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Vegas Comes to Wembley with Casino Plan By Ben Harding LONDON (Reuters) - Rundown land surrounding London's Wembley Stadium will be transformed into a glitzy $600 million gambling resort in a joint venture between U.S. group Caesars Entertainment and Britain's Quintain Estates. "Caesars Wembley" will sit 200 yards from the reborn home of English football -- the new 90,000-seater N... : Vegas Comes to Wembley with Casino Plan
Caesars, Quintain to Build Wembley Casino LONDON (Reuters) - U.S. casino firm Caesars Entertainment Inc. and Quintain Estates have formed a joint venture to turn the area around London's Wembley Stadium into a $600 million leisure and gambling resort. The 50-50 joint venture, Caesars' first foray into the European casino market, would include a 400-room luxur... : Caesars, Quintain to Build Wembley Casino
Kerkorian launches offer for 28 mln GM shares WASHINGTON (Reuters) - Billionaire investor Kirk Kerkorian on Monday launched an offer to buy up to 28 million shares of General Motors Corp. common stock for $31 each. Kerkorian, who shook up the former Chrysler Corp. with a hostile takeover bid about a decade ago, had said last week that he would seek to more than... : Kerkorian launches offer for 28 mln GM shares
As Gambling Goes Mainstream, Deals Mount By Deena Beasley LOS ANGELES (Reuters) - The planned purchase of the storied Golden Nugget casino in Las Vegas by Landry's Restaurants Inc. (LNY.N: Quote , Profile , Research ) is further evidence of how gambling has become mainstream entertainment, analysts say. Outside businesses are looking favorably on the casino industry, which is known for generally strong cash flows. "Gaming has become more acceptable as an entertainment source similar to ... : As Gambling Goes Mainstream, Deals Mount
Stocks Seen Flat to Slightly Off at Open NEW YORK (Reuters) - Stock futures pointed to a flat to slightly lower open on Wednesday, with investors bracing for a key inflation figure and with oil prices still firmly above $50 a barrel. Merger activity may give markets a shot in the arm, as Medco Health Solutions Inc. (MHS.N: Quote , Profile ... : Stocks Seen Flat to Slightly Off at Open
Wall St. Expected to Open Slightly Lower LONDON (Reuters) - Wall Street was expected to open slightly lower on Friday but United Technologies Corp. (UTX.N: Quote , Profile , Research ) may climb after its chief executive gave an upbeat outlook. Key economic data may also affect stocks. Producer prices and the University of Michigan consumer sentiment index are both scheduled for release. "Today is all about PPI and Michigan Consumer Confid... : Wall St. Expected to Open Slightly Lower
The great investment guru poker showdownThe great investment guru poker showdown Four money managers, two pro gamblers, a table in Vegas and a challenge to the laws of investing. April 29, 2005: 12:07 PM EDT By Stephen Gandel, MONEY Magazine NEW YORK (MONEY Magazine) - Until Bill Miller did it, nobody ever called 76-year-old Walter Clyde "Puggy" Pearson a giant of the investing world. Pearson's formal education stopped in fifth grade. He's a professional gambler. And his only run-in with t... : The great investment guru poker showdown
Tentative Deal in Atlantic City Strike LOS ANGELES (Reuters) - Striking Atlantic City casino workers on Tuesday said they have reached a tentative five-year labor deal that increases pay and benefits but fails to make their contracts expire at the same time as those of workers in Las Vegas, which had been a key goal of the union. About 10,000 members of Local 54 of Unite Here will vote on the proposed contract on Wednesday. If it is approve... : Tentative Deal in Atlantic City Strike
Stocks Seen Flat as Bush Rally Fades By Michael Flaherty NEW YORK (Reuters) - U.S. stock futures trimmed losses on Thursday after weekly jobless claims data, but stocks still were seen opening flat as the rally fueled by President Bush's re-election wore off. Technology stocks were under pressure after Qualcomm Inc. (QCOM.O: Quote , Profile , Research ) shares fell 3... : Stocks Seen Flat as Bush Rally Fades
Faulty towers?Faulty towers? Nope. Companies that lease antenna space to wireless carriers might be the best bets in telecom. March 8, 2005: 12:15 PM EST By Paul R. La Monica, CNN/Money senior writer NEW YORK (CNN/Money) – Investors often can profit handsomely from a misunderstanding on Wall Street. Take what happened at the beginning of last year to four stock... : Faulty towers?
Wall Street Seen Mixed Ahead of CPI By Marie Maitre PARIS (Reuters) - Wall Street is seen opening unchanged at best on Wednesday ahead of inflation figures and with oil prices still firmly above $50 a barrel. On the corporate front, technology stocks will be in focus with earnings from telecoms equipment maker Ciena (CIEN.O: Quote , Profile , Research ) , and possible comments from p... : Wall Street Seen Mixed Ahead of CPI
Stocks Seen Higher at Open; Amex on Tap By Michael Flaherty NEW YORK (Reuters) - U.S. stock futures pointed to a higher market open on Monday, bouncing back from fresh 2005 lows hit on Friday, as investors buy up beaten down shares and expect strong earnings American Express Co. (AXP.N: Quote , Profile , Research ) . Station Casinos Inc... : Stocks Seen Higher at Open; Amex on Tap
Stocks Seen Down; Amazon Dims Early Mood NEW YORK (Reuters) - U.S. stock futures pointed to a lower market open on Wednesday, carrying over from Tuesday's weakness, as online retailer Amazon.com Inc. (AMZN.O: Quote , Profile , Research ) dampened the early morning sentiment after posting lower quarterly profit late Tuesday. Amazon shares slid as much as 5 percent after the closing bell, as its lower profit came after racking up hi... : Stocks Seen Down; Amazon Dims Early Mood
Summer concerts: croak to croon?Summer concerts: From croak to croon? After a lousy 2004, concert promoters have reason to think this year will be different. April 7, 2005: 3:22 PM EDT By Krysten Crawford, CNN/Money staff writer NEW YORK (CNN/Money) - After striking a low note last year, the concert business is poised to sing. For the live-music industry, "last year was the perfect storm of things that coul... : Summer concerts: croak to croon?
U.S. stocks seen flat; caution before Fed NEW YORK (Reuters) - U.S. stock futures pointed to a flat to slightly lower open on Tuesday, as investors were cautious before combing through a statement by the Federal Reserve due later in the day, with the Fed expected to raise interest rates by another quarter point. Conglomerate Tyco International Ltd. (TYC.N: Quote , Profile , Research ) posted a decline in quarterly profit due to charges. Excluding the charges... : U.S. stocks seen flat; caution before Fed
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