Dallas, TX 11/11/2009 12:56:00 AM
News / Business

Biggest Stocks Losers from Services Sector are NASDAQ: MPEL, YRCW, RHIE

Loser Stocks

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Melco Crown Entertainment Ltd (NASDAQ:MPEL) decreases 6.29% to $4.62. The stock hit an intraday high and an intraday low of $4.94 and $4.59 respectively. In the last six months the stock went down over 23%. Melco Crown Entertainment Limited formerly Melco PBL Entertainment (Macau) Limited, is a developer, owner and, through its subsidiary Melco Crown Gaming, operator of casino gaming and entertainment resort facilities focused on the Macau market.

YRC Worldwide Inc. (NASDAQ:YRCW) decreases 6.91% to $1.10 after the company announced the commencing of an exchange offer for the company's 5.0% net share settled contingent convertible senior notes and 5.0% contingent convertible senior notes due 2023, the company's 3.375% net share settled contingent convertible senior notes and 3.375% contingent convertible senior notes due 2023, and the 8 1/2% guaranteed notes due April 15, 2010 of the company's wholly owned subsidiary, YRC Regional Transportation, Inc.

RHI Entertainment, Inc. (NASDAQ:RHIE) decreases 56.84% to $1.23 after the company today reported its financial results for the third quarter and nine months ended September 30, 2009. During the third quarter of 2008, one library sale to a customer, to whom the Company continues to license product, accounted for $20.4 million of library revenue. There were no comparable licensing deals of this magnitude during the third quarter of 2009. Also contributing to the decrease in library revenue was a $3.1 million decrease in revenue from the distribution of programming on ION during the three months ended September 30, 2009 compared to the prior year period as a result of the termination of the arrangement with ION as of June 30, 2009.

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