Stocks In News: Lockheed Martin Corporation (NYSE:LMT), Microsoft Corporation (NASDAQ:MSFT), Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL)
Dallas, Texas, 09/29/2014 (ustrademedia) – Lockheed Martin Corporation (NYSE:LMT) recently announced 13 percent increase in its 4Q14 dividend. The company also announced additionally $2 billion in stock buybacks. The company raised its dividend by $0.17 per share to $1.50. The increase fell short of the consensus estimates of 16 percent rise. At its previous close of $181.58, quarterly cash dividend accounts for an annualized yield of 3.30 percent. Share repurchases authorization also increased by $2 billion. However; it was lower than $3 billion increase in September 2013 and $2.5 billion in 2011. The company has used share repurchases to reduce its share count by 14 percent since 2010.
Microsoft Corporation (NASDAQ:MSFT) and Google Inc. (NASDAQ:GOOG) have begun mapping efforts in several Rio favelas, the dense working-class neighborhoods. Favelas accounts for about a quarter of Rio’s population. For decades, favelas didn’t exist on city maps as officials refused to provide official addresses or send in cartographers. Over the time, frustrated residents started mapping the communities themselves with the intention to pursue authorities to provide more public services. Now the two U.S. tech giants have come into mapping everything from narrow alleyways, twisting to hole-in-the-wall Laundromats. Google executive Esteban Walther expressed that giving favelas an online presence is important to getting them integrated into the city.
Macau casino operators including Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) and Galaxy Entertainment Group Ltd. saw a favorable session on Friday. Shares jumped following Sands China Limited’s announcement that it anticipates full occupancy during China’s Golden Week. Sands China reported close to 100 percent advanced hotel rooms booking for the week-long Chinese holiday beginning October 1, 2014. The company operates the highest 9,200 hotel rooms in Macau. A CLSA analyst, Richard Huang noted that the bookings indicate very strong traveling demand and the first piece of positive news after series of negative ones.