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Financial News Digest: Reuters, WSJ, NY Times, FT

Posted: May 29, 2013 at 6:45 am

Apple Inc's (NASDAQ: AAPL) CEO Tim Cook says he expects the company to release more innovative devices. (Reuters) Investors are worried about why the Procter & Gamble Co. (NYSE: PG) ...
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Bull and Bear

Top Analyst Downgrades and Stocks to Sell: Coke, Carnival, Soda, UBS and More

Posted: May 22, 2013 at 8:35 am

Investors often see the analyst upgrades and big buy ratings from Wall Street firms, but they do not always get to see when these firms say to sell or avoid ...
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Casino Entrance

You Can Play Real-Money Poker Online Again — If You Live in Nevada

Posted: April 30, 2013 at 1:11 pm

The first legal online gambling site in the U.S. launched today, ultimatepoker.com, a majority-owned subsidiary of Station Casinos LLC. In order to play, though, you must be able to prove ...
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Market Close: Big Winners & Losers for April 23, 2013

Posted: April 23, 2013 at 4:29 pm

Here are today’s five biggest gaining stocks at closing: Superconductor Technologies Inc. (NASDAQ: SCON) is up 134.9% at $5.45. MEMSIC Inc. (NASDAQ: MEMS) is up 50.8% at $4.07. Ceasars Entertainment ...
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Casino Entrance

Real-Money Gambling Goes Live

Posted: April 3, 2013 at 10:10 am

Today’s launch of real-money gambling in the United Kingdom has sent shares of Zynga Inc. (NASDAQ: ZNGA) soaring this morning. The anticipated launch in a partnership with Bwin.party Digital Entertainment ...
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Tax

Companies Paying the Least in Taxes

Posted: March 15, 2013 at 4:32 pm

As Washington tries to find its way out of increasing debt, the debate continues over whether American companies should pay more or less in taxes. Meanwhile, some of the largest ...
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Nevada Online Gambling Law Juices Stocks (ZNGA, FB, IGT, BYI, BYD, WMS, SHFL, CZR, MGM, MPEL)

Posted: February 25, 2013 at 11:15 am

We noted last Friday the impact on some stocks following Nevada’s enactment of legislation permitting online gambling in the state. Now a state with just 3 million people is not ...
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Bull and Bear figures

24/7 Wall St. Closing Bell — February 8, 2013: Markets Start Higher, Hold on to Gains (DIS, CS, ARMH, BIIB, DFS, ATVI, CSTR, LNKD, RVBD, SPWR, AOL, APO, MCO, CCJ, L, NAT, WPP, ZNGA, ONCY, CZR)

Posted: February 8, 2013 at 4:03 pm

U.S. equity markets opened higher this morning boosted by higher-than-expected trade balances in China (more coverage here) and in the U.S. (more coverage here). In Europe the big news came ...
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Casino Entrance

Nevada Gambling Revenues Rise Slightly in October

Posted: December 7, 2012 at 11:02 am

In its latest report on gambling revenues in the state, the Nevada Gaming Commission said that total revenue for October 2012 came in at $979 million, up 1.9% compared with ...
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24/7 Wall St. Closing Bell — November 1, 2012: Markets Pick Up Some Steam Today (NFLX, TWX, JCP, RVBD, CMVT, ALL, CZR, HTZ, MUR, APA, EXC, XOM, HCA, RGLD, RATE, CHK, FLR, GDOT, LVS, PCLN, SBUX, YELP, CVX, HES, MHP, OZM, RL, KSWS, ZUMZ, RIMM)

Posted: November 1, 2012 at 4:04 pm

U.S. equity markets opened higher following a spate of moderately good news on U.S. employment. The ADP report showed job gains (more coverage here), and the report on new claims ...
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Ceasars’ Huge Loss Doesn’t Hit Shares After-Hours

Posted: October 31, 2012 at 4:56 pm

Ceasars Entertainment Corp. (NASDAQ: CZR) reported third-quarter 2012 results after markets closed today. For the quarter, the casino and resort owner posted a diluted earnings per share (EPS) loss of ...
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24/7 Wall St. Closing Bell — October 31, 2012: Markets Open Higher Only to Flatten Out (RVBD, S, UBS, D, VLO, BUD, MT, CAM, CNH, COCO, CMI, ETN, H, MA, PSX, CLX, WM, ALL, CZR, HTZ, MUR, APA, CVC, EXC, XOM, HCA, RGLD, F, WRC, PVH, WU)

Posted: October 31, 2012 at 4:42 pm

U.S. equity markets re-opened for business in New York this morning after a two-day shutdown forced by Hurricane Sandy. Markets opened higher, but lost their energy by mid-morning. Asian markets ...
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Fewer High Rollers Costs MGM Resorts

Posted: October 31, 2012 at 2:11 pm

Shares of MGM Resorts International (NYSE: MGM) dropped this morning after the company reported a larger-than-expected loss in the third quarter. The company posted an earnings per share (EPS) loss ...
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Media Digest (10/31/2012) Reuters, WSJ, FT, Bloomberg

Posted: October 31, 2012 at 6:17 am

Walt Disney Co. (NYSE: DIS) buys Lucasfilm for $4.05 billion. (Reuters) Many members of the Greek parliament will vote in favor of austerity measures. (Reuters) Chrysler will not move Jeep ...
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Short Sellers Lighten Up on Bets Against Casinos and Gambling (BYD, CZR, LVS, MPEL, MGM, PENN, WYNN, IGT)

Posted: September 26, 2012 at 11:05 am

    Short sellers have actually lightened up on their bets against the casinos and against the gambling machine makers. Perhaps the drop from the highs has taken the easy ...
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