Unwired Planet Acquires Ericsson Patents and 3 Hot Stocks Making Waves
MGM Resorts International (NYSE:MGM): Current price $12.7101
MGM Resorts International (NYSE:MGM) plans to invest over half $1 billion on revamping its Las Vegas and Detroit properties as it rides high after recording full occupancy during New Year’s Eve and through CES. The company is seeing strong bookings for the Chinese New Year beginning February 10, celebrating the Year of the Snake. MGM also got a boost by concluding a 25 year lease agreement on Macau’s famed Cotai Strip for a resort project having 1600 hotel rooms, 500 table games and 2500 slot machines to be built on 18 acres.
Boeing (NYSE:BA): Current price $75.1601
Boeing (NYSE:BA) clarifies on the joint review of the company’s 787 airliner with the FAA after a number of alleged mishaps. Claiming the 787 is a safe and efficient airplane that has logged 50,000 hours of flight, and completed the most robust and rigourous certification process in the history of the FAA, Boeing welcomed the opportunity to conduct the joint review.
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
Unwired Planet (NASDAQ:UPIP): Current price $1.8090
Mobile Internet inventor Unwired Planet (NASDAQ:UPIP) announces its acquisition of 2185 patents and patent applications from Ericsson (NASDAQ:ERIC) that include patented inventions relating to global communication technology such as GSM, GPRS, EDGE, WCDMA, LTE and others. Going forward, Ericsson will also contribute 100 additional patent assets annually to Unwired Planet commencing 2014 through 2018. The acquisition will strengthen Unwired Planet’s Mobile IP portfolio. Ericsson will be compensated by ongoing rights revenues generated from this portfolio.
JP Morgan Chase & Co (NYSE:JPM): Current price $45.97
According to Reuters, regulators made soon take action against JP Morgan Chase & Co (NYSE:JPM) in the form of a cease-and-desist order asking the bank to strengthen its anti-money laundering systems so as detect dubious money flows such as from terrorism, drugs and sanctioned countries. The action would follow an enquiry being conducted by the regulators since the past many months, and is unlikely to result in a monetary fine, according to the sources.
Don’t Miss: Will Apple and China Mobile Partner Up?