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Stock Market & Financial Investment News

News Breaks
June 3, 2014
09:05 EDTMPELMelco Crown says Studio City project on track for mid-FY15 opening
Melco Crown announced that the development of the company's Studio City project is on track for a mid-FY15 opening. Studio City, the developer of Studio City, increased the Studio City construction budget by approximately $300M, from approximately $2B to approximately $2.3B. The shareholders of SCH have agreed to make available additional equity on a pro rata basis to partially fund such budget increase. It is anticipated that the remaining amount of such budget increase will be paid for out of previously funded equity commitments from such shareholders. The total development cost of the project will continue to be funded by a combination of equity contributions from shareholders, proceeds from the Studio City senior notes and project loan.
News For MPEL From The Last 14 Days
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November 14, 2014
12:53 EDTMPELOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
November 13, 2014
08:56 EDTMPELMacau to ask for eased restrictions on RMB conversion, Macau Business Daily says
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