International Business News - WMS http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Amid an ongoing debt crisis at controlling shareholder Sumner Redstone's movie theater company, National Amusements Inc., media giant Viacom Inc. said Thursday it will slash about 850 jobs--7 percent of its work force--and freeze some senior-level salaries. http://www.ibtimes.com/articles/20081204/viacom-to-cut-850-jobs-freeze-some-raises-in-2009.htm Thu, 04 Dec 2008 19:18:52 EST Billionaire media mogul Sumner Redstone and his holding companies have sold his family's 80.3 million shares in Midway Games Inc. for less than a penny each, according to a Monday securities filing. http://www.ibtimes.com/articles/20081201/redstone-sells-midway-games-stake-at-a-huge-loss.htm Mon, 01 Dec 2008 19:08:52 EST Media mogul Sumner Redstone sold his majority stake in video game publisher Midway Games Inc. on Monday as his family's holding company looks to get out from under a $1.6 billion debt. http://www.ibtimes.com/articles/20081201/redstone-sells-interest-in-midway-games.htm Mon, 01 Dec 2008 13:34:50 EST Summer Redstone has sold his majority stake in video game publisher Midway Games Inc. as his family's holding company attempts to restructure $1.6 billion in debt, according to a report Monday. http://www.ibtimes.com/articles/20081201/ahead-of-the-bell-redstone-reportedly-sells-stake.htm Mon, 01 Dec 2008 08:20:24 EST Shares of gaming equipment suppliers traded mostly higher Tuesday as an analyst said the sector may be better positioned to weather the economic downturn than casino operators. http://www.ibtimes.com/articles/20081118/sector-snap-gaming-equipment-suppliers-see-demand.htm Tue, 18 Nov 2008 10:37:38 EST Shares of several gaming equipment suppliers and casino operators traded mixed Wednesday as investors absorbed the results of some key gaming referendums. http://www.ibtimes.com/articles/20081105/sector-snap-gaming-companies-mixed-post-election.htm Wed, 05 Nov 2008 12:30:10 EST On the eve of Election Day, shares of some gaming equipment suppliers and casino operators were mostly lower as investors awaited the outcome of key gaming referendums. http://www.ibtimes.com/articles/20081103/sector-snap-gaming-lower-before-election-day.htm Mon, 03 Nov 2008 15:40:35 EST Among the stock activity stories for Tuesday, Oct. 28, from AP Financial News: SCOTTSDALE, Ariz. (AP)--Shares of Meritage Homes Corp. lost more than a third of their value Tuesday, a day after the company reported a big loss in the third quarter brought on by tumbling home sales and prices, and after Credit Suisse cut its price target on the homebuilder. http://www.ibtimes.com/articles/20081028/movers-roundup-meritage-homes-wms-industries.htm Tue, 28 Oct 2008 14:56:34 EDT WMS Industries Inc.'s stock climbed Tuesday after the slot-machine supplier reported its fiscal first-quarter profit surged 41 percent on double-digit sales growth. http://www.ibtimes.com/articles/20081028/wms-industries-climbs-after-1q-profit-surges.htm Tue, 28 Oct 2008 19:39:02 EDT Slot-machine supplier WMS Industries Inc. reported Monday a 41 percent increase in its fiscal 2009 first-quarter profit on a double-digit increase in sales. http://www.ibtimes.com/articles/20081027/wms-industries-reports-41-pct-1q-profit-rise.htm Mon, 27 Oct 2008 18:29:46 EDT Shares of gaming equipment operators fell along with the broader markets Wednesday, even as an analyst said several companies in the sector should be able to weather current economic conditions. http://www.ibtimes.com/articles/20081015/sector-snap-gaming-equipment-operators-decline.htm Wed, 15 Oct 2008 11:43:26 EDT Shares of slot-machine supplier WMS Industries Inc. climbed Wednesday as an analyst welcomed news about the launch of a new game. On Tuesday, WMS said its WMS Gaming Inc. division would roll out a new mechanical reel device that allows users to play multiple games on one machine. http://www.ibtimes.com/articles/20081008/wms-industries-climbs-after-new-game-announcement.htm Wed, 08 Oct 2008 20:23:05 EDT A Deutsche Bank North America analyst cut some gaming equipment companies' price targets Tuesday, citing the global financial crisis. On Monday the Dow fell below 10,000 for the first time in four years as credit market turmoil intensified. Wall Street looked to recover a day later as Australia's central bank cut interest rates by the largest amount since 1992, which reignited hopes that others including the Federal Reserve and European Central Bank might follow. http://www.ibtimes.com/articles/20081007/ahead-of-the-bell-some-gaming-price-targets-cut.htm Tue, 07 Oct 2008 08:47:08 EDT Gaming equipment companies headed mostly lower during the September quarter as casinos struggled with a pullback in consumer discretionary spending. Gaming equipment makers rely on casinos to order new machines or replace existing ones. With consumers tightening their pursestrings due to diminishing credit, increasing food and fuel costs and the ongoing housing downturn, casinos are less likely to make such orders or replacements unless there is a need to do so. http://www.ibtimes.com/articles/20080930/gaming-equipment-companies-head-lower-in-quarter.htm Tue, 30 Sep 2008 14:23:14 EDT Shares of gaming companies traded mostly lower Thursday as a Deutsche Bank North America analyst said some companies in the sector have limited exposure to Lehman Brothers and American International Group Inc. http://www.ibtimes.com/articles/20080918/sector-snap-gaming-cos-exposed-to-aig-lehman.htm Thu, 18 Sep 2008 13:43:20 EDT Shares of WMS Industries Inc. soared Wednesday, a day after the slot-machine and gaming equipment supplier announced better-than-expected fiscal fourth-quarter earnings on increased revenue and shipping. http://www.ibtimes.com/articles/20080806/wms-shares-rise-on-better-that-expected-4q-results.htm Wed, 06 Aug 2008 12:10:03 EDT Standard & Poor's Inc. included eight U.S. consumer discretionary companies among 73 companies based in the United States that made its annual Global Challengers, a list released Wednesday of mid-sized companies that show the "highest growth characteristics." http://www.ibtimes.com/articles/20080724/s-p-names-8-us-consumer-discretionary-cos-to-list.htm Thu, 24 Jul 2008 07:16:51 EDT Among the stock activity stories for Wednesday, May 28, from AP Financial News: NEW YORK (AP)--Shares of Standard Pacific Corp. continued to rise Wednesday, one day after the homebuilder said it received a more than $530 million equity investment. A UBS AG analyst called the infusion a "lifeline" for the company. http://www.ibtimes.com/articles/20080528/movers-roundup-standard-pacific-wms-industries.htm Wed, 28 May 2008 14:35:57 EDT Shares of slot-machine and gaming supplier WMS Industries Inc. rose Wednesday after an analyst started coverage with a "Buy" rating, saying the company has the chance to take on more market share partly because of new offerings and expansion efforts. http://www.ibtimes.com/articles/20080528/wms-climbs-as-analyst-starts-with-buy-rating.htm Wed, 28 May 2008 17:57:50 EDT Shares of WMS Industries Inc. rose Wednesday after the company lifted its fiscal 2008 sales forecast and reported its fiscal third-quarter profit climbed 46 percent. http://www.ibtimes.com/articles/20080507/wms-climbs-on-3q-profit-results-2008-sales-forecast.htm Wed, 07 May 2008 12:08:11 EDT