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Stock Market & Financial Investment News

News Breaks
March 8, 2013
09:59 EDTWYNN, MGM, CZR, PENN, LVS, GLUU, BYD, HOT, ZNGAOnline gambling bill to be introduced in Pennsylvania, Philly Inquirer says
A Bucks County Democrat confirmed her intention to introduce a bill that would legalize Internet wagering in Pennsylvania as soon as next week, reported The Philadelphia Inquirer. Reference Link
News For CZR;ZNGA;GLUU;MGM;HOT;LVS;WYNN;BYD;PENN From The Last 14 Days
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May 15, 2015
11:08 EDTCZROmega Advisors gives quarterly update on stakes
NEW STAKES: Targa Resources (TRGP), Targa Resources Partners (NGLS), Humana (HUM), Dow Chemical (DOW), and Twenty-First Century Fox (FOXA). INCREASED STAKES: Kinder Morgan (KMI), Chimera Investment Corporation (CIM), AerCap Holdings (AER), Shire (SHPG), and KKR & Co. (KKR). DECREASED STAKES: eBay (EBAY), Altisource Portfolio Solutions (ASPS), Caesars Entertainment (CZR), Navient (NAVI), and TerraForm Power (TERP). LIQUIDATED STAKES: HCA Holdings (HCA), Gilead (GILD), Cabot Oil & Gas (COG), and Apple (AAPL).
10:55 EDTHOTJANA Partners gives quarterly update on stakes
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10:01 EDTWYNNOn The Fly: Analyst Downgrade Summary
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08:24 EDTGLUUGlu Mobile growth forecasts achievable and possibly conservative, says Canaccord
Canaccord came away from the Glu Mobile analyst day believing management's view of 20%+ annual top-line growth is not only achievable but may prove to be conservative. The firm sees the company leveraging its gaming communities and recognizable star power to drive growth and reiterated its Buy while raising its price target to $9 from $8 on Glu Mobile shares.
07:43 EDTMGMGlass Lewis recommends MGM investors endorse Land & Buildings nominee
Land and Buildings Investment Management announced that Glass, Lewis & Co., an independent proxy voting advisory firm, has recommended that shareholders of MGM Resorts International vote on the GOLD proxy card to elect nominee Matthew Hart, saying: “In light of the company's prevalent shareholder return underperformance and undervaluation relative to peers, as well as lingering concerns with respect to capital allocation, financial discipline, accountability and overall boardroom culture, we believe the Dissident has established a case for change at the board level... In our view, L&B has presented a compelling opportunity for MGM to unlock substantial value through a potential REIT conversion and additional measures which would further de-lever the balance sheet." Jonathan Litt, Founder and CIO of Land and Buildings, said, “The fact that Glass Lewis is endorsing one of our nominees sends a clear message that change is needed in the MGM boardroom in order to deliver value for all shareholders. We are extremely gratified that Glass Lewis has agreed with so many of the points we have brought to light throughout this campaign, and encourage shareholders to follow the Glass Lewis recommendation and vote on the Gold proxy card.”
06:59 EDTGLUUGlu Mobile price target raised to $9 from $7.50 at Piper Jaffray
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05:43 EDTMGM, WYNN, LVSWynn Resorts downgraded to Equal Weight from Overweight at Barclays
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May 13, 2015
10:40 EDTMGMMGM Resorts says ISS recommends shareholders vote for all company nominees
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10:26 EDTMGMISS endorses all of MGM nominees in proxy fight, CNBC's Faber reports
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09:35 EDTLVSLas Vegas Sands' Q1 revenues tracking slightly below Street, says ITG Research
ITG Research said Las Vegas Sands' Q1 net revenues are tracking in the range of $2.95B-$3B, below consensus of $3.03B.
May 12, 2015
16:11 EDTHOTStarwood closes sale of The Gritti Palace
Starwood Hotels & Resorts announced that it has closed on the sale of The Gritti Palace, Venice to Nozul Hotels & Resorts, the owner of W Doha Hotel, and a wholly owned subsidiary of “Jaidah Holdings” for approximately $117M. Starwood will continue to operate the hotel under The Luxury Collection brand flag under a new long-term management agreement.
09:19 EDTHOTStarwood signs long-term management agreement with 302 Pitt Operations
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08:09 EDTPENNDeutsche positive on Penn National after management meetings
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08:01 EDTHOTStarwood says Sheraton brand to debut in Danang, Vietnam
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07:50 EDTPENN, BYD, MGMWells Fargo to hold a conference
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May 11, 2015
13:15 EDTGLUUTencent Holdings reports 10.39% stake in Glu Mobile
May 8, 2015
15:15 EDTHOTStarwood management to meet with JPMorgan
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12:51 EDTHOTStarwood may be looking for acquisition, says Wells Fargo
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12:46 EDTHOTMarriott CEO sees four potential outcomes for Hilton, Hotel News Now says
Marriott CEO Arne Sorenson laid out four possible outcomes for Starwood (HOT), which is exploring strategic alternatives, Hotel News Now reports, citing comments from the Arabian Hotel Investment Conference in Dubai. One outcome is Marriott or Hilton (HLT) buying Starwood, which Sorenson downplayed, according to the website. The others options include Starwood acquiring another company, getting bought out by a buyer from the Middle East or Asia and maintaining the current ownership structure. Reference Link
10:29 EDTGLUUGlu Mobile to hold analyst and investor day
Analyst and Investor Day is being held in San Francisco on May 14 at 4:30 pm. Webcast Link
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