Tag Archives: corporate-news

Deere, Alcoa, Electronic Arts, Royal Caribbean Cruises are among …

Deere, Alcoa, Electronic Arts are big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange:

BJ's Wholesale Club 2nd-quarter profit slips but beats estimates …

BJ’s Wholesale 2Q profit drops but beats estimatesPORTLAND, Ore. — BJ’s Wholesale Club said Wednesday that wet weather, food deflation and weak consumer spending hurt its second-quarter results, but the warehouse club chain beat …

Melco Crown Entertainment raises about $209.6 million in follow-on …

Melco Crown raises $209.6M in follow-on offeringNEW YORK — Melco Crown Entertainment Ltd. said Tuesday that it raised about $209.6 million through a follow-on public stock offering.

Analyst lowers some earnings estimates for Pinnacle Entertainment …

Analyst cuts some Pinnacle Entertainment estimatesNEW YORK — A JPMorgan analyst lowered some of Pinnacle Entertainment Inc.’s earnings estimates Wednesday following the casino operator’s recent senior notes offering.

Existing home sales rise in June for the third consecutive month …

Existing home sales show signs of recoveryWASHINGTON — The US housing market is finally on the mend after its most far-reaching collapse in 70 years. That could help rebuild consumer confidence and revive the economy.

Magna Entertainment unsecured creditors allege sham financial …

Magna creditors committee files complaintDOVER, Del. — The parent company of horse track owner Magna Entertainment Corp. is rejecting allegations that it engaged in sham transactions with MEC to benefit the man who is chairman of both …