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October 10, 2008 6:20:28 PM CDT

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Stories related to: Kirk Kerkorian

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6 Stories

  • April 2008

    • Kerkorian Bets Big on Ford Turnaround

      Wall Street Journal  |  Apr 28, 08 4:22 PM CDT

      Kerkorian Bets Big on Ford Turnaround

      (Newser) - Investor Kirk Kekorian is gobbling up shares of Ford in move seen as a vote of confidence for the automaker’s turnaround efforts, the Wall Street Journal reports. Kerkorian’s Tracinda has bought about 100 million shares and holds a 4.7% stake in the firm. Tracinda also offered to buy 20 million more for $8.50 apiece, 13% more than their market value Friday. More »

      Tags

      General Motors  • stocks  • Ford  • US automakers  • Kirk Kerkorian  • investor  • downsizing

  • September 2007

    • It's Forbes 400 Time Again

      Forbes  |  Sep 21, 07 7:15 AM CDT

      It's Forbes 400 Time Again

      (Newser) - In the 25th year of Forbes magazine's rankings of the 400 riches Americans, the net worth at the poor end of the list is $1.3 billion, up from a flat $1 billion a year ago. Microsoft founder Bill Gates still tops the list with $59 billion, closely followed by Warren Buffett ($52 million). Forty-five of the members appear on the list for the first time. More »

      Tags

      list  • Bill Gates  • Warren Buffett  • Kirk Kerkorian  • Forbes 400

  • August 2007

    • Dubai Betting $5B on Vegas Casino Giant

      Bloomberg  |  Aug 22, 07 2:01 PM CDT

      Dubai Betting $5B on Vegas Casino Giant

      (Newser) - Dubai World—a company owned by the government of the oil-rich Persian Gulf state—plans to invest up to $5.1 billion in MGM Mirage, the world's second-largest casino company, Bloomberg reports. The move would give Dubai a presence in booming Las Vegas and free up assets for MGM Mirage to diversify its holdings. More »

      Tags

      Las Vegas  • gambling  • casino  • Dubai  • Persian Gulf  • Kirk Kerkorian  • MGM Mirage

  • June 2007

    • Kerkorkian Hedges Bets on MGM

      CNN  |  Jun 20, 07 9:13 AM CDT

      Kerkorkian Hedges Bets on MGM

      (Newser) - Mega-investor Kirk Kerkorian has withdrawn his intended bid for two of MGM Mirage's showcase properties. Kerkorian, who owns a 56% stake in the company, pulled his preannounced offer on news of a multi-billion dollar development deal between MGM and South African casino giant Kerzner International to develop a new property on the Strip.  More »

      Tags

      casino  • Kirk Kerkorian  • Bellagio  • MGM Mirage

  • May 2007

    • Kerkorian Bets on Bellagio

      SmartMoney.com  |  May 22, 07 2:54 PM CDT

      Kerkorian Bets on Bellagio

      (Newser) - Activist investor Kirk Kerkorian, who holds a controlling interest in MGM Mirage, is making a play to buy two of the casino company's crown jewels. Kerkorian's company, Tracinda Corp., is in talks to acquire MGM's Bellagio Casino and the $7.4 billion CityCenter development, currently under construction. Kerkorian currently owns 56% of MGM Mirage. More »

      Tags

      private equity  • investors  • privatization  • Kirk Kerkorian  • Bellagio  • MGM Mirage

  • April 2007

    • Kerkorian Offers $4.5 Billion For Chrysler

      Detroit Free Press  |  Apr 5, 07 4:18 PM CDT

      Kerkorian Offers $4.5 Billion For Chrysler

      (Newser) - Beverly Hills billionaire Kirk Kerkorian has offered to buy the Chrysler group for $4.5 billion. Kerkorian's investment company, Tracinda Corp., can pay cash for the ailing automotive giant, and is pitching an extra $100 mil for an exclusive two-month period to run due diligence. Tracinda told parent DaimlerChrysler it can work with both management and the UAW, which would have an equity stake. More »

      Tags

      auto industry  • business  • car  • Chrysler  • United Auto Workers  • shares  • Kirk Kerkorian  • Daimler

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