Volume Buzz: Las Vegas Sands Corp, McDonald's Corporation, Best Buy Co
2013-03-20 12:26 ET - News Release
NEW YORK, March 20, 2013 - Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Las Vegas Sands Corp, McDonald's Corporation, Best Buy Co.Las Vegas Sands Corp.(NYSE:LVS) is facing its second trial in a case brought by a Hong Kong businessman who says the casino company owes him for obtaining a license tooperate in Macau.
A trial is scheduled for next week in state court in Nevada over claims by Richard Suen that he helped Las Vegas Sands win a license to open and run a casino in the Macau territory in 2002 and that the company had gone back on its promise to pay him a fee. In 2010, a Nevada appeals court had reversed a $43.8 million jury award two years earlier in favor of Suen and sent back the case for a new trial.
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Las Vegas Sands has said that it obtained the Macau license after taking the suggestion of the local government and joining the bid by Galaxy Entertainment Group Ltd., backed by two prominent and wealthy Hong Kong families.
Meanwhile, earlier this week a JPMorgan analyst has upgraded Best Buy Co., Inc.(NYSE:BBY) to "Overweight"on Monday, saying that the struggling retailer is succeeding in its turnaround efforts.
Best Buy has been trying hard to improve sales and profit in the face of tough competition from rivals, including online competitors. The company, with the help of turnaround expert Herbert Joly since August, has slashed jobs, invested in training and started lowering prices to match online rates. All this has had a positive effect on thecompany’s financial results.
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Sales in stores open at least 14 months rose 0.9 percent in the fourth quarter, the best performance in nearly4 years. Earnings and revenue has also beaten Street expectations.
Piper Jaffray analyst Peter Keith's has already raised his rating for the Best Buy stock to "Overweight" from "Neutral".
The FAI is expected to announce a partnership with Republic of Ireland captain and leading goalscorer Robbie Keane as McDonald's Corporation(NYSE:MCD)’s “brand ambassador”.
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This will enable the FAI to run coaching programs and will support club development. However, Prof Donal O’Shea, an endocrinologist voiced his criticism:
“I think my view is it should not be happening, the argument is over about this now. Sponsorship is advertising. Advertising influences young kids in particular.”
“To have a sporting organization that is funded by the Government that is entering into a partnership with the ultra-processed food and drinks industry, any government organization needs to do that responsibly and build in safety measures for children.
“The Government should withdraw any funding it gives the FAI if the FAI has not consulted with the Government about this.” The FAI receives funds from the Irish Sports Council. A spokesman for the Council said that it cannot decide who should sponsor individual sporting organizations but agreed that both institutions had to be aware of the potential response from parents.
McDonald’s said that it was “committed to supporting healthy, active lifestyles” and its food can be consumed as part of a balanced diet.
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