Stocks In Buzz: International Game Technology (NYSE:IGT), General Motors Company (NYSE:GM) And Time Warner Cable Inc (NYSE:TWC)
Dallas, Texas, 09/29/2014 (ustrademedia) – International Game Technology (NYSE:IGT) in a statement released on Friday, committed to providing the equipment to operate the City of Dreams Manila casino-resort. IGT has a formidable line-up of casino equipment and hopes to provide exclusive products for the City of Dreams, Manila. The line-up of products heading to Manila includes the IGT Advantage Systems, sbX Floor Manager as well as Service Window. IGT will also supply to other resorts such as the Philippine casino-resort as well. The Philippine center will receive IGT Tournament Manager as well as 52 video poker machines.
General Motors Company (NYSE:GM) has now initiated sports utility vehicle recall in China as well. GM in a Wednesday news report highlighted 100,000 Cadillac SRX models were to be recalled due to rear suspension component that experts considered could be a safety risk. Additionally, 107,016 SUVs made in July 2009 until August 2014 too are to be recalled to replace toe-adjusters. The risk of faulty toe-adjusters was the fear of sway or wander at highway speed that will activate the electronic stability-control system as well as cause wearing –off of threads in the link. General Motors Company (NYSE:GM) in North America has recalled over 29 million vehicles and also struggles with a Justice Department investigation, following February recall of small cars, with ignition switch flaws.
Now it is the turn of the soon to merger Time Warner Cable Inc. (NYSE:WC) to receive criticism from cable networks. The line-up of cable networks such as Dish, Discovery Communications as well as Netflix have all called-out TWC for its antagonistic filing before SEC, calling the cable network companies, ‘extortionists.’ The cable networks had been commenting on the merger of Time Warner Cable and Comcast valued at $45 billion. The company’s claimed that they were only using their First Amendment rights to comment about the proposed mega-merger.