(CUSIP No. 127687AA9; CUSIP No. 127687AB7; ISIN No. US127687AA90; ISIN No. US127687AB73)

Third Annual MBA Poker Championship Hits $30,000 mark for the Alzheimer's Association

With more than 17 million units sold the iPhone (AAPL) has become a cultural phenomenon. Sure all those apps have something to do with its success but the device's touch-sensitive display can't be overstated. Now competitors are readying touchscreen products of their own. It’s a remarkable resurgence for a technology that was originally panned when it was first introduced by Apple’s biggest rival almost 10 years ago. Back then when Microsoft (MSFT) introduced its tablet PC featuring a rotating touch-sensitive display Bill Gates hailed it as the future of personal computing. He was right but the world wasn't ready. Now the iPhone's insane popularity makes for ...

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Harrah's third-quarter numbers ran hot and cold. Competition is getting fierce, and this stock might not be worth the risk.

Dubai World bought a $2.7 billion stake in MGM's CityCenter project, and it wants a large equity stake as well.

It's no secret that casino stocks suffer during economic downturns, but Boyd Gaming (NYSE:BYD) will get hit harder than most. Unlike competitors Wynn (NASDAQ:WYNN) and Las Vegas Sands (NYSE:LVS), which focus on the higher end of the market and the fast-growing Chinese gambling destination Macau, or Harrah's (NYSE:HET), which is the most geographically diverse casino company, 60% of Boyd's revenue comes from Las Vegas and lower-end properties at that - hotel rooms at Boyd-operated casinos averaged under $100 / night in 2006 compared to over $200 for Las Vegas Sands.

In addition, Boyd has built up a profitable, niche clientele of out-of-towners flying in from Hawaii. Problem is, airlines are cutting flight into Las Vegas left and right because they lose money on these flights with oil above $100 a barrel. That's sure to further reduce Boyd's occupancy, at a time when they need cash to finance the constructiong of their next big Vegas casino - The Echelon.

» Read More

Related Concepts:

Airline Travel
Recession
Oil Prices

Related Companies:

Boyd
Harrah's
MGM
Wynn
Las Vegas Sands

It's no secret that casino stocks suffer during economic downturns, but Boyd Gaming (NYSE:BYD) will get hit harder than most. Unlike competitors Wynn (NASDAQ:WYNN) and Las Vegas Sands (NYSE:LVS), which focus on the higher end of the market and the fast-growing Chinese gambling destination Macau, or Harrah's (NYSE:HET), which is the most geographically diverse casino company, 60% of Boyd's revenue comes from Las Vegas and lower-end properties at that - hotel rooms at Boyd-operated casinos averaged under $100 / night in 2006 compared to over $200 for Las Vegas Sands.

In addition, Boyd has built up a profitable, niche clientele of out-of-towners flying in from Hawaii. Problem is, airlines are cutting flight into Las Vegas left and right because they lose money on these flights with oil above $100 a barrel. That's sure to further reduce Boyd's occupancy, at a time when they need cash to finance the constructiong of their next big Vegas casino - The Echelon.

» Read More

Related Concepts:

Airline Travel
Recession
Oil Prices

Related Companies:

Boyd
Harrah's
MGM
Wynn
Las Vegas Sands

Filed under: Earnings reports, Harrah's Entertainment (HET), Verizon Communications (VZ), BP p.l.c. ADS (BP), Technical Analysis, Stocks to Buy

The development of new information technologies leads to fresh opportunities for businesses to expand and serve their customer bases. There is a Cambridge, Massachusetts firm that rides the crest of the IT wave, helping companies take full advantage of those opportunities.

Sapient Corporation (NASDAQ: SAPE) provides business, marketing and technology consulting services. The firm's design and implementation expertise are used by information-based businesses and government agencies with needs in e-commerce, customer relationship management, high volume transaction processing, online supply chain development and knowledge management. Clients include BP (NYSE: BP), Harrah's Entertainment (NYSE: HET) and Verizon Communications (NYSE: VZ).

Continue reading Sapient Corporation (SAPE): Shares form a bullish pennant

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Jacada (JCDA), a leading provider of unified desktop and process optimization solutions for customer service operations, yesterday announced the signing of another deal with a public utility, worth to be an estimated $1 million in revenue. This is great news for Jacada. Jacada continues to sign deals. This is the 4th utility to do [...]

Stocks generally rose today in Asia and are trading higher in Europe, following U.S. market strength on Monday. American shares benefited from anticipation of today's Federal Open Market Committee meeting, and its resulting policy decision and statement. The market is actively pricing in the likelihood of Fed inaction on rates, with a new focus on liquidity and economic growth, and less attention to inflation. We expect the Fed will continue to stress its interest in controlling inflation, but will also address the credit crunch and it's willingness to come to the rescue with expansionary action if necessary. We would like to see the Fed strongly word its attentiveness to the current credit crisis, as the system needs restored confidence in the Federal Reserve at this point

We will discuss productivity, ICSC figures and other data in "Today's Coffee," which will follow. In other news, Microsoft ( NASDAQ: MSFT) is cutting prices on its Xbox, countering a recent move to do so by competitor, Sony ( NYSE: SNE). A great number of companies are reporting earnings today, including Harrah's Entertainment ( NYSE: HET), International Securities Exchange ( NYSE: ISE), Tyco International ( NYSE: TYC), Duke Energy ( NYSE: DUK), Dean Foods ( NYSE: DF), Leap Wireless ( NASDAQ: LEAP), Yamana Gold ( NYSE: AUY), Priceline.com ( NASDAQ: PCLN), Playboy Enterprises ( NYSE: PLA) and many others. Please find today's sidebar section "Headline News" below:


CNN Money: Asia Rallies
Bloomberg: Productivity Soft, Labor Costs Sharp
Forbes: Corporate Bond Market Slows
Financial Times: Bear Stearns Seeks Backing
Bloomberg: What's Next for Oil?
MarketWatch: Gold Futures Fall on Dollar Strength
Yahoo! Earnings Calendar
CNN Money: Microsoft Cuts Xbox Price
AP/Yahoo!: Harrah's Entertainment Profits
AP/Yahoo!: ISE Earnings Rise 16%
AP/Yahoo!: Tyco Posts Loss on Settlement Charge
AP/Yahoo!: Duke Energy Earnings Fall
AP/Yahoo!: Dean Foods Profit Dips
AP/Yahoo!: Marvel Entertainment Profit Up
Forbes: WalMart Deals to Enter India
BBC: Russian Missile Finds Georgian Territory
BBC: Pakistani Army Strikes Tribal Area
Iran Daily: Tales from the Dark Side

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Ian Stansel takes a look at news currently driving the market.

Mark Fightmaster takes a look at market news before the open.

Daily Video News Blog & Podcast: Biomet sold for 10-billion, makers of hip and knee replacement products, Harrahs to be sold, Shuterfly opening new facility, Nielsen television ratings service cuts jobs. (HET) (BMET) (GS)

Focus Media Holdings, The NYSE Group Inc, NASDAQ Stock Market Inc, Boyd Gaming, MGM Mirage, Trump Entertainment, General Motors

Joseph Hargett takes a look back at the major events that drove the market today.