Consumer Cos Up On Stimulus Hopes -- Consumer Roundup

Shares of retailers and other consumer companies rose amid hopes for more economic stimulus.

Former Federal Reserve Chairwoman Janet Yellen told lawmakers Tuesday she would make the needs of America's workers her core focus if confirmed as the next U.S. Treasury secretary and ensure the U.S. has a competitive economy that offers good jobs and wages workers in cities and rural areas.

Casino chain MGM Resorts International said it's no longer pursuing a deal to buy British online-gambling company Entain, owner of bookmaker Ladbrokes.

Cruiseline Royal Caribbean Group said it's selling its Azamara luxury cruise line for $201 million in cash to investment firm Sycamore Partners, as shipping lines seek to stabilize their finances after an almost year-long hiatus in voyages leaving from the U.S.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

01-19-21 1722ET