Looking to see what these securities will do for the week with all the EcoNews coming out in the next couple of days.
MGM - The DGE issued a report to the New Jersey Commission on its investigation. While the report itself is confidential, at the conclusion of the report, the DGE recommended, among other things, that: (i) the Company's joint venture partner in Macau be found to be unsuitable; (ii) the Company be directed to disengage itself from any business association with its joint venture partner in Macau; (iii) the Company's due diligence/compliance efforts be found to be deficient; and (iv) the New Jersey Commission hold a hearing to address the report. In furtherance of its request that the New Jersey Commission hold a hearing to address the report, on July 27, 2009, the DGE filed a letter with the New Jersey Commission requesting that it reopen the 2005 casino license renewal hearing for Borgata pursuant to applicable New Jersey law. New Jersey law requires that the casino licensing hearings be reopened at the request of the DGE. As a result, the New Jersey Commission will hold an evidentiary hearing on the allegations contained in the report at which time the Company will be able to present evidence and legal argument. There can be no assurance that the outcome of the proceedings will not have a material adverse effect on the Company.
PHM
DTV
KFT
CVS - Five U.S. senators have written to antitrust regulators asking the agency to look into allegations that CVS inappropriately used its pharmacy benefits business to win clients and squeeze smaller competitors.
PG
CSCO
PBR
