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Shaun Kelley of Bank of America asks about $WYNN's Paradise Park. CEO Stephen Wynn says it is roughly estimated to generate around $300,000-400,000 in revenues a day and that it is a high margin business. If the project proceeds as planned, $WYNN will get mass business and it will increase its occupancy in existing rooms.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.