Consumer stocks have turned broadly positive near the close with
shares of consumer staples companies in the S&P 500 adding
0.1%. Shares of consumer discretionary firms in the S&P 500 are
up 1.0% near the close.
In company news, International Game Technology (
) is enjoying a 5% push higher this afternoon, with shares now
trading at $17.27, up 84 cents, ahead of the start next week of
legal online wagering through casinos in Atlantic City, N.J.
Pending final approval through the testing process, IGT said
today that several of its more popular gaming titles are set to
make the leap from the casino floor to online and mobile devices on
Tuesday, Nov. 26.
The casinos - which include Trump Plaza, the Tropicana Atlantic
City and Caesars Entertainment's (
) Bally's Park Place and Boardwalk Regency - tonight are rolling
out a so-called "soft play" start for internet gaming, inviting
selected guests to go online and bet using real money over the next
five days starting at 6 p.m. while they work to fix any kinks in
New Jersey is the third state to allow online gaming, joining
Nevada and Delaware.
In other sector news,
(+) ARO, Crescendo Partners urges board to immediately begin
sales talks, saying "numerous potential buyers" are interested in
the teen apparel retailer because of its strong brand name and
"opportunity to return to historical profitability."
(-) LQDT, Online surplus and odd-lots seller reports Q4 earnings
that trailed analyst estimates and issued downside Q1 and FY14
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