Wynn Macau's revenues drop The latest from Wynn Resorts' conference call, with CNBC's Kate Rogers. The FM traders have the play on the stock.
UPDATE 1-Depomed rejects Horizon Pharma's latest bid July 29- Depomed Inc rejected Horizon Pharma Plc's latest unsolicited bid, saying the offer is "inadequate" and undervalues the company. Horizon Pharma's latest offer does not reflect an increase in Depomed shareholders' stake in the combined company or the amount of Horizon Pharma stock they would receive, Depomed said on Wednesday, echoing its view from last...
EXCLUSIVE-PartnerRe open to acquisition talks with Exor -sources July 29- PartnerRe Ltd, the reinsurance company that has a $6.6 billion merger agreement with Axis Capital Holdings, is now willing to negotiate a new deal with rival suitor Exor SpA, according to people familiar with the matter. This would be the first time that Bermuda- based PartnerRe negotiates a potential merger with Exor since the Italian investment...
| By: Mike Stone and Agnieszka Flak
Canada reviews Arctic drilling plan as industry seeks concessions CALGARY, Alberta, July 29- Canada's Conservative government is studying whether to extend Arctic drilling licenses, a move that could open the door to relinquishing millions of dollars in deposits paid by major energy companies. The government review began after Imperial Oil Ltd said last month it and partners Exxon Mobil Corp and BP Plc needed more time...
| By: Mike De Souza
UPDATE 1-Brazilian police probe nuclear submarine program -Folha SAO PAULO, July 29- Brazilian federal police are investigating potential irregularities in a military program that aims to build a nuclear-powered submarine in partnership with France by 2023, newspaper Folha de S. Paulo reported on Wednesday. Former President Luiz Inacio da Silva's government agreed in 2008 to purchase five submarines, including a...
RPT-UPDATE 3-Higher incentives, strong dollar weigh on MasterCard's revenue July 29- MasterCard Inc, the operator of the world's second largest payment network, reported lower-than-expected quarterly revenue as it offered more rebates and incentives to win deals. MasterCard's shares, however, rose 2 percent in afternoon trading, reversing course, after some analysts said the company's underlying fundamentals were strong.
| By: Sudarshan Varadhan