Spanish authorities remain enamored of Las Vegas Sands’ (NYSE:LVS) plans to build a mega casino resort that could create 250,000 jobs in the employment starved country, and look the other way from the ongoing investigation into the company’s affairs by the DOJ, saying they will take a hands-off approach.
Medical device maker Medtronic (NYSE:MDT) reports a quarterly net profit of $864 million, up 5.2 percent, while revenues improve 5 percent after accounting a currency hit of $119 million. International revenues, which are about 44 percent of total, are up 6 percent, with emerging markets up 14 percent. The company reaffirms its FY13 guidance of EPS in the range $3.62 – $3.70 against market estimates of $3.66.
“We have not received a non-disclosure agreement. We’re not interested in receiving a non-disclosure agreement from American Airlines.” That blunt statement from JetBlue (NASDAQ:JBLU) CEO Dave Barger should put paid to persistent rumors about the airline’s likely merger with bankrupt American Airlines.
Johnson & Johnson (NYSE:JNJ) will pay up $600,000 to settle three lawsuits arising from defective ASR hip implants, according to a report by Bloomberg. The problem encompasses around 8,000 lawsuits that could make J&J liable for up to $2 billion.
Chinese maker of photo-voltaic solar modules Trina Solar (NYSE:TSL) reports as-expected quarterly shipments of 419 MW and gross margins of 8.4 percent. Estimates of shipments for Q3 are lowered to 450-480 MW while those for the full year are slashed to 1.75 – 1.8GW from 2-2.1GW.
Investing Insights: Is Home Depot a BUY?