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Entries tagged "Kirk Kerkorian"When Steve Wynn returned to Las VegasStephen Wynn bought the old Desert Inn from Starwood as he triumphantly returned to Las Vegas after selling Mirage to MGM Grand. Odds of an MGM bankruptcy are highMGM Mirage is looking to sell some assets as well as use its casinos as collateral for its unsecured debt. The Journal offers a 'what if' scenario for KerkorianIn its "Overheard" column, The Wall Street Journal pokes fun at 90-year-old billionaire investor Kirk Kerkorian in Friday's edition, saying Tracinda Corp.'s would-be investment in San Antonio refiner Tesoro Corp., which resisted his advances last year, would have landed him a loss roughly double that of the $715 million bath he's taken on Ford Motor Co. The Journal reports he now sees "unique value" in gambling and energy stocks. ... Kerkorian slashes Ford stakeFinancier Kirk Kerkorian bowed out of the auto business -- again -- on Tuesday, announcing plans to significantly scale back his 6% stake in Ford Motor Co. in order to focus his investments on other industries. Kerkorian's Tracinda Corp. in a Securities and Exchange Commission filing said it had sold 7.3 million shares of Ford common stock on the open market for an average of $2.43 per share, or $17.7 million. ... Ford's stock free falls, CFO departsFord Motor Co., which has seen its shares in a free fall this week as investors flee the troubled auto industry, said Friday that long-time CFO Don Leclair will retire Nov. 1 to be replaced by Lewis Booth, the head of the company's European operations.... Kerkorian may support Ford turnaround with more cashBillionaire investor Kirk Kerkorian on Thursday, June 19, said he could propose strategies to help turn around Ford Motor Co. and might be willing to support the automaker with "an infusion of additional capital." ... Kerkorian bets $175M on FordFord Motor Co. received a vote of confidence Monday when billionaire investor Kirk Kerkorian's Tracinda Corp. purchased 20 million shares, or 1% of the company, for $8.50 a share for a total of $175 million. The purchase adds to Tracinda's 4.7% holding in Ford. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Kirk Kerkorian." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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