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Symantec Corporation (NASDAQ:SYMC) announced that Enrique Salem, president and CEO, has resigned effective immediately and Steve Bennett has been appointed president and CEO by Symantec’s board of directors, in addition to his remaining role as chairman of the board.
Las Vegas Sands (NYSE:LVS): Earlier this month, the Nevada Gaming Control Board reported that gambling revenue plummeted in May because of falling volumes at table games and slot machines. Statewide, revenue missed by 10 percent with only $885 million while the Las Vegas Strip, which makes up for over half the total, dropped 18 percent to $475 million. This continues to place pressure on shares of casino operators like MGM Resorts, Las Vegas Sands and Wynn Resorts.
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Apple Inc. (NASDAQ:AAPL) stated that Samsung Electronics Co Ltd’s demands from the iPhone maker are much higher a patent royalty than it pays to any other licensers, at a rate which the South Korean company has never sought from any other licensee.
Corning Incorporated (NYSE:GLW): Telecommunications segment sales are expected to be consistent with the previous quarter and with normal seasonal trends. Corning predicts that optical fiber and cable sales in China will remain strong. Specialty Materials segment sales are expected to rise 10 percent to 15 percent sequentially, which shows improved Gorilla Glass sales for the quarter. Environmental Technologies segment sales are predicted to mimic the previous quarter. In the Life Sciences segment, Corning believes sales will be consistent to up slightly over the results from Q2. Dow Corning equity earnings during Q3 are predicted to fall approximately 30 percent, pushed mostly by the non-repeat of an $11 million gain during the Q2. Corning believes that LCD glass volume for the company’s wholly owned business and Samsung Corning Precision will increase into the low double digits sequentially. Glass price drops during the quarter are predicted to stay moderate.
Sirius XM Radio Inc (NASDAQ:SIRI) intends to dedicate two channels on its satellite system to the Olympics during the London Games, which begin Friday.
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