US Stocks Down with MGM (MGM, LVS, DRYS, CBS, SIRI)

MGM MIRAGE (NYSE:MGM) drops 5.96% to $14.05 on 16.68 million shares. The company reported a wider-than-expected first-quarter loss on Thursday, hurt by weakness in the Las Vegas convention market. On a net basis, MGM posted a first-quarter loss of 22 cents a share, compared with a profit of 38 cents a year earlier.

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Las Vegas Sands Corp. (NYSE:LVS) slid 4.59% to $22.24 on 19.40 million shares. The company today announced that it will host a conference call to discuss its financial results for the quarter ended March 31, 2010, on Thursday, May 6, 2010 at approximately 1:30 p.m.

DryShips Inc. (NASDAQ:DRYS) falls 5.12% to $5.34.

CBS Corporation (NYSE:CBS) is down 4.75% to $14.84 on 9.05 million shares.  Earlier this week, the company reported results for the first quarter ended March 31, 2010. Adjusted net earnings for the first quarter of 2010 were $34.3 million versus a net loss of $36.0 million for the same quarter last year and adjusted diluted earnings per share were $.05 in 2010 compared to a loss of $.05 per diluted share in 2009.

Sirius XM Radio Inc. (NASDAQ:SIRI) drops 6.70% to $1.04 on high volume.

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