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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-se... : 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 luxury hotel, conference facilities, a casino, shops, restaurants and bars, Britain's Quintain Estates & Deve... : Caesars, Quintain to Build Wembley Casino

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 ... : Wall Street Seen Mixed Ahead of CPI

Kerkorian bids for stake in embattled GM

DETROIT (Reuters) - Financier Kirk Kerkorian made a bold bet on General Motors Corp. (GM.N: Quote , Profile , Research ) on Wednesday, offering to more than double his stake to 8.8 percent in a move that raised investor confidence in America's industrial backbone and drove U.S. stocks broadly higher. The unexpected announcement by Kerkorian's Tracinda Corp., which could pressure GM's management into speeding up a restructuring, sent the automaker's shares soaring 1... : Kerkorian bids for stake in embattled GM

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 3.6 percent before the bell. The wireless technology company late on Wednesday set an earnings target b... : Stocks Seen Flat as Bush Rally Fades

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 double his stake in the world's largest automaker to 8.8 percent. In a tender offer filing with the U.S. Securiti... : 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 going to the movies or out to dinner," sai... : As Gambling Goes Mainstream, Deals Mount

In jail, Martha became a billionaire

Martha debuts on Forbes billionaire list Bill Gates, Warren Buffett remain on top. Oprah, Donald Trump also make the super-rich list. March 11, 2005: 5:32 PM EST NEW YORK (CNN/Money) - The new Martha Stewart is richer than ever, according to Forbes. After getting out of prison last week, the homemaking maven has landed herself a spot on the magazine's annual billionaire list for the first time. According to the issue, due for release on Friday, Stewart ha... : In jail, Martha became a billionaire

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 charg... : U.S. stocks seen flat; caution before Fed

The great investment guru poker showdown

The 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... : The great investment guru poker showdown

Kerkorian to bid for big stake in GM

DETROIT (Reuters) - Billionaire Kirk Kerkorian's investment company on Wednesday offered to buy a large minority stake in General Motors Corp. (GM.N: Quote , Profile , Research ) at a premium to the struggling automaker's depressed stock price. The announcement from Tracinda Corp., which said it would spend up to $868 million to buy as man... : Kerkorian to bid for big stake in GM

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 could go wrong," said Ray Wa... : Summer concerts: croak to croon?

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 s... : Faulty towers?

Harrah's closes merger with rival Caesars

By Deena Beasley LOS ANGELES (Reuters) - Harrah's Entertainment Inc. (HET.N: Quote , Profile , Research ) on Monday closed its $6.8 billion purchase of rival Caesars Entertainment (CZR.N: Quote , Profile , Research ) , creating the world's largest casino operator and upping its bet on Las Vegas. Chief Executive Gary Loveman said Harrah's has its eye on long-term opportunities in overseas gaming, but near-term growth will likely come from its hometow... : Harrah's closes merger with rival Caesars

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 i... : Wall St. Expected to Open Slightly Lower

Britney Spears' pregnancy test sells

Britney Spears' pregnancy test sells Oops...a Canadian radio station has sold her alleged pregnancy test to GoldenPalace.com for $5,001. May 12, 2005: 6:56 AM EDT NEW YORK (CNN/Money) - The Internet casino noted for its unusual eBay purchases acquired Britney Spears' alleged pregnancy test for $5,00... : Britney Spears' pregnancy test sells

Breast implant sold for $16,766

Breast implant fetches $16,766 Casino adds stripper's huge silicone implant to 'collection' including Virgin Mary grilled cheese. March 7, 2005: 2:28 PM EST MIAMI (Reuters) - A former stripper once accused of battering a customer with her enormous breasts sold one of her silicone implants on eBay to the same company that recently bought a grilled cheese sandwich said to bear the image of the Vi... : Breast implant sold for $16,766

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 higher costs from discount shipping programs and boosted technology spending (ID:nN26582... : Stocks Seen Down; Amazon Dims Early Mood

U.S. Stocks Seen Higher; Pixar Eyed

NEW YORK (Reuters) - U.S. stock futures pointed to a higher market open on Thursday as oil prices stayed below $55 a barrel and as investors lapped up beaten-down shares after recent declines in the market. Shares of Pixar Animation Studios Inc. (PIXR.O: Quote , Profile , Research ) stand to gain a day after its board approved a 2-for-1 split of the company's common stock. Pixar shares were up nearly 2 percent at $93.80 in after-hours trade on INET... : U.S. Stocks Seen Higher; Pixar Eyed

Woman fired for not wearing lipstick

Woman fired for not wearing lipstick A court will hear the discrimination lawsuit of an employee who says lack of makeup cost her a job. May 17, 2005: 11:19 AM EDT SAN FRANCISCO (Reuters) - A federal appeals court agreed on Friday to reconsider the case of a bartender who was fired from her job at a Nevada casi... : Woman fired for not wearing lipstick

Las Vegas Sands Looks for a Jackpot

By Kavitha Shastry NEW YORK (Reuters) - Rolling the dice at a craps table or wagering a paycheck playing poker may not be the most rational use of money, but one casino operator is hoping investors will find its stock a better bet. The highly anticipated initial public offering from Las Vegas Sands Corp. (LVS.N: Quote , ... : Las Vegas Sands Looks for a Jackpot

Ahold, Ex-Execs Settle with Regulators

WASHINGTON (Reuters) - Ahold NV (AHLN.AS: Quote , Profile , Research ) , the Dutch grocery operator, and three former top executives have agreed to settle U.S. securities fraud charges related to massive overbooking of profits, the company and U.S. regulators said on Wednesday. The U.S. Securities and Exchange Commission declined to fine Ahold, saying the company cooperated fully with it... : Ahold, Ex-Execs Settle with Regulators
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