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The Walt Disney Co. is expected to report fiscal year 2013 third-quarter earnings per share of $1.02 on revenue of $11.65 billion, compared with EPS of $1.01 on revenue of $11.09 billion in the year-ago period. Reuters

A new Disney Resort will open in stages, starting from May 2012 to December 2012, in Orlando, Florida, officials from the Disney's Art of Animation Resort said.

The new resort is a strategy to boost Orlando’s economy as its construction will generate about 800 permanent employments in the construction sector, according to media reports. Further, there will be more jobs once the hotel opens to guests. Plus, the resort is bound to attract visitors that will add to the local economy.

Moreover, the resort will feature affordable accommodation with about 2,000 rooms and 1,120 suites, of which at least 865 standard rooms will be included in Disney's 'value' category keeping in consideration families that travel together to Orlando’s Disney World, the officials said.

The resort will open in phases and will be based on different themes. In first phase, the hotel will unveil its first section of suites themed on 'Finding Nemo'; the second phase will see opening of a Lion King-themed second wing of suites followed by the last phase of conventional hotel rooms featuring the 'Little Mermaid' theme.