Shares of Intel (NASDAQ:INTC) are trending lower after the chip-maker trimmed its Q3 guidance lower citing “weaker than expected demand in a challenging macroeconomic environment.” Expected revenues are lowered 7 percent to the range $12.9 billion – $13.5 billion from the earlier forecast of $13.8 billion-$14.8 billion.
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Starbucks (NASDAQ:SBUX) plans for growth outside China’s metropolitan areas will rely on a different tack – stores are likely to be modeled like local courtyards rather than the usual U.S. store format. The bigger challenge, to unlock the wallets of the extra thrifty population, remains however.
Coca-Cola (NYSE:KO) is reportedly considering a new product to cash in on the growing popularity of flavored water with its Dasani Drops brand. The product will sell for $4 a bottle wherever Dasani water is sold, and in supermarkets. Bottled water sales and profits apparently overtook soda in Q2
Casino operators Wynn Resorts (NASDAQ:WYNN) and Las Vegas Sands (NYSE:LVS) are flush with cash and may pay special dividends by the end of the year, according to Susquehanna. The dividend tax likely to kick in from 2013 is also a factor.
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