LOS ANGELES, Jan 12 (Reuters) – A legal dispute
between the founder of Wynn Resorts Inc (WYNN.O: Quote, Profile, Research) and his
longtime partner raised questions about the state of the U.S.
casino company’s fast-growth Macau business, sending its shares
down more than 5 percent on Thursday.
Wynn Vice Chairman and major shareholder Kazuo Okada sued
the company in Nevada, accusing it of blocking his attempts to
review its business accounts despite repeated requests.
By Deena Beasley and Edwin Chan
(Reuters) – Louis Castle has been preparing for this moment for months.
Even before the Justice Department effectively gave the green light for states to legalize online gambling, the Shuffle Master Inc chief strategy officer had assembled a design team for a multiplayer gaming platform, kicked off a hiring plan, and made preparations to launch the company’s maiden interactive division this year.
“Come February, you’ll see a lot of activity in Nevada around legal online gaming. Some people will jump, we’ll certainly be ready,” said Castle, who joined Shuffle Master in October from Zynga. “The question is which companies will want to go first.
(Reuters) – Former Hewlett Packard CEO Mark Hurd made increasingly aggressive romantic advances over several years toward an independent contractor who later accused him of sexual harassment, according to claims in a letter from her lawyer obtained by Reuters.
The letter, ordered unsealed and allowed to be made public for the first time since the scandal emerged last year, outlined in intricate detail accusations by TV starlet and HP contractor Jodie Fisher that Hurd had wined and dined her, then allegedly sought sexual favors in return for employment.
Nov 29 (Reuters) – Corning Inc slashed its
fourth-quarter profit outlook and warned that a major South
Korean client was reneging on its contract as LCD glass supply
outstrips demand, triggering an 11 percent share price plunge.
Corning, struggling to cope with a glut of display glass as
global TV sales sputter, now expects consolidated-equity
earnings to dive 30 percent quarter-on-quarter, compared with a
5 percent decline anticipated previously.
(Reuters) – Apple Inc moved to shore up its board after the death of Silicon Valley legend Steve Jobs, appointing Walt Disney Co chief executive Bob Iger to its board to propel its media ambitions.
Iger brings sector expertise and Disney’s clout as the world’s largest media and entertainment conglomerate to bear, as Apple prepares to step up a fight with the likes of Amazon.com Inc and Google Inc over content and its distribution.
Nov 15 (Reuters) – Apple Inc moved to shore up its
board after the death of Silicon Valley legend Steve Jobs,
appointing Walt Disney Co Chief Executive Bob Iger to
its board to propel its media ambitions.
Iger brings sector expertise and Disney’s clout as the
world’s largest media and entertainment conglomerate to bear,
as Apple prepares to step up a fight with the likes of
Amazon.com Inc and Google Inc over content
and its distribution.
Nov 3 (Reuters) – MGM Resorts International
narrowed its losses, but failed to live up to heightened
expectations as gambling and spending on the Las Vegas Strip
recovered, sending its shares down nearly 6 percent.
The operator of the Bellagio, CityCenter and MGM Grand
reported a smaller third-quarter loss and a slight revenue
beat. But rival Las Vegas Sands Corp comfortably
surpassed Wall Street’s expectations last week.
LOS ANGELES (Reuters) – Las Vegas Sands Corp (LVS.N: Quote, Profile, Research, Stock Buzz) posted better-than-expected revenue in Asia and rode a rebound in U.S. growth on Thursday, calming fears that economic weakness would discourage leisure travel and gaming.
Sands’ numbers helped dispel fears its Asian cash cow — Macau — would suffer if China slows or chokes off a lucrative flow of gamblers from the world’s second largest economy.
(Reuters) – IBM global sales chief Virginia Rometty will take over as CEO from Sam Palmisano in January, becoming one of the most powerful women in business and technology today.
In taking the helm of the storied industry icon, she makes it the largest U.S. corporation by value to be headed by a woman.
SAN FRANCISCO, Oct 21 (Reuters) – Goofball, visionary,
opportunist, maverick: Andrew Mason invites all manner of
description but the one thing all agree on is that the Groupon
CEO is one shrewd customer.
The music-studies major who says he started Groupon to get
his business partners off his back is now the central figure in
a $540 million IPO that has drawn scrutiny from regulators,
harsh criticism from Silicon Valley, and occasional derision
from the investment community.