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.
Steve Jobs, who built the world’s most valuable technology company by creating devices that changed how people use electronics and revolutionized the computer, music and mobile-phone industries, died. He was 56.
Delta Petroleum Corp., the U.S. energy producer whose largest shareholder is Kirk Kerkorian, agreed to sell a stake in Colorado natural-gas fields to closely held Opon International LLC for $400 million to revive drilling in the area. Delta shares surged 30 percent.
Delta Petroleum Corp., an oil and natural-gas explorer and developer whose largest shareholder is Kirk Kerkorian, sought bankruptcy protection after failing to find a buyer. Its shares plunged as much as 45 percent.