Services Sector Review: Viacom Amazon Agreement, Florida Casinos
PC Connection, Inc. (NASDAQ:PCCC): Joseph S. Driscoll will join the Company as Senior Vice President, Treasurer, and CFO, reporting to Timothy McGrath, President and CEO.
The shares closed at $10.31, down $2.42, or 19.01%, on the day. Its market capitalization is $272.53 million.
Wynn Resorts, Limited (NASDAQ:WYNN), Las Vegas Sands Corp. (NYSE:LVS): Florida’s House Business and Consumer Affairs Subcommittee will take up a proposal that would allow $2B “destination casinos” and would also set up a new gambling regulation agency, ban Internet cafes and cut racino taxes in what will be its first, and possibly only, hearing by House members, according to The Sun Sentinel.
WYNN shares closed at $114.98, down $5.8, or 4.8%, on the day. Its market capitalization is $14.37 billion.
LVS shares closed at $51.91, up $0.84, or 1.64%, on the day. Its market capitalization is $38.04 billion.
Google Inc (NASDAQ:GOOG): A German judge, responding to a patent lawsuit by Motorola Mobility (NYSE:MMI), has issued a permanent injunction against Apple’s (NASDAQ:AAPL) use of a push e-mail service in Germany, according to Foss Patents. As a result, Germans who have Apple mobile devices will likely have to check for their e-mails on those devices, instead of being informed automatically when they receive e-mails, said the publication, which explained that the ruling will be enforced upon a request from Motorola.
The shares closed at $596.33, up $11.22, or 1.92%, on the day. Its market capitalization is $193.89 billion.
Amazon.com, Inc. (NASDAQ:AMZN): According to sources close to the matter, Viacom (NYSE:VIA) Chairman Sumner Redstone is expected to approve a subscription revenue agreement with Amazon (NASDAQ:AMZN), and say the companies are putting “the final touches” on a deal, the New York Post reports. Viacom already has streaming agreements with Hulu (NYSE:DIS) (NASDAQ:NWSA) (NASDAQ:CMCSA) and Netflix (NASDAQ:NFLX).
The shares closed at $187.68, up $5.96, or 3.28%, on the day. Its market capitalization is $85.39 billion.
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