| StreetInsider.com - Insiders' Edge |  | Las Vegas Sands (LVS) Smashed On Debt Problems, Bankruptcy Fears |  | Shares of Las Vegas Sands Corp. (NYSE: LVS) were under heavy pressure today, falling 33%, after warning that it may be default on its debt, which brings bankruptcy into play.
Las Vegas Sands said it will likely not be in compliance with its debt covenants and may need to raise more capital.
This afternoon, CNBC's David Faber reported that the company is looking to hire a banker to restructure its capital to avoid a bankruptcy.
From the fling, "Based on current estimates, the Company expects it will not be in compliance with its maximum leverage ratio covenant for the quarter ending December 31, 2008 and at subsequent quarterly measurement dates. Non-compliance would result ... CONTINUED>>>>> More Insiders' Blog: http://www.streetinsider.com/Insiders+Blog FREE RSS Feed: http://www.streetinsider.com/freefeed.php?cid=6 | | | 
| Stock Buyback of the Day - Sara Lee (SLE) Sara Lee Corp. (NYSE: SLE) announced that, as a result of the lower price for Sara Lee common stock, the company has determined that it will re-enter the market to buy back its shares on an opportunistic basis. At this time, the company has not identified the amount of stock that will be repurchased this fiscal year. More Stock Buybacks: http://www.streetinsider.com/Stock+Buybacks FREE Stock Buyback RSS Feed: http://www.streetinsider.com/freefeed.php?cid=16 | | 
| | Upgrade To Watch - ANSYS (ANSS) KeyBanc upgrades ANSYS , Inc. (Nasdaq: ANSS) from Hold to Buy. Price target $39.
KeyBanc analyst says, "We believe the recent decline in trading multiples and ANSS's share price create an attractive entry point for investors. While we believe ANSS faces headwinds from the difficult economic environment and recent appreciation of the ... MORE
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