Consumer Biz Wrap: Macau Players See Super Growth, Luxury Autos See Big Discounts
Melco Crown Entertainment Limited (NASDAQ:MPEL) and Las Vegas Sands Corp. (NYSE:LVS) are expected to report the top earnings growth among Macau-based companies, with both names likely to see double-digit profit jumps. Moreover, the figures will not include sales generated during China’s Golden Week holiday, which are said to be quite impressive.
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A Ford Motor Company (NYSE:F) executive says that luxury automakers are raising their end-of-year discounts in order to seize market share. Mercedes (DDAIF.PK), BMW (BAMXY.PK), and Toyota’s Lexus lead the segment, but Ford holds some hope that it can bring its Lincoln brand back to relevance once more.
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