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Higher table revenue keeps Wynn Resorts bullish
The stock of casino operator Wynn Resorts (NASDAQ: WYNN) was hammered after it reported lower than anticipated fiscal 2016 third-quarter results in the first-week of November. Wynn Palace, which was opened recently, generated $42,117 per day from its VIP tables.
Read MoreFinancial Experts Indicate Possibility of Interest Rate Cut In India
Financial experts believe that a rate cut is imminent in India after indicators suggest that the demonetization exercise has left the economy battered. The announcement is expected after country’s central bank, the Reserve Bank of India (RBI) holds its bi-monthly
Read MoreFord turns attractive on cheap valuations
The stock of Ford Motor Company (NYSE: F) continues to remain range bound between 11.90 and 12 for the past three months. Ironically, the stock was unable to move up even after reporting fiscal 2016 third-quarter results that beat the
Read MoreBoE To Release Stress Test Results By End Of Week
The Bank of England (BOE) is expected to release the results of the latest round of stress tests it has carried out on top British banks before the end of this week. The tests were carried out to check the
Read MoreGeneral Motors turn bullish as Q3 results beat estimates
In spite of reporting 104% y-o-y increase in the net income, concerns about overheating of automotive sector kept the investors away from the stock of General Motors Company (NYSE: GM). The analysts’ also attributed the slowdown in sales growth for
Read MoreCoca-Cola signals uptrend on rise in sales volumes
Two weeks before, carbonated soft drink manufacturer Coca-Cola Company (NYSE: KO) reported its fiscal 2016 third-quarter results that beat the analysts’ estimates. However, the share price continues to remain stuck at $42 levels. The analysts attribute the 7% decline in
Read MoreRBS Creates A £400m Customer Compensation Scheme
The British banking major, the Royal Bank of Scotland (RBS) has set up a compensation scheme valued at £400 million to reimburse certain customers for the charges they paid after the UK’s financial regulatory body, the Financial Conduct Authority (FCA)
Read MoreBaidu turns weak on soft Q4 guidance
The shares of Baidu Inc (NASDAQ: BIDU), also referred to as China’s google, fell more than $10 to $171.56 in the past one week, even after reporting fiscal 2016 third-quarter earnings that topped the analysts’ estimates. The decline in revenues
Read MoreHong Kong Watchdog To Impose Sanctions On Standard Chartered
British Bank Standard Chartered has been hit with a number of fines from financial regulators during the last couple of years due to a number of procedural violations. The bank had to pay $300 million in fines after US watchdog
Read MoreFord turns bearish on soft FY16 outlook
One-time costs of $600 million associated with the replacement of faulty door latches took a toll on the fiscal 2016 third-quarter income of the automotive manufacturer Ford Motor Co. (NYSE: F). The company’s revenue and earnings topped consensus estimates. Ford
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