11 May

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Wynn Resorts Results Miss in Q1; Plans to Spin Off Online Gaming Business By Investing.com

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By Yasin Ebraim Wynn Resorts (NASDAQ:WYNN) reported Monday first-quarter results that missed analysts' forecasts, and unveiled plans to separate its online gaming business into an independent company. Wynn Resorts shares gained 3% in after-hours trade following the report. Wynn Interactive will become an independent company through a combination with Austerlitz Acquisition Corporation, Wynn said. Under the terms of the deal, Wynn Interactive shareholders will retain about 79% of the combined entity. "We are proud to join forces with Bill Foley as we continue to aggressively scale in online sports betting and iGaming. With WynnBET now live...

11 May

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Wynn Resorts Earnings, Revenue miss in Q1 By Investing.com

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Wynn Resorts (NASDAQ:WYNN) reported on Monday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations. Wynn Resorts announced earnings per share of $-2.41 on revenue of $725.8M. Analysts polled by Investing.com anticipated EPS of $-2.02 on revenue of $759M. Wynn Resorts shares are up 11% from the beginning of the year and are trading at $126.88 , down-from-52-week-high.They are under-performing the S&P 500 which is up 11.53% from the start of the year. Wynn Resorts shares gained 0.94% in after-hours trade the report. Wynn Resorts follows other major Services...

11 May

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Softbank Corp invests $60 million in Axiata’s ADA unit for 23% stake By Reuters

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By Liz Lee KUALA LUMPUR (Reuters) -Malaysian telecoms firm Axiata Group Bhd on Tuesday said Japan's SoftBank Corp will invest $60 million in its digital analytics and artificial intelligence arm. Softbank will hold a 23% stake in the unit, ADA, following the investment that values the unit at $260 million, Axiata said in a statement. With the investment, ADA will aim to expand its presence in South and Southeast Asia, Axiata said. SoftBank will "establish ADA as its core digital and data marketing partner in Asia", it added. ...

11 May

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Commodity currencies hold advantage as dollar waits for inflation and Fed By Reuters

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By Stanley White TOKYO (Reuters) - The dollar nursed losses against the currencies of major commodity exporters which enjoyed support from expectations for further gains in the price of oil, copper, steel, and other metals. Traders are keenly awaiting the release of U.S. consumer price data on Wednesday to measure whether inflationary pressure is building, which could push Treasury yields higher and slow the dollar's fall, some traders say. Treasuries and the dollar have swung back and forth as investors adjust their expectations for when the U.S. Federal Reserve will start tapering bond purchases and raising...

11 May

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Virgin Galactic ‘evaluating’ timeline for next flight test, shares drop By Reuters

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(Reuters) - Billionaire Richard Branson's Virgin Galactic Holdings Inc said on Monday it was evaluating the timing of its next flight test, sending shares down 9.4% in extended trade. "Following Eve's last post slide inspection, we tagged a potential wear and tear issue as requiring further evaluation and analysis to see if any additional action is necessary," said Michael Moses, president of the company's space missions & safety, on a post earnings conference call. "We continue to make strides towards our strategic objectives and have solid momentum as we focus on completing our flight test program,"...

11 May

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SSE, Equinor plan new gas power plant with carbon capture in Scotland By Reuters

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(Reuters) - British utility SSE (LON:SSE) and Norwegian energy firm Equinor are jointly developing a new gas-fired power plant equipped with carbon capture technology (CCS) at Peterhead in Scotland, they said on Tuesday. The planned new 900-megawatt (MW) Peterhead CCS Power Station could capture up to 1.5 million tonnes of carbon dioxide (CO2) every year, 15% of the UK government's annual target of 10 million tonnes of CO2 capture by 2030, the companies said. SSE operates a combined cycle gas turbine power station at the site in Aberdeenshire, which it is seeking to decarbonise. The...

11 May

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Colonial Pipeline says one fuel line operating under manual control after cyber attack By Reuters

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NEW YORK (Reuters) - Colonial Pipeline said its Line 4 fuel line, which runs from Greensboro, North Carolina, to Woodbine, Maryland, has been restarted and is operating under manual control for a limited time after a cyber attack shut the pipeline system Friday. Line 4 will be operating for a limited period of time while existing inventory is available, the company said in a notice to shippers. Colonial's main gasoline and distillate lines continue to be offline after a ransomware cyberattack shut down the pipeline system, which carries nearly half the fuel consumed along the...

11 May

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Simon Property Earnings, Revenue beat in Q1 By Investing.com

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Simon Property (NYSE:SPG) reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Simon Property announced earnings per share of $1.36 on revenue of $1.24B. Analysts polled by Investing.com anticipated EPS of $1.03 on revenue of $1.11B. Simon Property shares are up 48% from the beginning of the year and are trading at $125.21 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.53% from the start of the year. Simon Property shares lost 1.27% in after-hours trade the report. Simon Property follows other major Services sector earnings...

11 May

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UK’s THG to raise $1 billion; SoftBank unit to fund large portion By Reuters

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(Reuters) - THG Plc is raising $1 billion in fresh capital, including about $730 million from a unit of SoftBank Group, and the remainder from other investors, the UK-based consumer brands company said on Monday. SoftBank's unit SB Management will also sign an option agreement with THG Ingenuity, which is yet to be formed, THG said in a statement. The ecommerce retailer added that the agreement with THG Ingenuity will be for a $1.6 billion investment, implying an enterprise value of $6.3 billion for a 19.9% equity interest. THG Ingenuity, which will be owned and controlled...

11 May

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U.S. State Department eases travel advisories for UK, Israel By Reuters

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By David Shepardson WASHINGTON (Reuters) - The U.S. State Department said on Monday it has eased travel advisory ratings for the United Kingdom and Israel after raising both countries to its highest warning level last month amid COVID-19 concerns. The State Department lowered the UK to a "Level 3: Reconsider Travel" rating and lowered Israel to "Level 2 – Exercise Increased Caution." It was the second reduction in Israel's rating in recent weeks. Last month, the State Department boosted the ratings of about 120 countries to "Level 4: Do Not Travel" to align with...

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News

Wynn Resorts Results Miss in Q1; Plans to Spin Off Online Gaming Business By Investing.com

Wynn Resorts Earnings, Revenue miss in Q1 By Investing.com

Softbank Corp invests $60 million in Axiata’s ADA unit for 23% stake By Reuters

Commodity currencies hold advantage as dollar waits for inflation and Fed By Reuters

Virgin Galactic ‘evaluating’ timeline for next flight test, shares drop By Reuters

SSE, Equinor plan new gas power plant with carbon capture in Scotland By Reuters

Colonial Pipeline says one fuel line operating under manual control after cyber attack By Reuters

Simon Property Earnings, Revenue beat in Q1 By Investing.com

UK’s THG to raise $1 billion; SoftBank unit to fund large portion By Reuters

U.S. State Department eases travel advisories for UK, Israel By Reuters

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