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BUSINESS BRIEFS.(TO THE POINT)
MARKETS
Bond sales jumped 9% in 1st half
Corporate bond issuance rose to $475 bil, lead by a 66% surge in junk bonds to $64.8 bil and a 33% rise in convertible bonds to $58.97 bil. Investment-grade issuance was flat at $351.3 bil. GM led first-half issuance with last week's record $17.6 bil in corporate bonds and convertible debt to shore up its pension.
INTERNET
Sina.com ups its Q2 EPS forecast
Shares of the Chinese Web portal, already soaring this year on a fast-growing market for cell-phone text messaging, rose 16% to a new high of 20.25. It sees 13-15 cents, 65% over earlier forecasts, on sales of $24-$25 mil, 73% over. Rivals rose, too: Sohu.com 8% and Netease.com 7%. Sina also is raising $80 mil via corporate bonds.
LEISURE
- Acres Gaming Announces Strategic Alliance with IGT, Formation of Proprietary...
- Press release article from: PR Newswire August 9, 1996 700+ words
...Ore., Aug. 9 /PRNewswire/ -- Acres Gaming (Nasdaq: AGAM) today announced that...to be used within a new division of Acres Gaming dedicated to developing proprietary...equipment as the foundation, which Acres Gaming will install under leasing and/or...
- Acres Gaming Announces Initial Order From IGT
- Press release article from: PR Newswire October 31, 1996 700+ words
...Ore., Oct. 31 /PRNewswire/ -- Acres Gaming (Nasdaq: AGAM) today announced that...in new IGT games. In August, 1996, Acres Gaming and IGT announced a strategic alliance...products such as included in this order, Acres Gaming is forming a new division dedicated...
- Acres Gaming Announces Patent Litigation
- Press release article from: PR Newswire October 9, 1997 700+ words
...Ore., Oct. 9 /PRNewswire/ -- Acres Gaming (Nasdaq: AGAM) today announced that...infringement of a patent recently issued to Acres Gaming. As previously announced, in August 1997 Acres Gaming received Patent No. 5,655,961 for...
- ACRES GAMING ANNOUNCES MAJOR INTERNATIONAL CONTRACT
- Press release article from: PR Newswire November 28, 1995 700+ words
...Nev., Nov. 28 /PRNewswire/ -- Acres Gaming (Nasdaq: AGAM) announced that it...in late 1996, Crown plans to feature Acres Gaming's Concept III bonusing technology...over top. John Acres, President of Acres Gaming, said, "We are very pleased to be...
- Acres Gaming Announces Concept III Order For Bonusing At Rio Suite Hotel &...
- Press release article from: PR Newswire September 19, 1996 700+ words
...VEGAS, Sept. 19 /PRNewswire/ -- Acres Gaming (Nasdaq: AGAM) today announced that...BonusMan bonusing module to its existing Acres Gaming SlotMan slot accounting and TrackMan...scheduled for completion in early 1997. Acres Gaming will work with the Rio to develop a...
- ACRES GAMING REPORTS FIRST QUARTER RESULTS
- Press release article from: PR Newswire November 14, 1995 700+ words
...Ore., Nov. 14 /PRNewswire/ -- Acres Gaming (Nasdaq: AGAM) reported results for...Nevada. John Acres, President of Acres Gaming, stated, "The establishment of new...technology that makes this possible and has Acres Gaming positioned to have significant impact...
- Acres Gaming Reports Third Quarter and Nine Month Results
- Press release article from: PR Newswire April 22, 1997 700+ words
...Ore., April 22 /PRNewswire/ -- Acres Gaming (Nasdaq: AGAM) today announced revenues...President and Chief Operating Officer of Acres Gaming. "While we had hoped that the volume...from the forward-looking statements. Acres Gaming Incorporated Summary of Operations...
- Acres Gaming Announces Concept III Orders Worth $1.8 Million
- Press release article from: PR Newswire August 27, 1996 700+ words
...VEGAS, Aug. 27 /PRNewswire/ -- Acres Gaming (Nasdaq: AGAM) today announced that...placed an order to expand their existing Acres Gaming's Concept III Slotman slot accounting...is scheduled beginning in October. Acres Gaming provides the game developer with custom...