Kirk Kerkorian News
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MGM Holdings Inc., the studio that emerged from bankruptcy more than two years ago, reported fourth-quarter net income of $40.2 million, driven by the James Bond film “Skyfall” and “The Hobbit: An Unexpected Journey.”
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MGM Resorts International rose after Kirk Kerkorian’s Tracinda Corp. said it may boost its stake in the casino operator by more than a third to as much as 25 percent.
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As Armenians mark the deaths that tarnished President Serzh Sargsyan’s 2008 rise, anger at his re- election has stirred diaspora in the world of U.S. heavy metal.
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How old is too old to lead?
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Kirk Kerkorian’s Tracinda Corp. is selling 20 million shares of MGM Resorts International, the casino operator he founded, according to a person familiar with the matter.
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MGM Resorts International stock fell to an 11-month low after billionaire founder Kirk Kerkorian sold 20 million shares, reducing his stake in the biggest Las Vegas Strip casino owner to raise cash.
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MGM Resorts International, the biggest casino operator on the Las Vegas Strip, plans to raise about $550 million by selling stock, and said its founder and biggest shareholder, Kirk Kerkorian , will reduce his stake.
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MGM Resorts International plans to raise about $517 million selling stock, boosting cash amid signs that a record Las Vegas gambling slump is easing.
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Kirk Kerkorian , the billionaire investor in MGM Resorts International, will transfer his $200 million charitable foundation to the University of California, Los Angeles.
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Alex Yemenidjian , the former dealmaker for billionaire Kirk Kerkorian , is hunting for more casino acquisitions after buying the Tropicana Las Vegas Hotel & Casino out of bankruptcy.
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