logo
Plus   Neg
Share
Email

Wynn Resorts Posting Notable Loss After Downgrade By Morgan Stanley

Shares of Wynn Resorts (WYNN) are seeing considerable weakness in afternoon trading on Friday, slumping by 2.7 percent.

The drop by Wynn comes after Morgan Stanley downgraded the casino operator's stock to Equal-Weight from Overweight.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Children's clothing retailer Gymboree Group, Inc. has again filed for Chapter 11 bankruptcy protection, the second time in nearly two years. The company will close more than 800 Gymboree and Crazy 8 stores in the U.S. and Canada. The San Francisco-based retailer said that along with its U.S. subsidiaries, it has filed a petition in the U.S. Bankruptcy Court for the Eastern District of Virginia. British Prime Minister Theresa May's government has survived a vote of no confidence in parliament on Wednesday. The U.K.'s lower house of parliament, the House of Commons, voted in favor of the government and defeated the motion raised by the leader of the main opposition Labour party, Jeremy Corbyn,... Sears Holding Corp. Chairman Eddie Lampert won a bankruptcy auction for the struggling department store chain that will keep it in business, reports said citing people familiar with the matter. Lampert reportedly submitted an improved bid for the parent company of Kmart and Sears chains through his hedge fund ESL Investments.
Follow RTT