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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 facilitie...
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 National Stadium -- and will incorporate a casino, a luxury hotel, designer shops and ballr...
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 its investigation and ha...
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. H...
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 stocks: American Tower (Research), Crown Castle International...
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 personal computer giant Dell (DELL.O: Q...
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 many as 28 million GM shares, boosted GM's stock more than 9 percent and helped turn the broader market higher. The $31-a-share offer pric...
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, Tyco beat expectations by a penny, b...
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 , Research ) said it would buy specialty pharmacy services provider Accredo Health Inc. (ACDO.O: Quote , Profile , Research...
Britney Spears' pregnancy test sellsBritney 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 $5,001, according to a statement Thursday. An Ottawa music station, Hot 89.9, secured the pregnancy test through a connection it has in the Los Angeles hotel where Britney and her h...
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 gro...
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 approved, they could return to ...
Pope's old VW sells for $244,000Pope's old VW sells for $244,000 American places winning bid for used Volkswagen Golf that had been registered to future Pope. May 5, 2005: 4:34 PM EDT BERLIN (Reuters) - A second-hand Volkswagen Golf once owned by Pope Benedict sold for 188,938 euros ($244,800) to a U.S. buyer in frenzied online bidding, a spok...
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 Confidence...(there is) nothing much in the way of corporate results t...
Woman fired for not wearing lipstickWoman 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 casino for refusing to wear lipstick, blush and othe...
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