• Wynn Resorts (NASDAQ:WYNN) said an initial public offering of the firm’s Macao operations was priced at the top end of its expected range. The company plans to sell a 25% stake in the unit, at HK$10.08 per share, for a total of $1.6 billion
• Goldman Sachs (NYSE:GS) upgraded Nike (NYSE:NKE) to buy with a target price of $75. The company reported fiscal first quarter earnings of $1.04 per share, up from last year’s $1.03 and beat Zacks estimates of 99 cents a share. Revenues fell 12% to $4.8 billion from $5.4 billion a year earlier
• Toyota (NYSE:TM) announced plans to recall 3.8 million vehicles due to potential accelerator pedal problems from floor mats
• Disney (NYSE:DIS) announced publishing unit plans for DisneyDigitalBooks.com, a new subscription-based web service
• Hewlett-Packard (NYSE:HPQ) said it is planning to merge its PC and print operations
• Sony (NYSE:SNE) announced plans to unveil its new Playstation3 game title at movie theatres
• Kraft (NYSE:KFT) received a 6-week deadline for making a formal Cadbury bid from the UK M&A regulator
