Harrah's 1Q earnings down
Harrah's says its unit that includes properties in Reno, Lake Tahoe and Laughlin posted earnings of $7.6 million and revenues of $114.6 million in the quarter ended March 31. A year earlier, the properties had $14.6 million in profits and $146.6 million in revenues.
Consumer confidence soars
NEW YORK (AP) " Consumer confidence zoomed past economists' forecasts in April to its highest level since November, reflecting a growing sense that the economy may have bottomed out.
The findings released Tuesday offered hope that families could open their wallets, but experts cautioned that shoppers were unlikely to splurge while layoffs are still looming.
The Consumer Confidence Index, measured by the Conference Board, soared to 39.2 from a revised 26.9 in March. That is the highest reading since November's 44.7 and far surpasses economists' expectations for 29.5.
Comments
Use the comment form below to begin a discussion about this content.
Sign in to comment