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NYSE Movers (NYSE: MGM) (NYSE: GM)

Thursday, 02 May 2013 12:55 PM

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New York (May 2nd, 2013) - MGM Resorts International (NYSE: MGM) reported financial results for the quarter ended March 31, 2013. Diluted earnings per share for the first quarter of 2013 was $0.01 compared to a loss per share of $0.44 in the prior year first quarter. Comparability of the current and prior year consolidated results was affected by certain items discussed further below.

"Our first quarter 2013 results are the best we have reported since the beginning of the downturn five years ago, led by improved results at our Las Vegas Strip resorts, a record first quarter at MGM China and an all-time record at CityCenter," said Jim Murren, MGM Resorts International Chairman and CEO. "MGM Resorts International returned to profitability in the quarter and we are excited about our future."

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts.

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General Motors' (NYSE: GM) employee volunteers are partnering with Habitat for Humanity Lansing today to help finalize construction and interiors for the new Allen Market Place located in Lansing's Allen Neighborhood Center.

The teamGM Cares volunteer project is one of 12 that will take place across the United States thanks to a $1 million grant from the General Motors Foundation to Habitat for Humanity International.
"The GM Foundation is committed to helping build stronger communities where GM employees live and work," said GM Foundation President Vivian Pickard. "We are proud to partner with Habitat for Humanity Lansing on the Allen Market Place as it will serve the community in a very meaningful way."

General Motors Company (GM) designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide.

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