. The Runoff segment covers non-planned products, which mainly include variable annuity, variable life insurance, institutional, corporate-owned life insurance, and accident and health insurance products. This segments institutional products include funding agreements, funding agreements backing notes, and guaranteed investment contracts.
Paypal Holdings Inc (NASDAQ:PYPL),LOST -0.93% and closed at $40.59 in the last trading session. The last trading range of the stock ranges between $40.16 and $41.20. During the 52-week trading session the minimum price at which share price traded, registered at $30.52 and reached to max level of $41.75. Lending Club (LC), the world’s leading online marketplace connecting borrowers and shareholders, declared recently that Russell S. Elmer has been named General Counsel, reporting to Scott Sanborn, President and Chief Executive Officer. Elmer will succeed Jason Altieri who has served as the Company’s General Counsel for the past seven years.
“Working with regulators and policy makers, I believe Lending Club will continue to play a critical role in shaping the marketplace lending industry and delivering responsible products that meet the evolving needs of consumers, small businesses, community banks and shareholders,” said Elmer. “I’m excited to be returning to Lending Club to build on the success the company has already achieved.”
Elmer received a JD from the University of California, Berkeley, School of Law and a BA in Political Science and International Relations from Stanford University. He is a member of the State Bar of California.
Altieri will work with Elmer and the company to ensure a smooth transition. “For the past seven years, Jason has been integral to our success and growth, counting guiding us through the initial public offering. We greatly appreciate his outstanding service throughout the company’s history and his continued dedication to our business,” said Scott Sanborn, President and CEO.