A new phenomenon sweeping across the market threatens to make it even harder for bulls to gain any territory.» Read More
Friday's midday movers:
The billionaire ex-wife of a U.S. casino magnate bought the world's most expensive painting sold at an auction, the Wall Street Journal reported.
Traders Jon Najarian and Josh Brown debate Wynn Resorts. Doctor J says VIP's will continue to flock to the casino. Brown thinks Wynn is overvalued and it's the wrong time to buy.
The dispute around director compensation is the latest front in the war of influence between activist hedge funds and corporate boards.
Take a look at some of Friday's midday movers:
TOKYO, Nov 8- Japan's biggest property developer Mitsui Fudosan Co has joined forces with media firm Fuji Media Holdings and builder Kajima Corp to develop a proposed casino and resort complex in Tokyo.
TOKYO, Nov 1- A civil lawsuit between Wynn Resorts Ltd and Japanese billionaire Kazuo Okada has been put on hold for another six months to allow U.S. prosecutors to continue investigating Okada and his companies for possible bribery in the Philippines.
LOS ANGELES, Oct 31- MGM Resorts International posted a narrower third-quarter loss on Thursday and was optimistic about a planned new casino in Massachusetts, although lower-than-expected margins at its Chinese and Las Vegas operations disappointed some analysts.
How do you know the economy is coming back? High rollers are paying their gambling debts.
Decent earnings have been overshadowed by poor showing in Asia, and a weak U.S. durable goods figure.
Some of the names on the move ahead of the open.
HONG KONG, Oct 25- Hong Kong shares may open down on Friday, with investors cautiously watching China's short-term money rates after a spike in the last two sessions triggered profit taking in growth-sensitive counters.
Oct 24- Wynn Resorts Ltd Chairman Steve Wynn said Caesars Entertainment Corp's withdrawal from a $1 billion casino venture in Massachusetts was surprising and would be discussed at his upcoming board meeting. Wynn is currently bidding for a Massachusetts license for a casino that would be located in the Boston suburb of Everett.
Check out which companies are making headlines after the bell Thursday:
Oct 24- Wynn Resorts Ltd reported a 7 percent rise in quarterly revenue as gamblers flocked to its casinos in Macau. Revenue at Wynn's Macau casinos rose about 10 percent to $997.6 million in the third quarter, accounting for more than 70 percent of the company's total revenue.
TOKYO, Oct 22- A Tokyo court has dismissed a defamation lawsuit filed by Japanese billionaire Kazuo Okada against U.S. casino operator Wynn Resorts and some of its top executives, saying the case should not be handled by a Japanese tribunal.
Oct 21- Caesars Entertainment Inc, the latest U.S. casino operator to fall under federal scrutiny, is pulling out of a $1 billion joint venture in Boston after background checks by a local gaming regulator.
It was a "Who's Who" of guests on "Squawk Box"—everybody from Buffett to Bowles, Tepper to Cooperman, and McCain to Corker. "Talking Squawk," the official show blog, covers them all.
"I'd say 80/20 that they do get a deal," Jon Najarian says.
The "Fast Money" traders share their final trades of the day.