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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 ...
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 ballrooms, the two firms said on Tuesday. Unde...
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 Waddell, a senior writer fo...
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. Securities and Exchange Commission, Kerkorian's investment...
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 i...
Stocks Seen Lower, Weighed by TI Outlook NEW YORK (Reuters) - U.S. stock futures pointed to a slightly lower open on Tuesday with technology stocks set to face pressure after Texas Instruments Inc. (TXN.N: Quote , Profile , Research ) trimmed its quarterly earnings target. The update on Monday from Texas Instruments, the world's largest maker of chips for cell phones, dampened some investors' mood after the regular session. Its shares slid more than 3 percent in overseas trading. Meanwhile, in its first earnings report ...
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 i...
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: Quote , Profile , Research ) , Internet...
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-t...
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. (A...
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 high...
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 (Research), SpectraSite (Research) and SBA Communications (Research). Shares of t...
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 o...
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 progra...
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 wher...
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