EFG to Cut 200 Jobs as Swiss Bank Seeks to Stem Drop in Profit
EFG International AG, a Swiss private bank, plans to eliminate 200 jobs to help cut costs by 30 million Swiss francs ($29 million) through 2016 to stem a drop in profit. Operating income and...
View ArticleUS stocks wobble into Thanksgiving break in light trading
NEW YORK (AP) — Stocks wobbled on Wednesday and finished little changed before the Thanksgiving holiday in the U.S. The market was positive for most of the day, but its gains dissipated in the final...
View ArticleDow jumps 150, positive for 2015 as Nike leaps 4%
U.S. stocks traded higher Friday, helped by gains in retail stocks, as investors looked to central banker comments that added further support to a diverging trajectory between monetary policy in Europe...
View ArticleEarnings: Wal-Mart tops profit forecasts
Wal-Mart reported improved customer traffic and an uptick in a key sales figure for the third quarter, even as a stronger dollar pressured its performance overseas. The world’s largest retailer also...
View ArticleFalling profit, revenue
The main culprit is the plunging price of oil, which has decimated earnings at big energy companies like Exxon Mobil and Chevron. Earnings at energy companies dropped a staggering 59...
View ArticleBest Buy’s revenue disappoints, holiday outlook cautious
Best Buy Inc. reported disappointing quarterly sales and a cautious outlook for the key holiday shopping season on Thursday. The electronics retailer said it expects “near flat” revenue in its fourth...
View ArticleMohegan Tribal Gaming Authority Announces Fourth Quarter Fiscal 2015...
, Nov. 19, 2015 /PRNewswire/ -- The Mohegan Tribal Gaming Authority, or the Authority, the owner and operator of Mohegan Sun in , and Mohegan Sun Pocono in , announced today the operating results for...
View ArticleBanks see 9% drop in nine-month net profits
The domestic banking industry continued to suffer from declining profits during the first nine months of this year as the country’s slowing economy had begun to impact their business. The latest...
View ArticleThe Taken King Helps GameStop Digital Sales, But Overall Revenue and Profit Fall
Video game retail giant GameStop today reported earnings for the quarter ended October 31, revealing a mixed bag of ups and downs. Total global sales fell 3.6 percent to $2 billion, while profit was...
View ArticleSummary of financial results meeting for the 2nd quarter (Hoya Corporation)
(Source: Hoya Corporation) c0ef2b40-47f3-4954-a375-4c5bd4594d1f.pdf Briefing Summary of the Analyst/Investor Meeting for the 2nd Quarter (July to September 2015) Financial Results for the Fiscal Year...
View ArticleWeaker corporate profits, revenue a concern for stocks
NEW YORK — Corporate America has a profit problem. Earnings of U.S companies are falling for the first time since 2009, when the economy was still reeling from the Great Recession. The main culprit is...
View ArticleMohegan Tribal Gaming Authority Announces Closing Of Unsecured Facility...
UNCASVILLE, Conn., Nov. 19, 2015 /PRNewswire/ -- The Mohegan Tribal Gaming Authority, or the Authority, the owner and operator of Mohegan Sun in Uncasville, Connecticut, and Mohegan Sun Pocono in...
View ArticleAtlantic City casino profit up 61 percent in 3rd quarter
ATLANTIC CITY, N.J. (AP) - Atlantic City's casinos saw their gross operating profits increase by 61 percent in the third quarter of this year. Figures released Monday by the state Division of Gaming...
View ArticleHewlett-Packard revenue falls 9.5% in last report before split
Hewlett-Packard Co., the tech pioneer that split into two companies this month, reported a fall in revenue for the fifth straight quarter, hurt by lower PC sales and a slump in demand from businesses....
View ArticleDevelopers rush back to Las Vegas
FL_Sarasota - It wasn’t too long ago that the Las Vegas Strip resembled a red-hot craps table right after the dice came up seven, sweeping all the chips to the house. When the financial crisis shut off...
View ArticleMohegans apply for South Korean casino license
Mohegan Sun has filed its bid for a casino license in South Korea, the Mohegan Tribal Gaming Authority's chief executive confirmed Friday from the East Asian nation. Bobby Soper, in a phone interview,...
View ArticleMohegan Sun Dealer Accused Of Overpaying Blackjack Player
NEW LONDON — A table games dealer at the Mohegan Sun casino has been accused of overpaying a blackjack player more than $78,000 and collecting part of the winnings. Roy Mariano appeared in New London...
