Clearwire and Kajeet Team Up and 2 Hot Stocks to Follow
Clearwire Corporation (NASDAQ:CLWR) and Kajeet, Inc have tied up a wholesale agreement that will allow the latter to offer mobile broadband services to children and educators using Clearwire’s 4G network. Kajeet is a pay-as-you-go mobile service aimed at kids and the agreement will help young people connected to friends, family, school and other services.
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Casino stocks are marching higher after the news of Zynga’s preliminary application to Nevada gaming authorities that would start the process towards real money gaming in the United States: Wynn Resorts (NASDAQ:WYNN) +1.04%, MGM Resorts (NYSE:MGM) +7.52% and Las Vegas Sands (NYSE:LVS) +3.34%.
Chevron (NYSE:CVX) reveals that rising labor costs, poor productivity, bad weather and the strength in the Australian dollar have all combined to increase the cost of its Gorgon liquefied natural gas venture in Australia by $15 billion to $52 billion. In addition, the company has warned that initial production from the project could be delayed. At this stage, the project is only half complete, and analysts apprehend that further potential exists for cost overruns and production delays.
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