Sony to Invest in Olympus and 4 Hot Stocks Moving the Market Today
Sony Corp. (NYSE:SNE) is expected to approve a plan this week for an investment of $642 million in Olympus Corp. (OCPNY), making Sony the company’s largest shareholder with nearly 10 percent stake, according to sources, Reuters reports.
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Tesla Motors, Inc. (NASDAQ:TSLA): Tesla stated: “Based upon our current financial forecast, we currently anticipate that if we do not raise the proceeds anticipated from this offering and do not otherwise adjust our operations accordingly or amend the DOE Loan Facility, we may not be compliant with the current ratio covenant for the quarterly period ending March 31, 2013. For the quarters ending September 30, 2013 and December 31, 2013, we currently anticipate that without taking advantage of additional revenue opportunities or making adjustments to our spending, we expect that we will need to seek an amendment from the DOE to modify the fixed charge coverage ratio covenant. Moreover, we currently anticipate that without raising capital in addition to this offering, we would need to seek an amendment from the DOE to modify the total liabilities to stockholder equity covenant for the quarter ending March 31, 2014 and the two subsequent quarters. We are currently working cooperatively with the DOE to obtain these amendments.”
Las Vegas Sands Corp. (NYSE:LVS): On September 20, the phase two opening of the Sands Cotai Central integrated resort on assisted in Sands China’s total amount of visitors for the weekend of September 21-23 being able to reach an all-time record for 2012, and it is nearly 500,000 higher than the previous record from the weekend of the Chinese New Year, the company stated.
Carnival Corporation (NYSE:CCL): Without including Costa, the company believes that its FY12 net revenue yields, on a constant dollar basis, will be flat or down slightly, which is a small improvement over previous guidance. Including Costa, the company believes that there will be a drop in net revenue yields of 3 percent versus its previous guidance of falling 3 to 4 percent for FY12. For FY12, increased net revenue yield expectations and improvement in costs when compared to June guidance was offset by 13c per share of raised fuel prices and negative changes regarding exchange rates. Because of these various issues, FY12 non-GAAP diluted earnings per share is expected by the company to be in the range of $1.83-$1.87, which continues to be in line with the midpoint of the June guidance range of $1.80-$1.90 per share.
Zillow Inc (NASDAQ:Z) fell about 6.7 percent, or $2.99, to $41.42 this morning.
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