View ArticleCoral Overcomes World Cup Hangover to Post Slight Profit Gain
Increased government levies, a limit on gaming-machine stakes and a World Cup hangover failed to prevent U.K. bookmaker Coral Group boosting profit in its final year before a planned merger with...
View ArticleSodexo’s profits rise, sets new cost-cutting target
Outsourced food services and facilities management group Sodexo, which employs more than 1,800 people in Ireland, has reported a further rise in annual sales and profits . The world’s second-biggest...
View ArticleCaterer Sodexo serves up job cuts along with profits
French catering services giant Sodexo saw its share price heat up Thursday as it announced a sharp jump in profits along with cost cutting measures that will see up to 1,500 jobs eliminated. Despite...
View ArticleMohegan Tribal Gaming Authority to Present at the Bank of America Merrill...
UNCASVILLE, Conn., Dec. 1, 2015 /PRNewswire/ -- Mario C. Kontomerkos, Chief Financial Officer of the Mohegan Tribal Gaming Authority, or the Authority, will present on behalf of the Authority at the...
View ArticleBusiness Executives See Gloomier Growth Prospects in Coming Year, AICPA...
(Source: NJCPA - New Jersey Society of CPAs) -December 3, 2015 Profit and Revenue Expectations Fall to Lowest Level Since 2012 Business executives have sharply reined in expectations for profit and...
View ArticleIsle of Capri beats 2Q profit forecasts; revenue falls short
NEW YORK (AP) — Isle of Capri Casinos swung to a fiscal second-quarter profit on a mix of higher revenue and lower expenses. But its shares fell more than 7 percent in morning trading Wednesday,...
View ArticleUS adds healthy 211K jobs; unemployment steady at low 5 pct.
WASHINGTON (AP) - The U.S. economy generated another month of solid hiring in November, making it highly likely that the Federal Reserve will raise interest rates from record lows this month. The Labor...
View ArticleEmployment jumps again, signaling probable interest-rate hike
WASHINGTON (AP) — The U.S. economy generated another month of solid hiring in November, making it highly likely that the Federal Reserve will raise interest rates from record lows this month. The Labor...
View ArticleCorporate America's problem: Falling profit, revenue
Corporate America has a profit problem. U.S company earnings are falling for the first time since 2009, when the economy was still reeling from the Great Recession. The main culprit is the plunging...
View ArticleMohegan Sun posts strong 4Q profit jump, slight revenue rise
(AP) — Fourth-quarter revenue rose slightly at the Mohegan Sun casinos as profit jumped 86 percent due to cost-cutting and rising popularity of table games, their parent company said Thursday. Bobby...
View ArticleMedtronic tops 2Q profit forecasts, narrows outlook
NEW YORK (AP) — Medical device maker Medtronic Inc. on Thursday reported a drop in fiscal second-quarter profit on higher costs, but the results topped Wall Street expectations. The company narrowed...
View ArticleU.S. adds 211,000 jobs in November
WASHINGTON - The U.S. economy generated another month of solid hiring in November, making it highly likely that the Federal Reserve will raise interest rates from record lows this month. The Labor...
View ArticleMaryland casino revenue drops slightly in November
Maryland casino revenue dropped slightly to $89.7 million in November, down less than 1 percent from $90.2 million in the same month last year. Maryland Live, the state's largest casino, posted revenue...
View ArticleEconomy adds 211K new jobs in November; jobless rate steady at 5%
The U.S. economy generated another month of solid hiring in November, making it highly likely the Federal Reserve will raise interest rates from record lows later this month. The Labor Department said...
View ArticleDeere's profit
MOLINE, Ill. (AP) -- Even though sales of its green tractors, bulldozers and other equipment fell sharply, Deere & Co. reported better-than-expected fourth-quarter earnings as it cut costs. The...
View ArticleMohegan Tribal Gaming Authority Announces Closing of Financing for...
UNCASVILLE, Conn., Dec. 7, 2015 /PRNewswire/ -- The Mohegan Tribal Gaming Authority, or the Authority, the owner and operator of Mohegan Sun in Uncasville, Connecticut, and Mohegan Sun Pocono in...
View ArticleReport on the first half-year of Zumtobel Group AG (May – October 2015):...
(Source: Zumtobel Group AG) Report on the first half-year of Zumtobel Group AG (May - October 2015): Lighting group achieves sound operating improvement in Q2 09.12.2015 Group revenues up 5.8% at EUR...
View ArticleUS stocks rise as holiday approaches; Deere gains on earns
Stocks are ticking upward in afternoon trading, making small gains for the second day in a row ahead of the Thanksgiving holiday in the U.S. DRIFTING HIGHER: The Dow Jones industrial average added 31...
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