Las Vegas Sands FORGING AHEAD in Macau and 4 Morning Hot Stocks Trading Mid-Week
UPS‘ (NYSE:UPS) offer for the takeover of TNT Express is extended to November 9, 2012, as certain conditions for completion of the offer, such as the antitrust condition, will not be fulfilled before the expiry of the Offer Period on 31 August 2012.
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A judge combines various lawsuits against JPMorgan (NYSE:JPM) over the massive London office trading losses into one class action suit. The plaintiffs include several pension funds from the U.S. and one from Sweden.
Enterprise solutions are a highlight of Dell’s (NASDAQ:DELL) earnings report. The division now accounts for 34 percent of revenues and more than half of gross profit. Server sales increased 8 percent while networking sales grew 94 percent. Services backlog was $16.3 billion, up 5 percent y-on-y.
Analysts are expecting red ink on HP’s (NYSE:HPQ) earnings numbers due after trading hours today. Net loss could be in the region of $8.9 billion due primarily to a write-off of its EDS acquisition and a charge of $1.5 billion – $1.7 billion for job cuts. Revenues are expected to be down 3.5 percent to $30.1 billion, and EPS could slip to $0.98 from $1.10.
A statement from Sheldon Adelson claims Las Vegas Sands (NYSE:LVS) intends to forge ahead with its expansion plans in Macau, despite rumors of ongoing investigations. The luxurious Sheraton Macao Hotel, a part of the Sands Cotai Central complex, is next on the cards to roll out.