Kolkata, West Bengal -- (SBWIRE) -- 09/09/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Yelp Inc (NYSE:YELP), Las Vegas Sands Corp.(NYSE:LVS), KeyCorp (NYSE:KEY).
Yelp Inc (NYSE:YELP) stock increased 5.92% to $62.40. The company announced that management will present at the 2013 Citi Global Technology Conference in New York, NY on Wednesday, September 4, 2013 at 8:15 a.m. ET.
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Additionally, the company on August 21 announced the availability of Yelp Brazil. Beginning August 21, people throughout Brazil are able to create accounts on Yelp.com.br to share their opinions about great local businesses. Yelp's free iPhone and Android applications will be available as well as its free suite of business owner tools: Yelp for Business Owners.
Moreover, the company on July 31 announced financial results for the second quarter ended June 30, 2013. Net loss in the second quarter of 2013 was ($878,000) or $(0.01) per share, compared to a net loss of $(2.0) million, or $(0.03) per share, in the year ago period. Net revenue was $55.0 million in the second quarter of 2013, a 69% growth in net revenue from the second quarter of 2012.
Las Vegas Sands Corp.(NYSE:LVS) shares climbed 0.58% to $59.24. The chief operating officer of Las Vegas Sands Corp.’s Macau subsidiary on Sept. 3 reportedly resigned over the weekend. David Sisk, who has been at the company for three years, had left Sands China, several Asian-based media outlets reported. A spokesman for Las Vegas Sands confirmed Sisk was no longer employed by the company. Sisk and Sands China CEO Ed Tracy joined the company in August 2010 following the firing of the company’s prior CEO, Steve Jacobs. Sisk formerly served as the CFO of Wynn Resorts in China.
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Additionally, the company on August 27 agreed to return $47.4 million to the U.S. Treasury to end a probe into the casino's failure to alert authorities to suspicious deposits by a high-rolling gambler, federal officials said. Sands, the operator of the Venetian and Palazzo hotel complex in Las Vegas, accepted wire transfers and cashier's checks between 2005 and 2007 from Zhenli Ye Gon and should have reported the transactions as suspicious, said the U.S. Attorney's Office in Los Angeles.
KeyCorp (NYSE:KEY) stock jumped 0.51% to $11.90. Credit Suisse analysts upgraded financial services firm KeyCorp (KEY) on Sep. 6, as they believe the company deserves a higher multiple based on a better capital deployment outlook. The analysts upgraded KEY from “Neutral” to “Outperform” and see shares reaching $14. Additionally, KEY’s stock was upgraded by analysts at Barclays Capital from an “equal weight” rating to an “overweight” rating in a report issued on Sept. 3.
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Separately,, Randy Paine on August 23 has been named President of KeyBanc Capital Markets Inc., the broker/dealer subsidiary and corporate and investment banking platform of KeyCorp (NYSE: KEY). In connection with Mr. Paine's added responsibilities, he will also assume oversight of Key's Public Finance and Public Sector business segments.
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