Casino workers in Atlantic City have voted to authorize a strike ahead of the Fourth of July holiday weekend to protest stalled negotiations for increased wages. What Happened: According to combined media reports, contracts between the New Jersey gambling mecca's major casino-hotels and the Unite Here Local 54 union expired on May 31.
A top fast food restaurant saw shares jump on rumors of a potential takeover by a leading investor. What Happened: A new filing from Wendy's Co showed that Trian Fund Management owns 19.4% of Wendy's with its partners. A transaction that includes Wendy's would be one of the biggest in the restaurant industry in the past few years, with a current market capitalization of $3.5 billion.
Sports betting and online gaming company DraftKings Inc reported first-quarter financial results Friday before the market open. What Happened: DraftKings reported first-quarter revenue of $417 million, up 34% year-over-year and ahead of a consensus $414.4 million estimate, according to data from Benzinga Pro.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.