T-Mobile hack; Sprint & AMD layoffs; Micron profit, Wynn's Macau boost
Here are some of the stocks the Yahoo Finance team will be watching for you today.
T-Mobile US (TMUS) Hackers have stolen the personal data of up to 15 million people who signed up for the wireless carrier's service last month. Credit information company Experian says its computer system holding information on T-Mobile customers was breached, with thieves getting customer names, addresses, Social Security numbers, birthdays, and even sensitive identification numbers.
Sprint (S) T-Mobile's rival is also making headlines. Layoffs are coming as the company moves to slash expenses by $2.5 billion over the next six months. Sprint is not saying how many jobs will be eliminated.
Advanced Micro Devices (AMD) Layoffs are also coming at the struggling semiconductor maker. AMD is cutting 5% of its workforce, or about 500 jobs, in an effort to reduce costs. The company says in addition to the layoffs, it will outsource some of its work and take steps to streamline its business to save $58 million next year.
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Micron Technology (MU) The memory chipmaker is reporting better-than-expected profit and revenue in its fiscal fourth quarter. And even though sales fell because of the soft PC market, Micron says it believes overall demand will stabilize and gradually improve through the coming year.
Wynn Resorts (WYNN) A report out of China says Beijing is considering measures to boost the casino-driven economy of Macau, which has seen a falloff in business lately. Wynn has a major casino resort located in Macau.
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